By CryptoNews - 11 months ago - Reading Time: 1 minutes
TrueUSD Loses Dollar Peg Following Minting Suspension with Prime Trust
TrueUSD, a major fiat-collateralized stablecoin, has lost its peg following the announcement that it has suspended minting activities through its technology partner Prime Trust.In early Saturday hours, TUSD started distancing away from its intended $1 peg, dropping to as low as $0.993090 before trimming losses, data by CoinGecko shows.
The stablecoin is currently trading at $0.997351, down by 0.2% over the past day. It is also down by 0.4% over the past week. ...
Read More: TrueUSD Loses Dollar Peg Following Minting Suspension with Prime Trust
Original source: CryptoNews