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Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement

[Sep 25 8:30 PM] Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged…

Curve mulls dropping TUSD as crvUSD backing after SEC charges

[Sep 25 7:25 PM] The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve's stablecoin.

Trusttoken, Truecoin Settle SEC Charges Over Misleading TUSD Claims

[Sep 25 5:30 AM] The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the…

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…

$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…

Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

[Feb 16, 2023 8:22 PM] Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”