November 23, 2024

Rise To Thrive

Investing guide, latest news & videos!

TrueUSD stops minting via Prime Trust, loses dollar peg

1 min read
TrueUSD stops minting via Prime Trust, loses dollar peg

Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting activities through its technology partner Prime Trust. 

The fifth-largest stablecoin by market capitalization traded at $0.9964 at its deepest point.