TrueUSD Says TUSD Stablecoin Has ‘No Exposure’ to Embattled 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.
TrueUSD
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.
Stablecoin issuer TrueUSD maintains that it is not affected by the current challenges facing 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…
Binance crypto wallets hold some 90% of TUSD’s $3.1 billion market cap, according to blockchain data by Arkham Intelligence.
Binance is introducing zero maker fees for TUSD spot and margin trading pairs and extending BUSD zero maker fees for another six months.
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…
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…
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.
Curious about what could happen since the stablecoin enjoyed an influx of liquidity? Here’s an on-chain overview.
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…