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Amidst concerns of undercollateralization and significant selling pressure, TrueUSD (TUSD), a stablecoin linked to Justin Sun, has seen its value drop below its intended $1 peg. The depegging event occurred around January 15, 11:00 am UTC, with TUSD plummeting to as low as $0.984 by 11:15 pm.
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.
Stablecoin TrueUSD (TUSD) has lost its peg to the U.S. dollar. According to Chainlink, on Jan. 16, TUSD was trading at $0.985.
TrueUSD experienced a significant depeg event yesterday, sparking backlash across exchanges and social media.
TUSD dropped to $0.985 on Tuesday morning in Asia, with Binance's TUSD-USDT pair recording a net outflow of $66.1 million, data showed.
TUSD tumbled as low as $0.984 on Jan. 15, amid reports that holders are cashing out for USDT and reported difficulties posting real-time attestations of its reserves.
Justin Sun-backed dollar-pegged stablecoin TrueUSD is facing difficulties with attestations for its underlying reserves.
In a bid to enhance transparency and trust in its operations, the stablecoin TrueUSD (CRYPTO: TUSD) Thursday announced a partnership with accounting firm Moore Hong Kong (MooreHK), that will provide daily attestation services. The goal is to bolster confidence among stakeholders and token holders starting in late January 2024.
TUSD has engaged accounting firm Moore Hong Kong (MooreHK) for daily fiat reserve attestation services.
TrueUSD (TUSD), the critical stablecoin in the cryptocurrency market, has taken a notable step to ensure the transparency of its financial reserves. The company has partnered with Moore Hong Kong (MooreHK), an established accounting firm, to provide daily assurance services.
TrueUSD (TUSD) has taken a significant step towards transparency and trust by teaming up with Moore Hong Kong (MooreHK), a renowned accounting firm established since 1975.
TrueUSD (TUSD), a leading stablecoin, has partnered strategically with Moore Hong Kong (MooreHK), a renowned accounting firm. This collaboration is set to begin in January 2024, marking a significant step in TUSD's commitment to transparency and trust within the industry.
In a significant move to enhance transparency and trust, TrueUSD (TUSD) has partnered with Moore Hong Kong (MooreHK), a leading accounting firm with a rich legacy dating back to 1975. Starting January 2024, MooreHK will conduct daily attestations, providing stakeholders and TUSD token holders with detailed reports, reinforcing TUSD's commitment to reliability and industry leadership.
The stability of TrueUSD (TUSD) was disrupted lately, with its value dropping to $0.995 due to multiple factors.
TrueUSD (TUSD), a stablecoin with a market cap exceeding $3.1 billion, has faced a significant de-pegging, dropping to as low as $0.995. This downturn coincided with the exit of Changpeng “CZ” Zhao as the CEO of Binance, the world's largest cryptocurrency exchange.
TrueUSD (TUSD) stablecoin depegs and dropped to a low of $0.995 amid various factors including large sell orders after Changpeng “CZ” Zhao stepped down as Binance's CEO and after Reuters reported that terrorists prefer Justin Sun's Tron to Bitcoin for facilitating terror financing. Currently, TUSD price trades at $0.997 after trying to repeg.
TrueUSD (TUSD), a stablecoin with a market cap exceeding $3.1 billion, appears “shaky” and briefly depegged on November 22, dropping to as low as $0.9976 before restoring its peg. The temporary depeg was attributed to a deluge of selling orders, according to Kaiko, a blockchain analytics firm.
Tron blockchain TUSD peg decreased slightly in the past few hours amidst growing uncertainties surrounding the Tron blockchain, raising concerns within the crypto community.
FDUSD's stablecoin market share spectacularly lifts to 16%, trailing market leader and largest stablecoin by market cap, USDT.
ChainArgos, a leading blockchain intelligence firm, recently highlighted concerns over the potential compromise of TrueUSD's private keys. This revelation emerged after TEURO, a cryptocurrency contract, was found to have been deployed using one of TrueUSD's private keys.
Did TrueUSD fully disclose the security breach? ChainArgos suggests a complex situation with TEURO using TrueUSD's private keys.
TrueUSD (TUSD) has distanced itself from speculations that an address associated with it was involved in the issuance of TrueEURO (TEURO), a purported Euro-based stablecoin. In an Oct.
In the intricate realm of content creation, three pivotal elements demand attention: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy woven into the fabric of text.
ecent developments have unfolded concerning the popular cryptocurrency, TrueUSD (TUSD), suggesting a potential exposure of sensitive customer data. The revelation came to light when TrueCoin, the entity behind TUSDs operations until July 13, 2023, was alerted by a security team from one of their third-party vendors.
