Justin Sun Invests $8 Million in River to Support Its Deployment of Chain-Agnostic Stablecoin Infrastructure in the TRON Ecosystem

Odaily News: Justin Sun has announced a strategic investment of $8 million in River to support its integration within the TRON ecosystem and the deployment of its chain-agnostic stablecoin infrastructure.

According to the disclosure, River will introduce cross-ecosystem assets and liquidity into TRON via satUSD. satUSD can be minted at a 1:1 ratio using USDT, USDD, or USD1, or be backed by assets from different blockchains, enabling users to directly participate in high-yield opportunities native to TRON.

satUSD is planned to be used alongside USDT and USDD in stablecoin pools on SUN, with its price oracle provided by WinkLink. Simultaneously, satUSD will also be listed on JUST for lending scenarios.

This integration will cover core assets including USDT, TRX, wBTC, BTT, JST, SUN, WIN, and NFTs, with native sTRX staking rewards serving as the initial entry point. River also plans to launch Smart Vault and Prime Vault for institutions, offering yield-generating products for stablecoins, TRX, and other core TRON ecosystem assets.

River stated that this investment will further solidify its role as core infrastructure within the TRON ecosystem, driving the scaling of liquidity, yield opportunities, and on-chain activity.