TrueUSD (TUSD) experienced a significant depreciation, dropping to as low as 97 cents, triggered by reports of traders liquidating over $300 million worth of the stablecoin, according to data from Binance. Binance’s announcement on January 15 about farming $MANTA by staking $BNB and $FDUSD, excluding $TUSD, played a pivotal role […]
Tag: TrueUSD
TrueUSD Faces Depegging Amidst Controversies and Market Activity
In a surprising turn of events, the stability of TrueUSD (TUSD) experienced a significant dip, dropping to $0.995. This decline was triggered by several factors, including the resignation of Binance’s former CEO, Changpeng Zhao (CZ), and contentious statements suggesting that terrorists prefer Justin Sun’s Tron over Bitcoin for funding activities. […]
TUSD Price Struggles to Drop to $1 Again as Stablecoin Volatility Remains
The cryptocurrency industry is in the process of dealing with a very peculiar problem right now. Despite Tether’s USDT struggling for stability to regain $1, its TUSD counterpart has a struggle of its own. Over the past day, the currency has struggled not to go over the $1 mark, yet […]
Why Is Everyone Waiting for Tether?
Crypto markets are hard to predict. It’s true. It’s doubtful that Satoshi (whoever he or she may be) would have anticipated the 2017 Bitcoin bubble. However, with so much now in play here and an excessive amount of wealth held by crypto whales and institutions, why are we–the majority of […]
India’s ZebPay Exchange Bypasses INR Ban by Adding TrueUSD Trading
Indian cryptocurrency exchanges face a lot of problems due to the current INR trading ban. ZebPay has come up with a solution in this regard, although it remains unclear how the ban will affect the company as a whole. Offering TrueUSD trading is a very interesting turn of events that may […]