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TrueUSD price, market cap on Coin360 heatmap

TrueUSD(TUSD)

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$1.001
(-0.02%)
0.00001497 BTC
Market Cap (Rank#141)
$510,230,296
7,632 BTC
Vol 24h
$8,262,707
123.586 BTC
Circulating Supply
509,701,467.01
Max Supply
330,344,969
103 days agocryptopotato
CoinMarketCap Research Releases Report on TrueUSD: Market Share Increased by 238% in 2023
[PRESS RELEASE – Dubai, UAE, February 7th, 2024] CoinMarketCap Research released a report on TrueUSD (TUSD), the USD-pegged stablecoin that offers live, on-chain attestations of its reserves by independent, third-party accounting firms. The report highlighted that TUSD’s market share in the stablecoin sector increased by over 238%. In 2023, TUSD’s market share increased from 0.53% […]
103 days agocryptodaily
CoinMarketCap Research Releases Report on TrueUSD: Market Share Increased by 238% in 2023
CoinMarketCap Research Releases Report on TrueUSD: Market Share Increased by 238% in 2023
122 days agonulltx
TUSD Faces Depreciation Amidst Heavy Liquidation And Binance Announcement
TrueUSD (TUSD) experienced a significant depreciation, dropping to as low as 97 cents, triggered by reports of traders liquidating over $300 million worth of the stablecoin, according to data from Binance. Binance’s announcement on January 15 about farming $MANTA by staking $BNB and $FDUSD, excluding $TUSD, played a pivotal role […]
123 days agocoindesk
TrueUSD Wobbles Towards $1 Peg Amid Reported Redemption Issues
TUSD went as low as 96 cents as Binance data shows traders apparently sold over $300 million worth in the past 24 hours.
123 days agocryptodaily
TrueUSD Continues To Spiral, Hits Low Of $0.97
Justin Sun-linked stablecoin TrueUSD (TUSD) has continued to depeg, hitting a low of $0.97 as traders continue to dump the stablecoin in favor of USDT.
123 days agocryptodaily
TUSD Loses Dollar Peg: Potential Domino Effect Might Be in Play for These Cryptos
Explore the latest twists in the cryptocurrency saga as TrueUSD (TUSD) loses its dollar peg, sparking market-wide concerns. Uncover how this unexpected shift impacts major players like Polygon (MATIC), Solana (SOL), and Polkadot (DOT), and what it means for their future. Delve into the intricacies of each coin's performance, including MATIC's partnerships, SOL's altcoin season potential, and DOT's transactional growth. Stay informed with our comprehensive analysis as we navigate the unpredictable currents of the crypto world and its interconnected fate.
124 days agocryptopotato
TrueUSD Plummets Below $1 Parity Amid Selloff Frenzy
TUSD experienced a decline to $0.985, signifying its second deviation from the $1 peg within the past two months.
125 days agocoindesk
TUSD Loses $1 Peg Amid Binance's FDUSD Focus: Analyst
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.
171 day agonulltx
TrueUSD Faces Depegging Amidst Controversies and Market Activity
In a surprising turn of events, the stability of TrueUSD (TUSD) experienced a significant dip, dropping to $0.995. This decline was triggered by several factors, including the resignation of Binance’s former CEO, Changpeng Zhao (CZ), and contentious statements suggesting that terrorists prefer Justin Sun’s Tron over Bitcoin for funding activities. […]
209 days agocryptopotato
TrueUSD’s Security Breach Sparks Concerns Over Private Key Compromise
Did TrueUSD fully disclose the security breach? ChainArgos suggests a complex situation with TEURO using TrueUSD's private keys.
216 days agocointelegraph
TrueCoin’s third-party vendor breach potentially leaks TUSD user data
TrueCoin’s internal systems were not impacted or accessed, as the company confirmed that the attack was an isolated incident and limited to a third-party vendor.
