In response to The Block's report that Justin Sun withdrew BTC collateral from USDD, Justin Sun responded on the X platform: "USDD is a decentralized stablecoin protocol that has nothing to do with anyone's name, just like Satoshi Nakamoto created Bitcoin, but Bitcoin does not belong to Satoshi Nakamoto."
Previously, Tron DAO Reserve withdrew about $750 million worth of Bitcoin on Wednesday, which was previously used to support the USDD stablecoin. Tron founder Justin Sun said users don't need to worry, explaining that the move was to improve capital efficiency because USDD's previous long-term collateral rate exceeded 300%.