Latest News

Some companies, however, are reporting redeem issues.

TUSD went as low as 96 cents as Binance data shows traders apparently sold over $300 million worth in the past 24 hours.

TrueUSD's depegging on January 15 caught the attention of the crypto community, prompting concerns and speculation. However, the TrueUSD (TUSD) team has clarified the reasons behind its recent depegging from the US dollar, attributing it to activities on Binance Launchpool.

Justin Sun-linked stablecoin TrueUSD (TUSD) has continued to depeg, hitting a low of $0.97 as traders continue to dump the stablecoin in favor of USDT.

Stablecoin TrueUSD (TUSD) dropped to a point of around $0.9708 on Thursday morning in Asia. TUSD has since slightly recovered.

The TrustToken-issued stablecoin experienced a significant decline, dropping to $0.985 from its one-dollar peg.

Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99 mark.

TUSD experienced a decline to $0.985, signifying its second deviation from the $1 peg within the past two months.

In particular, the last 24 hours have seen a negative deficit of $142 million.

TrueUSD (TUSD) stablecoin experienced wild volatility the past day as it fell below the $1 peg amid its declining supply. Data from CryptoSlate shows that the stablecoin fell to as low as $0.984 during the reporting period and has yet to regain its peg as of press time.

In the past few hours, TrueUSD (TUSD), the stablecoin associated with Justin Sun, experienced a concerning depegging, falling below its fixed value of $1. This event, which took place around 11:00 am UTC on January 15, marked a significant decline, with TUSD reaching a minimum of $0.984 by 11:15 pm and currently trading at $0.988.

In a surprising turn of events, TrueUSD (TUSD), the stablecoin issued by TrustToken, has experienced a significant de-pegging, making it the first stablecoin of 2024 to face such a challenge. The sharp decline in value for the second time in recent months, fueled by whale actions and market dynamics, has intensified discussions about stablecoin vulnerabilities,

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.