November 24, 2024

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TrueUSD stops minting via Prime Trust, loses dollar peg

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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.