TrueUSD

<ul class="news-points"> 
 <li><strong>TUSD (TrueUSD) showed signs of depegging from its 1:1 parity with the US dollar, trading at approximately $0.98535493.</strong></li> 
 <li><strong>Binance chose not to include TUSD staking in its latest launchpad, receiving mixed reactions from the crypto community.</strong></li> 
 <li><strong>The TUSD/USDT pair on Binance reported a selling volume of $377.2 million.</strong></li> 
</ul> 
<p>A trader and X user with the handle TheSkyhopper shared a dry remark on the risks of stablecoins with their followers today: “Crypto just isn’t right without an annual stablecoin depegging event or three.”</p> 
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   <p lang="en" dir="ltr">Crypto just isn't right without an annual stablecoin depegging event or three. <a href="https://twitter.com/search?q=%24TUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$TUSD</a> getting hammered as its implied that redemptions are throttled and <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@binance</a> didn't include TUSD staking on the new launchpad. <a href="https://t.co/0wqORcysdI" target="_blank" rel="nofollow">pic.twitter.com/0wqORcysdI</a></p>— TheSkyhopper (@TheSkyhopper) <a href="https://twitter.com/TheSkyhopper/status/1747070899948597431?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 16, 2024</a>
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<p>The trigger for this post was TUSD’s recent price movement, which seemed to indicate a depegging from its 1:1 parity with the US dollar. According to data sourced from <a href="https://data.chain.link/ethereum/mainnet/crypto-usd/tusd-usd" target="_blank" rel="nofollow">Chainlink</a>, TUSD was trading at approximately $0.98535493, signaling a deviation from its pegged value.</p> 
<p>One of the noteworthy aspects of this situation was Binance’s decision not to include TUSD s…</p>
<p>The post <a href="https://coinedition.com/crypto-community-reacts-as-trueusd-tusd-faces-stability-issues/">Crypto Community Reacts as TrueUSD (TUSD) Faces Stability Issues</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Crypto Community Reacts as TrueUSD (TUSD) Faces Stability Issues

Coin Edition

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