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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.

TrueUSD changes accounting firms… and then de-pegs

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 justified his decision to mint over $800M of TUSD and burn them all with just one word: “t-bills.”

TUSD is still attested for, yet other stablecoins TAUD, TGBP, and TCAD are unattested due to unclear information provided to auditors.