Over the past week, the supply of stablecoin Trueusd (TUSD) has decreased significantly, to only about 612 million.

TUSD dropped to 8th place

Once in the top 5 stablecoins by market capitalization, TUSD is now in 8th place due to continuously decreasing supply. 3 months ago, the TUSD supply was about 2.4 billion but now only 612.4 million as of the time of writing.

The distribution of TUSD is mainly on Ethereum, with about 389 million, and on the Tron blockchain with about 189 million. Additionally, 2.98 million TUSD are circulating on Avalanche, while BNB Chain stores about 30.03 million.

The decline in TUSD supply stems from challenges in maintaining the peg against the US dollar at the beginning of the year.

Since recovering to $1, stablecoins continue to see their supply gradually decrease. TUSD's transparency efforts are highlighted by the Verinumus real-time balance dashboard.

According to the audit report, the assets backing the stablecoin include $501 million in collateral held at First Digital Trust Limited and more than $126 million in cash and no US Treasury bonds. The audit shows that collateral is monitored and managed by Techteryx across depositories in Hong Kong, Switzerland and the Bahamas.

This decreasing supply trend is not unique to TUSD, as other once-famous stablecoins such as Binance's BUSD have also fallen out of favor. Similarly, Paxos's USDP and Gemini's GUSD have seen supply decrease significantly over the past year. Meanwhile, new entrant tokens such as FDUSD and USDE have risen to become the fourth and fifth largest stablecoins.

https://tapchibitcoin.io/tusd-nguon-cung-giam-manh.html