stUSDT on $TRX held 2.3 billion dollars in late 2023. It is closing with about 8.6 million.
Interest stopped on Nov 14. Holders can swap back to USDT on the official portal until May 14, 2027, then by support ticket in monthly batches until August. The team says the tokens are fully backed and gave no reason.
Most of the money left early. DefiLlama shows 47.5 million on Nov 13 and 9.5 million at its midnight UTC reading on Nov 14, hours before the notices.
By our maths that is 37 cents left of every 100 dollars from the peak. JustLend, the $JST lender, is switching off new #stUSDT deposits and loans on its market.
Tokens on an exchange or in a pool have to move to a personal wallet before redeeming.
NFA. DYOR.
Interest stopped on Nov 14. Holders can swap back to USDT on the official portal until May 14, 2027, then by support ticket in monthly batches until August. The team says the tokens are fully backed and gave no reason.
Most of the money left early. DefiLlama shows 47.5 million on Nov 13 and 9.5 million at its midnight UTC reading on Nov 14, hours before the notices.
By our maths that is 37 cents left of every 100 dollars from the peak. JustLend, the $JST lender, is switching off new #stUSDT deposits and loans on its market.
Tokens on an exchange or in a pool have to move to a personal wallet before redeeming.
NFA. DYOR.
