TUSD

TrueUSD pauses minting of TUSD via Prime Trust, stablecoin briefly depegs

0xMain
June 10, 2023

briefly, depegs, Hacking, minting, pauses, Prime, stablecoin, TrueUSD, trust, TUSD

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...

Whale burns $405m TUSD, critics suspect price manipulation attempt

0xMain
May 4, 2023

405m, attempt, burns, critics, Hacking, manipulation, price, suspect, TUSD, whale

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...