TrueUSD Wobbles Towards $1 Peg Amid Reported Redemption Issues - Yahoo Finance

Retrieved on: 2024-01-18 15:04:31

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TrueUSD Wobbles Towards $1 Peg Amid Reported Redemption Issues - Yahoo Finance. View article details on HISWAI: https://finance.yahoo.com/news/trueusd-wobbles-towards-1-peg-105418053.html

Summary

The article discusses TrueUSD's (TUSD) instability, with its value dropping off its $1 peg on Binance, a crypto exchange. Difficulty in redeeming TUSD for fiat and a significant negative net flow suggest waning confidence in this stablecoin.

Article found on: finance.yahoo.com

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