{"id":19179,"date":"2023-06-10T19:47:28","date_gmt":"2023-06-10T19:47:28","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/trueusd-stops-minting-via-prime-trust-loses-dollar-peg\/"},"modified":"2023-06-10T19:47:31","modified_gmt":"2023-06-10T19:47:31","slug":"trueusd-stops-minting-via-prime-trust-loses-dollar-peg","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/trueusd-stops-minting-via-prime-trust-loses-dollar-peg\/","title":{"rendered":"TrueUSD stops minting via Prime Trust, loses dollar peg"},"content":{"rendered":"
Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting activities through its technology partner Prime Trust.\u00a0<\/p>\n
The fifth-largest stablecoin by market capitalization traded at $0.9964 at its deepest point. According to CoinMarketCap, its value is $0.9981 as of this writing. The current supply of TUSD is $2.04 billion, while its collateral is $2.08 billion, data from LedgerLens shows.<\/p>\n
\nAnnouncement:<\/p>\n
TUSD mints via Prime Trust are paused for further notification.<\/p>\n
Thanks for your understanding and we are sorry for any inconvenience. Please contact support@trueusd.com for any further questions.<\/p>\n