News Explorer — TrueUSD Stablecoin Slips Below $1 Peg

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Jan 16, 8:24 am

Coindesk

TrueUSD Stablecoin Slips Below $1 Peg

The TrueUSD (TUSD) stablecoin is currently trading at $0.9865, below its intended $1 peg. There has been a flow deficit of $142 million in the last 24 hours, with more sell orders than buy orders. Analysts attribute the decline to potential impact from recent hacks and Binance's decision to exclude TUSD from staking new tokens on its Launchpad.

The TrueUSD (TUSD) stablecoin is currently trading at $0.9865, below its intended $1 peg. There has been a flow deficit of $142 million in the last 24 hours, with more sell orders than buy orders. Analysts attribute the decline to potential impact from recent hacks and Binance's decision to exclude TUSD from staking new tokens on its Launchpad.

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