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The TrueUSD (TUSD) stablecoin has temporarily paused its automated attestations due to possible balance discrepancies. The stablecoin project also encountered some glitches last week.
Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars' worth of tokens to its existing supply.
Hong Kong's Financial Secretary confirmed that the country's digital initiative Cyberport has attracted over 150 web3 firms. Cyberport is managed by the wholly owned subsidiary of the Hong Kong SAR Government.
Curious about what could happen since the stablecoin enjoyed an influx of liquidity? Here's an on-chain overview.
The Venus Protocol has officially launched its VIP-129 governance proposal that focuses on migrating the TUSD contract on the BNB Chain
The combined market cap of the top 6 stablecoins increased significantly as TrueUSD (TUSD) reached $3 billion for the first time, according to Santiment data.
Key Points: Famous crypto player Justin Sun has announced he will donate 10,000 TUSD to crypto detective ZachXBT as he faces a defamation lawsuit. An hour ago, Justin Sun, founder of TRON and a Huobi's Global Advisory Committee member, announced on Twitter that he would be donating 10,000 TUSD to ZachXBT.
In recent updates, the TrueUSD (TUSD) team has announced that they are actively engaged in efforts to resume TUSD minting on Prime Trust. This announcement was made following an unexpected pause in TUSD minting via Prime Trust, an event that took place on June 10.
TrueUSD (TUSD) has regained parity with the U.S. dollar. The stablecoin lost true parity with the US Dollar on June 10 amid mounting community concerns over its minting and redemption activities.
TrueUSD, the prominent stablecoin, has made the unexpected decision to suspend its token creation via Prime Trust, leading to speculation and uncertainty within the industry. While the move has raised questions, TrueUSD has reassured users that it maintains strong relationships with other banking counterparts, ensuring uninterrupted transactions.
The recent depeg comes as TrueUSD team announced a pause on TUSD minting through Prime Trust until further notice.
In a surprising move, TrueUSD (TUSD), the major issuer of the popular stablecoin, has temporarily suspended the minting of TUSD tokens through its long-standing partner, Prime Trust. The decision, effective immediately, has left market participants speculating about the reasons behind this unexpected development.
TrueUSD (TUSD), the fifth-largest cryptocurrency by market capitalization, briefly lost its peg earlier today. Peckshield Alert shared a TUSD chart that showed the moment TUSD deviated from its dollar parity and printed a long red candlewick.
In a fresh blow to Binance, the world's largest cryptocurrency exchange, TrueUSD (TUSD) has announced a pause in its minting process through crypto custodian Prime Trust.
In a June 10 post on its verified Twitter account, TrueUSD informed its users that the minting of TUSD tokens via Prime Trust has been temporarily paused until further notice
The world's largest crypto exchange Binance witnessed massive liquidation on Saturday after the US Securities and Exchange Commission (SEC) brought 13 charges against the exchange and CEO Changpeng “CZ” Zhao earlier this week. However, troubles for Binance continue to rise as TrueUSD (TUSD) minting via crypto custodian Prime Trust is paused.
TrueUSD officially announced that it has temporarily stopped minting TUSD through Prime Trust, pending further notice.
In a surprising turn of events, TrueUSD (TUSD), a staple in the stablecoin market, has deviated from its peg to the US Dollar.
In a recent official statement on May 30th, Binance, the world's largest cryptocurrency exchange, revealed that TrueUSD (TUSD) would be integrated with three new trading pairs. The announcement outlined the addition of Litecoin (LTC), Cardano (ADA), and Binance USD (BUSD) as pairs linked with the stablecoin.
As of this writing, TUSD ranked as the number 31 asset in market capitalization.
The ARB/TUSD trading pair on Binance experienced a sudden drop to 0.35 TUSD, highlighting insufficient short-term trading depth. The trading volume of ARBs reached an impressive 724,000 units.
Allegations of TUSD's ties to Justin Sun and the subsequent transfer of $56 million have caused a stir. TRX remains unaffected, while TUSD's trading volume remains steady.
After TUSD suddenly rocketed to $1.20 on Monday, DeFi traders pushed lending rates for TrueUSD, the centralized stablecoin preferred by Binance following a regulatory crackdown on its own BUSD token into the triple digits. TUSD momentarily soared to $1.20 on Binance while drifting closer to $1.03 on competing exchanges, according to Kaiko statistics.
On May 3, an unidentified address burned 405m TUSD, equating to 16.2% of the stablecoin's $2.51b reserves, on Tron (TRX)
