Bitcoin24h $65,950.94-0.61%

Ethereum24h $1,982.72-0.61%

BNB24h $605.57-1.03%

XRP24h $1.33-0.46%

Solana24h $81.29-0.95%

TRON24h $0.3223+1.94%

Dogecoin24h $0.0904-0.63%

Hyperliquid24h $38.10-3.74%

Bitcoin Cash24h $448.59-6.83%

UNUS SED LEO24h $9.65+0.72%

Is HTX redeeming 80% of TrueUSD?

HTX has sent $406 million of the $502 million total TrueUSD to new addresses in the last few months, perhaps pending redemptions.

TrueUSD firms dodge fraud claims with SEC settlement

TrueCoin and TrustToken have settled SEC charges of misrepresenting TrueUSD as 1:1 backed after funds were sent to a speculative, risky fund.

FINMA claims that FlowBank “no longer has sufficient capital for its operations as a bank” and says it’s worried the bank is “over-indebted.”

This dramatic fall in the market cap of TrueUSD follows Binance’s delisting of several TrueUSD pairs on March 15.

TrueUSD, a dollar-pegged stablecoin connected to Justin Sun, have paused its attestations, citing a ‘balances’ issue.