TrueUSD Stablecoin (TUSD) Depegged To $0.985 Amid Selloff
The TUSD stablecoin depegged to $0.985 on Tuesday morning Asia time, according to Coinstats data. Stablecoin TrueUSD (TUSD) dropped below its $1 peg.
The TUSD stablecoin depegged to $0.985 on Tuesday morning Asia time, according to Coinstats data. Stablecoin TrueUSD (TUSD) dropped below its $1 peg.
With the failure of Silicon Valley Bank, investors loaded their bags with USD Coin $1.00, resulting in a fund flight from controlled exchanges.
Circle, a blockchain payment technology startup that also issues USD Coins, acknowledged on March 10 that wire transfers initiated on Thursday to remove.