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 was hacked and issued fake tokens

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.

Justin Sun-linked stablecoins, including TUSD, have been struggling amid rumors that Prime Trust had paused minting and redemptions.