June 28 (Cointime) - The team behind TrueUSD is promoting its trading volume despite the recent depegging of the stablecoin from the US dollar, which has caused concern among holders. TUSD's value fell to 80 cents on Binance US before stabilizing around 90 cents.

A wallet on the Tron blockchain dumped nearly $74 million in TUSD, contributing to a $100 million loss in market capitalization. The situation appears relatively stable due to Bitcoin-TUSD trades and support from Binance, but concerns around TUSD's banking partner, Prime Trust, have caused a confidence crisis. TrueUSD initially downplayed the situation but has since suspended minting and redemption of TUSD.