June 22 (Cointime) - TrueUSD, a stablecoin project, has confirmed that it has no exposure to Prime Trust, a crypto services company that has halted all fiat and crypto deposits and withdrawals following an order from state financial regulators. TrueUSD has stated that it no longer uses Prime Trust to mint or redeem the TUSD stablecoin and has multiple USD rails elsewhere. The volatility of TUSD has affected loan markets, with the variable borrow rate for TUSD being over 30% APR on Aave v-2, the largest on-chain lending facility for TUSD. Traders are still betting on TUSD depegging in a major way, with one placing a multi-million dollar short on TUSD just before TrueUSD's statement.