1 / 2 Relevant items tagged with #TrueUSD

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Curve Finance Mulls Removing TrueUSD as Collateral for Stablecoin Curve USD

[Sep 26 9:23 AM] “crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.

SEC settles charges against TrueCoin, TrustToken over TrueUSD 

[Sep 24 7:20 PM] The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment.

TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing

[Sep 24 7:16 PM] TrustToken and TrueCoin – now rebranded and under the umbrella of Archbock Inc. – settled accusations that they knowingly misrepresented the backing of the TrueUSD {{TUSD}} stablecoin and offered securities tied to it without properly registering…

TUSD’s Supply Halves as It Drops to 8th Rank Among Stablecoins

[Mar 24 7:05 AM] Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease in its supply. As of March 19, 2024, the circulation was approximately 1.1 billion TUSD, which then plummeted to just 612 million. Supply Slash Sees TUSD Fall From Top…

Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights

[Jan 25 12:30 PM] Market analysis reveals ongoing stability challenges for the stablecoin trueusd in maintaining its targeted $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan. 25, 2024, the token’s trading value fluctuated between $0.979 and $0.981…

TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold

[Jan 16 11:30 AM] 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…

$3.1 Billion TUSD Stablecoin Shaky, Briefly Depegs—What’s Happening?

[Nov 27, 2023 9:00 PM] 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…

From payments to DeFi: A closer look at the evolving stablecoin ecosystem

[Oct 31, 2023 7:01 AM] The stablecoin ecosystem has evolved significantly over the years, with new regulations and models shaping the landscape.

What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat

[Sep 9, 2023 10:00 PM] Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat…

Binance's zero-fee Bitcoin update could echo March downturn

[Aug 24, 2023 7:59 AM] In an official statement, cryptocurrency exchange Binance unveiled its plans to implement updates to the zero-fee Bitcoin trading starting from September 7.

Stablecoin TrueUSD To Be Fully Controlled By Asian Owner

[Jul 15, 2023 8:00 PM] In today’s news, the prominent stablecoin TrueUSD – with the ticker TUSD – is now undergoing a management change.  According to a thread this morning by the project’s official Twitter handle, Archblock Inc., the current TUSD…

Stablecoin TrueUSD Owner Techteryx to Take Full Control of Operation

[Jul 14, 2023 5:35 AM] Techteryx assumed "full management full management of all offshore operations and services related to TUSD," on July 13.

Crypto Markets ‘Highly Dependent’ on Stablecoins Lacking Transparency, TUSD Poses Risk: Kaiko

[Jul 13, 2023 10:57 AM] The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.

Top Stablecoins See Steady Decline Over Past Month as Dollar-Pegged Token Economy Shrinks

[Jul 12, 2023 12:00 PM] The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD’s supply has dropped below the 4 billion mark as the…

Crypto Market Trade Volume Hits Lowest Point Since 2020 Amid Market Turbulence

[Jul 5, 2023 1:00 PM] In recent months, the crypto markets have witnessed significant turbulence leading to the lowest quarterly trade volume since 2020. Amid varying economic factors, a bearish perception of investors toward cryptocurrencies and the broader economic…

Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June

[Jul 2, 2023 3:30 PM] The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token…

Prime Trust Is Having a Bad Month

[Jun 29, 2023 12:46 PM] Prime Trust may be taken over by the state of Nevada, and the situation seems alarming.

TrueUSD Depegs on Binance.US, Drops to 80 Cents Against Tether

[Jun 28, 2023 12:25 AM] TUSD trades at a discount versus Tether as former FTX provider Armanino's rebranded outlet The Network Firm's association with TrueUSD raises alarm bells on Crypto Twitter.

TrueUSD’s Reserves Were Attested by Former FTX.US Accounting Team

[Jun 27, 2023 11:49 PM] Armanino’s digital asset team rebranded itself to The Network Firm, as CoinDesk reported, to continue performing audits and attestations after the collapse of FTX.

TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says

[Jun 27, 2023 12:44 PM] The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.

TrueUSD assures users it has no exposure to troubled Prime Trust

[Jun 22, 2023 1:10 PM] Stablecoin issuer TrueUSD maintains that it is not affected by the current challenges facing Prime Trust.

Binance Will Expand Zero-Fee Trading on TrueUSD after Minting $1B of TUSD

[Jun 21, 2023 7:35 AM] Binance crypto wallets hold some 90% of TUSD’s $3.1 billion market cap, according to blockchain data by Arkham Intelligence.

TUSD Emerges Strong: 1 Billion Injection Bolsters Supply Amidst Declining Stablecoin Market

[Jun 21, 2023 3:09 AM] 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. Binance’s dominance in TUSD…

TrueUSD stops minting via Prime Trust, loses dollar peg

[Jun 10, 2023 12:47 PM] The recent depeg comes as TrueUSD team announced a pause on TUSD minting through Prime Trust until further notice.

TrueUSD's Bitcoin Trading Volume Nears Tether’s on Binance but Traders Hesitate to Use the Token

[Apr 14, 2023 4:26 PM]

TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost

[Mar 31, 2023 3:44 PM] The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair.

Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions

[Mar 30, 2023 11:30 AM] Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD…

Curve Finance trading volume reaches $7B historic high after USDC depeg

[Mar 11, 2023 12:19 PM] The USD Coin depeg led the DeFi protocol to experience a record-breaking daily trading volume as crypto whales fight for assets.

Binance USD market cap falls below $10B amid rising regulatory concerns

[Mar 2, 2023 11:34 PM] As it stands today, BUSD's market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022.

TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting

[Feb 22, 2023 11:30 PM] On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over…