TUSD

The SEC reveals that nearly all of TrueUSD’s reserves were invested in a risky offshore fund

The U.S. Securities and Exchange Commission (SEC) has determined that TrueCoin LLC and TrustToken Inc., the developers of the TrueUSD (TUSD) stablecoin, allocated nearly all of their reserves to a high-risk offshore fund. The companies inaccurately asserted that TUSD was entirely backed by U.S. dollars, deceiving investors on the security of their capital. Between November 2020 and April 2023, they marketed TUSD via its TrueFi lending platform, promoting it as

Binance to remove trading pairs that include TrueUSD (TUSD) of Justin Sun

Binance exchange has announced the removal of many trading pairings that include TrueUSD (TUSD), a stablecoin associated with Tron creator Justin Sun. The decision to delist certain pairings is part of Binance’s normal assessment process to protect user safety and preserve the integrity of the trading ecosystem. The delisting of spot trading pairs is mostly caused by insufficient liquidity and trading volume. Nevertheless, the crypto exchange has made it clear