Latest News

Traders are rushing to short stablecoin TrueUSD.

On June 21, Bitcoin (BTC) surged past the $30,000 mark for the first time in two months, a significant milestone for the volatile cryptocurrency. This rally contributed to an uptick in derivatives trading, increased spot trading, and increased coins withdrawn from exchanges, as identified in a recentCryptoSlate Alpha insight.

The TUSD stablecoins issuer confirmed to the users that it had no exposure to Prime Trust and that all funds are safe.

TrueUSD (TUSD) stated in a June 22 Twitter post that it is not affected by the issues faced by crypto custodial firm Prime Trust.

TrueUSD has swiftly moved to restore confidence in its dollar-backed TUSD stablecoin after Nevada-based Prime Trust, a crucial technology partner, faced regulatory hurdles. Prime Trust's abrupt suspension of all fiat and cryptocurrency deposits and withdrawals, following state financial regulators' orders, left many clients stranded and concerned about their funds.

Stablecoin issuer TrueUSD maintains that it is not affected by the current challenges facing Prime Trust.

Stablecoin project TrueUSD said Thursday it had “no exposure” to embattled crypto services company Prime Trust as it raced to shore up confidence in its dollar-backed TUSD.

Binance has announced a new zero-fee promotion for TrueUSD (TUSD) trading pairs. However, this strategic move, scheduled to commence on June 30, 2023, is predicted to stimulate the crypto-market dynamics by extending its feeless trading opportunity to a wider audience.

Binance is introducing zero maker fees for TUSD spot and margin trading pairs and extending BUSD zero maker fees for another six months.

Binance crypto wallets hold some 90% of TUSD's $3.1 billion market cap, according to blockchain data by Arkham Intelligence.

Binance, the world's biggest exchange, has launched a new zero-maker fee offer for TUSD spot and margin trading pairings.

On June 16, TUSD supply surged by 52%! The difficulties the dollar-pegged token economy was facing were recently brought to light when significant redemptions caused its market valuation to drop to a 20-month low.

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.