A private financial document reviewed by CoinDesk shows that Sun, one of the richest figures in crypto, was responsible for the vast majority of a key Valkyrie division’s assets under management.
La stablecoin algorítmica descentralizada, inspirada en la ahora desaparecida UST de Terra, perdió su paridad con el dólar el mes pasado dado que el colapso de FTX perjudicó la confianza de los inversores en los activos digitales.
The algorithmic decentralized stablecoin modeled after Terra's now-defunct UST lost its dollar peg last month as the collapse of FTX dented investor confidence in digital assets.
The deal is noteworthy partly because of its connections to crypto billionaire Justin Sun, founder of the Tron blockchain where the Caribbean island's new token will initially reside.
Bukele y Sun se comprometen a comprar un BTC todos los días a partir del jueves en medio de los temores de que el reciente colapso del exchange de criptomonedas FTX prolongara el actual invierno cripto.
Bukele and Sun commit to buy one BTC every day, starting from Thursday amid fears that crypto exchange FTX's recent collapse would prolong the ongoing crypto winter.