Stablecoin TUSD lost its peg to the dollar
On January 15, the “stable coin” TrueUSD (TUSD) lost parity with the US dollar, falling 1.3% to $0.984.
The loss of the peg occurred against the background of a significant volume of TUSD sales on the Binance crypto exchange.
At the time of publication, traders had sold more than $451 million worth of stablecoins in the last 24 hours. Including $300 million in buy orders, TUSD had a net outflow of $151 million.
According to CoinGecko, the asset's capitalization is $1.9 billion, with a daily trading volume of $585 million.
On Jan. 10, reports surfaced that TUSD was having difficulty confirming its reserves in real time, raising concerns among the community about insufficient supply.
