According to a tweet released by Colin Wu, a Chinese crypto journalist and fashion blogger, the Poloniex Exchange owned by Justin Sun, the founder and former CEO of Tron, has terminated the storage of stable currencies running on BNB Chain (also known as Binance Smart Chain, BSC).
This stable currency includes USDT, USDC, TUSD and the local BUSD of Binance. According to the tweets, Sun had better use ERC20 and TRC20 Internet instead of BEP20 (token specification on BNB chain), with the online article connection supported by Poloniex customers.
There is no main reason to clear this stable coin on BNB chain.
Many years ago, when Justin Sun still announced the management method of Tron Charity Foundation, but there was no Poloniex or Huabi, Sun and Bing's co-founder and CEO, Chang Peng Zhao (CZ), collaborated to launch various new projects, as if they were friendly to each other.
In 2019, Sun invested in Poloniex from Circle. At the beginning of October this year, I invested 100% of the world's equity in Huabi from Leon Li, the founder of Huabi Global.
Now, as CZ has expanded the kingdom of Binance, it seems likely that Sun has tried to compete with this encryption leader in the market - at least this is the idea of some reviewers.
According to the 8BTC news report of China's encryption mainstream media, Wu also released a tweet on his Chinese blog saying that Justin Sun was ready to work together with Poloniex and Hoobi.
According to insiders, Poloniex will insist on operating with its own products.
