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TrueUSD
TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says
The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.
Bitcoin Breaks $30,000; Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing Stablecoins
Jennifer Sanansie gives a news update on "CoinDesk Daily." Bitcoin has broken $30,000 for the first time in over a year amid bullish sentiment in the market following a number of traditional finance (TradFi) players pushing further into crypto. Plus, Federal Reserve Chairman Jerome Powell argues for strong central-bank oversight in stablecoin regulations, saying "the ultimate source of credibility in money is the central bank," in front of the House Financial Services Committee. Separately, crypto exchange Binance will expand its zero-fee trading promotion to all trueUSD (TUSD) trading pairs starting June 30. And, decentralized finance (DeFi) infrastructure provider, Maverick Protocol, has raised $9 million in funding.
Binance Will Expand Zero-Fee Trading on TrueUSD after Minting $1B of TUSD
Binance crypto wallets hold some 90% of TUSD’s $3.1 billion market cap, according to blockchain data by Arkham Intelligence.
TrueUSD's Bitcoin Trading Volume Nears Tether’s on Binance but Traders Hesitate to Use the Token
Binance assigned a zero fee discount to the BTC-TUSD trading pair last month, waiving the promotion from Tether’s USDT.
TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost
The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair.
TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure
Stablecoin issuer says USD funds held at Signature bank are now fully backstopped by Fed.
Former Accounting Team of FTX US Auditor Armanino Sets Up Shop as The Network Firm
The episode highlights yet another chokepoint for the blockchain industry: It's become harder for crypto startups to enlist big accounting firms to do audits and asset attestations.
Chainlink, TrueUSD Start Real-Time ‘Mint Lock’ Verification of Stablecoin Reserves
The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD.
TrueFi’s TRU Token Rallies Over 200% After Binance’s TUSD Mint Sparks Speculation
The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is.
Justin Sun Moved $6M Stablecoins From TrueFi Lending Pools Before FTX-Alameda Bankruptcy
Bankrupt trading firm Alameda Research has $7.2 million in outstanding debt from a TrueFi credit facility.
