TrueUSD assures users it has no exposure to troubled Prime Trust
Stablecoin issuer TrueUSD maintains that it is not affected by the current challenges facing Prime Trust.
Auto Added by WPeMatico
Stablecoin issuer TrueUSD maintains that it is not affected by the current challenges facing Prime Trust.
After a dip of over $1 billion in the past 30 days, BUSD now sits at the fourth position in market capitalization among stablecoins.
The top 100 DeFi tokens had another bearish week, with the majority of tokens trading in the red.
The stablecoin pool ideally has a weightage of 33.3% of USDT, USDC and DAI; however, on June 15, the USDT weightage rose above 70% in the pool.
The move is Tether’s second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion.
The recent depeg comes as TrueUSD team announced a pause on TUSD minting through Prime Trust until further notice.
The draft bill is set to go before the House Committee for discussion on June 13, and if approved by the House and the Senate, it could become the first…
The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Crypto.com.
El Salvador’s plans to build a billion dollar renewable energy precinct has found a first-round investor in stablecoin issuer Tether.
The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation.