Tags: trueusd

The stablecoin ecosystem has evolved significantly over the years, with new regulations and models shaping the landscape.

TrueUSD‘s Client Data Exposed in Third-Party Security Breach

In an official statement, cryptocurrency exchange Binance unveiled its plans to implement updates to the zero-fee Bitcoin trading starting from September 7.

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

TrueUSD Loses Dollar Peg Following Minting Suspension with Prime Trust

The recent depeg comes as TrueUSD team announced a pause on TUSD minting through Prime Trust until further notice.

Stablecoin market shrinks for the 14th month, raising concerns for cryptocurrency prices and liquidity.

The pair achieved the feat in less than a month.

TUSD and USDT in BTC trading on Binance (Kaiko)

Stablecoin issuer says USD funds held at Signature bank are now fully backstopped by Fed.

The USD Coin depeg led the DeFi protocol to experience a record-breaking daily trading volume as crypto whales fight for assets.

The episode highlights yet another chokepoint for the blockchain industry: It‘s become harder for crypto startups to enlist big accounting firms to do audits and asset attestations.

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.”

The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is.