TrueUSD Stablecoin Project Claims "No Exposure" to Prime Trust Amid Financial Crisis
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.
Binance supports converting the new version of TUSD (BEP20) to the old version of TUSD (BEP20)
June 21 (Cointime) -Binance supports converting the new version of TUSD (BEP20) to the old version of TUSD (BEP20), and users can exchange the two versions of TUSD back and forth through Binance. Entity operation step package: deposit TUSD in the Binance account, use the conversion function to enter the token exchange, and then withdraw TUSD to a wallet that supports BSC.
Binance Adds New TUSD Trading Pairs As Volume of ADA and LTC Increases
Binance has announced that TrueUSD (TUSD) will have three new trading pairs on the exchange, including Litecoin (LTC), Cardano (ADA), and Binance USD (BUSD).
Binance CEO Warns Tron Founder Against Using Bots for LaunchPool, While Tron Clarifies TUSD Deposit Purpose and Refunds Wrongly Used Funds
Binance CEO CZ has publicly warned Tron founder Justin Sun against using bots to grab Binance's LaunchPool Sui token.
