WuBlockchain Weekly：Some OTC merchants reject TRC20 USDT、Genesis owes over $3B to creditors and Top10 News
Top10 News 1. Some OTC merchants reject TRC20 USDT link Recently, some OTC merchants in the Chinese market said that they no longer accept TRC20 USDT, and need users to go to the exchange to exchange for ERC20 USDT before trading. It is suspected to be related to the Justin Sun and TRON FUD spread by the community. Regarding the reason why OTC merchants refused to accept TRC20 USDT, there is an explanation that it did not meet the anti-money laundering requirements of tools such as Chainalysis, so it was reject ed by institutions and relatively compliant OTC merchants . Justin Sun responded that one of the key features that sets USDT-TRC20 apart from other stablecoins is its decentralization, enough to ensure that no single entity controls the flow of funds, reducing the risk of any potential attacks or breaches. 2. DCG & Genesis’ weekly summary a. Gemini founder releases open letter asking DCG to remove Barry Silbert as CEO link The founder of Gemini issued the latest open ...