TUSD Refutes Justin Sun Ownership, Threatens Lawsuit

TUSD Refutes Justin Sun Ownership and Threatens Defamation Lawsuit

  • TUSD is a fast-rising stablecoin that has been linked to Justin Sun’s ownership.
  • TUSD has refuted these claims and is threatening legal action for defamation.
  • This article was written by Okoya David, Stefan Trapp and Ciaran Lawler on 4th May 2023.

Background of TUSD

The stablecoin TUSD has been gaining attention lately due to its rapid rise in the digital asset market. It has also been linked with the name of Justin Sun, raising speculation about his alleged ownership. However, TUSD has denied these claims and have threatened legal action if any defamation arises from it.

What Is a Stablecoin?

A stablecoin is a cryptocurrency pegged to a stable asset like the US Dollar or gold. They are designed to provide stability in their value compared to other cryptocurrencies which are more volatile. This makes them an attractive choice for investors who want to avoid losses due to price fluctuations.

TUSD Rejects Allegations of Justin Sun’s Ownership

In response to allegations regarding Justin Sun’s alleged ownership, TUSD has issued an official statement refuting the claim and vowing legal action if any defamatory statements arise from this matter. They have also requested that all parties refrain from spreading false information regarding this subject matter.


It remains unclear whether or not there is any truth behind the speculation linking Justin Sun’s ownership with TUSD. The company has firmly denied such claims and threatened legal action against anyone who spreads false information about it. In either case, it will be interesting to see how this situation develops in the future as more details emerge about it.