The current price of TUSD, after an unsuccessful repeg attempt, is $0.996.
The biggest individual selloff order in TUSD was $3 million.
In the wake of Binance’s former CEO Changpeng Zhao’s (CZ) resignation and reports stating that terrorists choose Justin Sun’s Tron over Bitcoin for enabling terror funding, among other things, the TrueUSD (TUSD) stablecoin depegged and fell to a low of $0.995. The current price of TUSD, after an unsuccessful repeg attempt, is $0.996.
Justin Sun responded on Twitter to set the record straight, saying that Tron is decentralized much like ETH and BTC. The Tron team is dedicated to fighting the funding of terrorists, he said. The announcement sparked significant liquidations of TUSD since it is associated with Justin Sun, the founder of Tron.
Security Concerns Raised
After CZ stepped down as CEO of Binance, traders began selling their TrueUSD (TUSD) holdings, causing a depeg of the stablecoin. According to Kaiko analyst Riyad Carey, the TUSD stableco
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