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True USD's Liquidity and Pricing Examined Amid Increasing Short Interest and Exposure to Troubled Digital Asset Company Prime Trust

June 29 (Cointime) - Traders are closely watching the liquidity and pricing of True USD (TUSD) stablecoin as short interest rises. Recent reports show that TUSD has a $26,000 exposure to Prime Trust, a digital asset on- and off-ramp company that has been placed under receivership by Nevada regulators.

The minting and redemption mechanisms for TUSD tokens have become unclear, causing some users to experience difficulties, and TUSD's price has fallen and depegged from the US dollar. However, interest in stablecoin-based lending remains strong.

It is advised to wait and observe if minted assets are being returned to the blockchain due to Prime Trust and if they can prevent this from happening.

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