From payments to DeFi: A closer look at the evolving stablecoin ecosystem
The rise of digital currencies, exemplified by Bitcoin (BTC), brought a groundbreaking shift in the financial landscape. However, it also brought to light a critical challenge: price volatility. Bitcoin and many other early cryptocurrencies exhibited extreme price fluctuations, making ...
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. According to CoinMar ...
TrueUSD (TUSD) becomes the most popular stablecoin for trading volumes on centralized exchanges paired with bitcoin
According to a report by Kaiko, a data analytics firm, TrueUSD (TUSD) has surpassed USDT and BUSD as the most popular trading asset paired with bitcoin on centralized exchanges. This significant shift can be attributed to the aggressive promotion of TUSD by Binance, which has led to a 168% increa ...
TUSD Operator Transfers $1 Billion to Bahamas Following Collapse of Crypto-Friendly US Banks
Bloomberg reports that following the recent collapse of US banks that were favorable to cryptocurrencies, the operator of the fifth largest stablecoin worldwide, TUSD, has transferred $1 billion in assets to the Bahamas. Archblock, which manages approximately $2 billion in reserves to back the Tr ...