TrueUSD Loses Its $1 Peg ๐ช
TrueUSD (TUSD) experienced some price turbulence over the last 24.
One of the top 10 stablecoins lost its dollar peg - dipping as low as $0.984 during frantic overnight trading. A rare sight for a major fiat proxy!
Most price punishment came on Binance order books amidst a deluge of TUSD sell orders. On-chain data spotted net outflows of over $130 million suggesting investors dumped en masse into BTC and other cryptos.
