- USDT lost its 1:1 to the dollar, after which it never recovered
- There are rumors of serious financial problems at Prime Trust
- Assets of the company are interested in BitGo
On the morning of Saturday, June 10, TrueUSD announced the suspension of its TUSD $1 True USD TUSD 0.2% Market cap $2b Vol.. 24Н $1.4b Exchange partner
посредством Prime Trust. This is most likely due to the fact that the firm has encountered serious financial problems and is in the process of selling.
“We would like to assure our clients, partnership agreements with other financial service providers remain in force. You can still conduct transactions without any obstacles,” the release said.
The company emphasized that the current situation has not affected the solvency of TrueUSD in any way.. Users can continue to mine TUSD as well as exchange the cryptocurrency on the open market.
It should be noted that Prime Core Technologies, which owns Prime Trust, is in the process of selling. The likely buyer is BitGo Holdings, but the deal has not yet been finalized.</nbsp;
It is worth noting that last week it was reported online that the Prime Trust service provider was facing serious financial problems. The firm is also closely tied to Binance.US, which has fallen out of favor with federal authorities.
Anyhowever, the TUSD lost direct correlation to the dollar on Saturday morning. At the moment, stablecoin was trading at $0.9964. At the time of writing, the rate leveled off to $0.9989.
The token has repeatedly fallen below the $1 mark in the past few months:
.