TrueUSD (TUSD) has halted the minting of TUSD stablecoin tokens via fintech infrastructure provider, Prime Trust, causing a brief depegging. TrueUSD pauses minting of TUSD on Prime Trust In a June 10 post on its verified Twitter account, TrueUSD informed its users that...
On May 3, an unidentified address burned 405m TUSD, equating to 16.2% of the stablecoin’s $2.51b reserves, on Tron (TRX). The incident was a source of curiosity across the board. Here’s an analysis of this transfer, the community’s response, and potential ramifications for...