USDT is a ticking time bomb keeping everything alive give the supply. Should it go bust any second it would be a catastrophe
TRX? They can survive on their own.
no other concrete usecase even though there are other TRC20 projects. its crazy that with just only USDT they still stay afloat that TRX still on the top position despite this only utility. i think Sun will have some other plans for TRX or probably use it to another stablecoin that is not depegged.
if USDT go bust, its not just TRX that will be hit. a lot of coins will take a nose dive.
This is why I am curious why Justin Sun is offering billions of aid to FTX when in fact, their project is on the verge of collapsing?
https://www.reuters.com/technology/tron-founder-justin-sun-ready-give-billions-aid-ftx-bloomberg-reporter-2022-11-11/Maybe just to create noise in the market. And jump on this drama. Though SBF has claimed he got $1B from Sun, along with OKX and Tether.
Sun should be doing something innovative to Tron platform, or else, this will suffer another exit in this industry.
If he has $1B to help FTX, then, more than likely he has still more to initiate strong developments on this platform.