The post Tron Blockchain TUSD Peg Lost as Accusations of Supporting Terrorism Spread appeared on BitcoinEthereumNews.com.

According to the report, Tron has become a preferred platform for crypto transfers linked to organizations designated as terrorist entities by the EU, Israel, the US, and other nations. Israeli security services’ data on crypto seizures since 2021 underscores this shift, revealing a notable increase in the targeting of Tron wallets and a simultaneous decline in Bitcoin wallet seizures. Justin Sun, the founder of the Tron blockchain, took to X (formerly Twitter) to defend the network against these allegations. Sun emphasizes Tron’s decentralized structure, akin to Bitcoin and Ethereum, as the cornerstone of its philosophy. “While committed to combating terrorist financing, our top priority remains decentralization, asset safety, and providing instant, affordable, and reliable transactions,” Sun stated. Simultaneously, the depegging of TUSD may reflect wider community concerns about the Tron blockchain. Previously, the Tron blockchain TUSD peg also dropped to $0.998 in June, triggered by the suspension of minting through Prime Trust, causing a ripple effect in the crypto market. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. Source: https://coincu.com/232298-tron-blockchain-tusd-peg-lost/

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Filed under: News - @ November 28, 2023 3:12 am