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<p>An Ethereum user took advantage of TrustToken's temporary halt on minting and redemption of TrueUSD (TUSD) stablecoin. The user used Aave's v2 lending platform to deposit 7.5 million USDC as collateral, then borrowed 4 million TUSD and sold it for USDC to establish a short position. TrustToken suspended TUSD minting through its custodial partner, Prime Trust, due to regulatory issues. BitGo had planned to acquire Prime Trust but canceled the acquisition. Binance's adoption of TUSD increased its popularity. TUSD is now the fifth-largest <a href="https://www.coingabbar.com/en/crypto-currency-news/curve-finances-stablecoin-mints-22m-dollars-since-mainnet-launch" rel="noopener noreferrer nofollow">stablecoin </a>with a market capitalization of over $3.1 billion.</p>

Trader Seizes Opportunity with $4M Short on TrueUSD

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