Justin Sun’s Tron-Based Stablecoins Gain As Investors Flee USDC To USDT In Wake Of SVB Collapse

As investors sought safety in the wake of Silicon Valley Bank’s (NASDAQ: SIVB) collapse this week, the total Tron (CRYPTO: TRX) stablecoin market cap saw a significant increase, while the Ethereum (CRYPTO: ETH) stablecoin market cap fell.  What Happened: Data from DeFilama shows that Justin Sun-owned Tron reached over 50% levels of the total circulating stablecoins on Ethereum.