Embattled TrueUSD (TUSD) stablecoin attributed the asset’s recent price deviations from the $1 peg to the “community mining activities associated with Binance Launchpool,” which resulted in “short-term arbitrage opportunities.”
TUSD’s value has recovered to $0.9904 as of press time after falling to as low as $0.9708 during the past day, according to CryptoSlate’s data.
Addressing price fluctuations
In a Jan. 18 statement on social media platform X, the project’s team characterized the recent volatility as a “normal aspect of market dynamics and liquidity adjustments.” They emphasized that the stablecoin redemption channels remain operational and accessible at a designated website.
“TUSD minting and redemption services are always accessible at tusd.io,” TUSD added.
The project clarified that routine attestations are underway as part of standard operations, debunking any claims suggesting otherwise.
In addition, the team expressed its dedication to expanding its
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