The TUSD stablecoin continues to lose its peg to the dollar
The rate of the TUSD stablecoin fell to $0.97. During the week, the asset price decreased by 1.30%.
On the night of January 15-16, 2024, the TrueUSD (TUSD) stablecoin lost its peg to the US dollar. Since then, the asset has not only not returned to the $1 mark, but also continued to fall. At the time of writing, the rate of the "stable coin" is $0.97:
Note that over the past week, TUSD has lost 1.30% in price, and over the day this indicator has decreased by 0.17%.
Also, in 24 hours, traders on the Binance cryptocurrency exchange sold TUSD worth more than $ 25 million, while purchase orders reached $21.6 million. The net outflow of stablecoins from the platform amounted to $3.4 million.
Recall that on January 10, 2024, information appeared that the issuer of the TrueUSD stablecoin was having difficulty publishing confirmations of its reserves in real time. Already on January 17, the TrueUSD team announced that it had "completely updated its audit system for fiat reserves" in partnership with the accounting firm MooreHK. However, by that time, the asset had already lost its peg to the US dollar.
Source: https://incrypted.com/stejblkoin-tusd-prodolzhaet-teryat-privyazku-k-dollaru/
