News with the tag "TrueUSD"

Curve Finance has revealed its plans to yank off TrueUSD as one of the collateral for its stablecoin amid recent SEC crackdown The post Curve Finance to Remove TrueUSD as Collateral for its Stablecoin appeared first on TheCoinrise.com .

“crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.

The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment.

TrustToken and TrueCoin – now rebranded and under the umbrella of Archbock Inc. – settled accusations that they knowingly misrepresented the backing of the TrueUSD {{TUSD}} stablecoin and offered securities tied to it without properly registering, the U.S. Securities and Exchange Commission said in ...

The US Securities and Exchange Commission (SEC) has announced charges settlement with TrustToken, the issuer of the TrueUSD stablecoin. TrustToken and TrueCoin were both named in the settlement as the markets regulator said they offer unregistered securities to investors. US SEC and the TrueUSD Gene...

Binance head Richard Teng says the exchange is in “close touch” with its customers regarding the bankruptcy of FlowBank, which stored the exchange’s clients trading collateral. Cryptocurrency exchange Binance seems unaffected by FlowBank‘s bankruptcy, following the Swiss regulator’s announcement on…

Binance, the world’s largest cryptocurrency exchange, announced the delisting of several spot trading pairs due to poor liquidity and trading volume. This decision is part of Binance’s periodic review process aimed at maintaining a high-quality trading environment for its users. Moreover, the affect...

Stablecoin TrueUSD (TUSD) affiliated with Justin Sun lost nearly 80% in market capitalization after crypto exchange Binance removed several trading pairs with it. TrueUSD (TUSD), a stablecoin issued by the TrustToken platform, which currently operates as Archblock, declined by 78.9%…

Coming as an effort to revolutionize crypto offerings for users, Binance, the world’s leading cryptocurrency exchange, has revealed its latest update on the cessation of support of specific spot trading pairs. In an official statement released on May 15, ‘to protect users and maintain a high-quality...

Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease in its supply. As of March 19, 2024, the circulation was approximately 1.1 billion TUSD, which then plummeted to just 612 million. Supply Slash Sees TUSD Fall From Top 5 Stablecoin Rankings to 8th Position Previously ra...