TUSD Brags About Volume ‘Milestone’ After Stablecoin Depegs
The TrueUSD team touts its high trading activity while holders fret over troubles at custodian Prime Trust.
TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says
The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.
TrueUSD Depegs on Binance.US, Drops to 80 Cents Against Tether
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.
TUSD stays unbothered despite these ongoing troubles around
True USD (TUSD) stands strong amidst Prime Trust turmoil, assuring users of uninterrupted operations, while some concerns arise regarding redemptions and transparency.
Trader takes $4M short position on TrueUSD as issuer halts mints and redemptions
An Ethereum user used Aave’s v2 lending platform by depositing 7.5 million USDC as collateral.
Trader Takes Advantage of TrueUSD’s Banking Woes, Opens On-Chain Short Position
Recently, a trader has made a strategic move by opening an on-chain short position on TrueUSD (TUSD), a stablecoin. This decision came after the issuer faced challenges with its banking…
Traders Attempt To Short TUSD Following Prime Trust Insolvency
Traders are attempting to short the TUSD stablecoin amidst reports of the stablecoin issuer’s connection with crypto custodian Prime Trust. The TrueUSD issuer has stated that it does not have…
TrueUSD maintains it has no exposure to Prime Trust despite community claims
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 (TUSD) Remains Unaffected by Prime Trust Suspension of Deposits and Withdrawals
The TUSD stablecoins issuer confirmed to the users that it had no exposure to Prime Trust and that all funds are safe.
TUSD under attack following Prime Trust insolvency
Traders are rushing to short stablecoin TrueUSD.
