Cathleen Elman CRGn(@Square-Creator-27b78cb312ef)'s insights

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The TrueUSD stablecoin (TUSD) lost its peg to the US dollar due to an increase in sell-offs of TUSD on the Binance exchange, leading to a depegging of its fixed price to $1 This event came amid a high flow of TUSD outflows on Binance, with over $447 million in sales in the last 24 hours compared to just $303 million in purchase orders. Additionally, it was mentioned that TUSD might have experienced insufficient collateral, as no real-time certifications of its reserves had recently been released. Another factor that contributed to the decoupling was the decision to stop minting through Prime Trust, which also affected the stability of TUSD The unexpected drop in the value of TUSD to $0.9951 challenged the stability characteristic of stablecoins These events have challenged the stability of TUSD and led to concerns in the crypto market. #Write2Earn #TUSD

The TrueUSD stablecoin (TUSD) lost its peg to the US dollar due to an increase in sell-offs of TUSD on the Binance exchange, leading to a depegging of its fixed price to $1
This event came amid a high flow of TUSD outflows on Binance, with over $447 million in sales in the last 24 hours compared to just $303 million in purchase orders.
Additionally, it was mentioned that TUSD might have experienced insufficient collateral, as no real-time certifications of its reserves had recently been released.
Another factor that contributed to the decoupling was the decision to stop minting through Prime Trust, which also affected the stability of TUSD
The unexpected drop in the value of TUSD to $0.9951 challenged the stability characteristic of stablecoins
These events have challenged the stability of TUSD and led to concerns in the crypto market.
#Write2Earn  
#TUSD  