— SEC, Stablecoins
TUSD up to 99.7% backed by speculative assets despite SEC settlement
Dollar-pegged stablecoin TUSD may still be up to 99.7% backed by speculative assets, despite an SEC settlement that alleged this behavior.
Read more (2 min) →5 stories, newest first
— SEC, Stablecoins
Dollar-pegged stablecoin TUSD may still be up to 99.7% backed by speculative assets, despite an SEC settlement that alleged this behavior.
Read more (2 min) →TrueUSD has de-pegged across both centralized exchanges and DeFi after switching accounting firms for attestations.
TrueUSD disclosed a hack of key customer information at about the same time as it had to disclaim tokens issued by deployers.
— Justin Sun, TUSD
Justin Sun justified his decision to mint over $800M of TUSD and burn them all with just one word: "t-bills."
The market cap of TrueUSD recently doubled to over $2 billion, but the stablecoin is still surrounded by opaque ownership and behavior.