TUSD

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TrueUSD Wobbles Towards $1 Peg Amid Reported Redemption Issues
TUSD went as low as 97 cents as Binance data shows traders apparently sold over $300 million worth.
dollar bill reflected on kitchen counter

Funding (Gerd Altmann/Pixabay)
TUSD Loses $1 Peg Amid Binance's FDUSD Focus: Analyst
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.
Funding (Gerd Altmann/Pixabay)

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TrueUSD Depegs on Binance.US, Drops to 80 Cents Against Tether
TUSD trades at a discount versus Tether as former FTX auditor Armanino's rebranded outlet The Network Firm's association with TrueUSD raises alarm bells on Crypto Twitter.
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TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says
The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.
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Prime Trust (edited by CoinDesk)
TrueUSD Says TUSD Stablecoin Has ‘No Exposure’ to Embattled Prime Trust
Traders are still making multi-million dollar bets on a depeg, however.
Prime Trust (edited by CoinDesk)

Bitcoin Breaks $30,000; Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing Stablecoins
Bitcoin Breaks $30,000; Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing Stablecoins
Jennifer Sanansie gives a news update on "CoinDesk Daily." Bitcoin has broken $30,000 for the first time in over a year amid bullish sentiment in the market following a number...
Bitcoin Breaks $30,000; Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing Stablecoins

Red arrows pointing down falling drop (Getty Images)
Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto Prices
The contraction of the stablecoin market suggests that the crypto market is still in its bear phase, macro analyst Tom Dunleavy said.
Red arrows pointing down falling drop (Getty Images)

TUSD depegged temporarily due to low liquidity. (Kaiko)
TrueUSD's Borrowing Rates Jumped to 100% as TUSD Soared to $1.20: Kaiko
Traders shorted TUSD to capture a 20% upside for the token’s intended $1 peg.
TUSD depegged temporarily due to low liquidity. (Kaiko)

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TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost
The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair.
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Jeremy Allaire, chairman and CEO, Circle (CoinDesk)
USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High
Rival stablecoin tether (USDT) has reached its largest market share since May 2021 and now represents 60% of all stablecoins in circulation.
Jeremy Allaire, chairman and CEO, Circle (CoinDesk)