Services for minting and redeeming TUSD via alternative banking partners not interrupted.
Prime Trust is being acquired by BitGo, a cryptocurrency custodian.
After a brief interruption in minting activity via its technological partner Prime Trust, the stablecoin TrueUSD (TUSD) lost its dollar peg in the early hours of June 10.
At its lowest in the last 24 hours, the market price of the fifth most valuable stablecoin by capitalization was $0.9958. Its current worth, as reported by CMC, is $0.9979. According to statistics provided by LedgerLens, the current supply of TUSD is $2.04 billion, while the collateral is valued at $2.08 billion.
Following a statement from TrueUSD, which said that the minting of TUSD through Prime Trust has been suspended until further notice, a depeg was witnessed recently. Services for minting and redeeming TUSD via alternative banking partners have not been interrupted.
The announcement read:
“We want to assure you that our partnerships with other banking in
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