TUSD Accused of Misleading Information Amid Binance’s BUSD Decline

Binance‘s BUSD targeted by US authorities earlier this year has paved the way for the introduction of alternative stablecoins. As one of the largest stablecoins, BUSD’s market value has been dwindling as token minting has come to a halt and redemptions continue. In this scenario, TUSD is claiming a piece of the pie. However, some problems persist, and recent allegations could be a game changer. Did TUSD Lie? The Network Firm confirmed in an investigation on June 23 that the statement made about Prime Trust was false. As we announced late yesterday, the trustee decision showed that Prime Trust has reached the end of the road. The company cannot access its old assets and has been found to be using customer assets to cover its losses. It even lacks the approximately $80 million in reserves it owes to its customers. Bad rumors about Prime Trust had been circulating for a […] The post TUSD Accused of Misleading Information Amid Binance’s BUSD Decline appeared first on COINTURK NEWS.