TechFlow news, on May 1, Justin Sun, founder of TRON and member of the Huobi Global Advisory Committee, tweeted that TRONDAO Venture, as a TUSD liquidity partner, deposited funds into exchanges primarily to arbitrage price differences across various TUSD markets, enhance order book liquidity, and increase trading volume. The purpose was not to participate in exchange-specific campaigns. "Some team members inadvertently used a portion of the funds to join such activities; we have immediately contacted the exchanges to request full refunds for these amounts," Justin Sun stated.
It is reported that over the past few hours, TRONDAO Venture has cumulatively executed $40 million worth of trades as TUSD's liquidity provider, contributing significantly to maintaining TUSD's price stability. As of now, the circulating supply of the stablecoin TUSD has surpassed 2.4 billion tokens, reaching an all-time high. Among them, the TRON blockchain hosts the largest amount of TUSD, exceeding $1.6 billion.