277 days agocryptodaily
TRON DAO Ventures Invests $2 Million in CRV and Curve to Launch on TRON and BTTC
Geneva, Switzerland, August 17th, 2023, ChainwireTRON DAO Ventures, the investment arm of TRON DAO, has recently bought $2 million worth of CRV tokens. As part of this strategic partnership, Curve will launch on both the TRON and the BTTC networks.Curve is a decentralized exchange acclaimed for its automated market makers (AMMs) tailored for stablecoin trading. Having experienced an exponential surge in the latter half of 2020, it once established itself as the epitome of DeFi platforms. Currently, Curve ranks as the world's second-largest decentralized exchange (DEX) and the largest DEX for stablecoin trading.The recent hack targeting the platform has led to a chain reaction in the DeFi space. TRON founder Justin Sun promptly expressed his support for Curve after the incident, stating, "Curve is an essential DeFi infrastructure for the blockchain industry. Our thoughts are with the team and the users affected. As a community, let's support and strengthen the security measures to protect our decentralized ecosystem."Amidst the volatile market on August 1, TRON forged a partnership with Curve, introducing a stUSDT pool on the platform. stUSDT, the world's first rebase real-world asset (RWA) protocol on the TRON blockchain, is hailed as the Web3 world's version of Yu'E Bao (once China’s largest money market fund). According to Defillama, the TVL on stUSDT has already exceeded $700 million.Following that, TRON DAO Ventures announced its investment in Curve, underscoring TRON's ecosystem support not only through collaboration but also through financial backing. Meanwhile, Curve will integrate with the TRON and the BTTC networks as part of the partnership.The collaboration among TRON, BTTC, and Curve is set to generate crucial synergies for the industry. Curve, a foundation infrastructure in the DeFi domain, offers significant advantages in terms of reduced financial costs and time inefficiencies while also supporting prominent public blockchains like Ethereum, Arbitrum, and Avalanche. This collaboration is poised to help further develop TRON's DeFi ecosystem. Meanwhile, as a major driver of DeFi innovation, TRON will share its most secure and cutting-edge products with Curve.The integration between Curve and BTTC will also fuel the growth of DeFi ecosystems, especially DEX platforms. As the industry's first heterogeneous cross-chain interoperability protocol, BTTC has supported cross-chain functionality between TRON, Ethereum, and BNB Chain upon its release. It will also introduce zero-knowledge (ZK) proof technology later this year, which enables users to build dApps seamlessly across different blockchains, promoting an inclusive ecosystem open to everyone.With the backing of TRON and BTTC, Curve anticipates a rapid rebound, and users are bound to witness a more vibrant DeFi ecosystem in the crypto industry.About TRON DAOTRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of August 2023, it has over 179.07 million total user accounts on the blockchain, more than 6.26 billion total transactions, and over $13.01 billion in total value locked (TVL), as reported on TRONSCAN.In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | ForumAbout CurveFounded by Michael Egorov and launched in January 2020, Curve Finance positions itself as a DEX built on an AMM model. It focuses on the trading of stablecoins (USDT, USDC, DAI), synthetic assets/derivatives/staking assets (wBTC, renBTC, stETH), etc. In addition to its stronghold Ethereum, Curve also extended its presence across other chains such as Fantom, Polygon, Avalanche, Arbitrum, and Optimism.ContactHayward [email protected]
277 days agocryptodaily
TRON DAO Ventures Invests $2 Million in CRV and Curve to Launch on TRON and BTTC
Geneva, Switzerland, August 17th, 2023, ChainwireTRON DAO Ventures, the investment arm of TRON DAO, has recently bought $2 million worth of CRV tokens. As part of this strategic partnership, Curve will launch on both the TRON and the BTTC networks.Curve is a decentralized exchange acclaimed for its automated market makers (AMMs) tailored for stablecoin trading. Having experienced an exponential surge in the latter half of 2020, it once established itself as the epitome of DeFi platforms. Currently, Curve ranks as the world's second-largest decentralized exchange (DEX) and the largest DEX for stablecoin trading.The recent hack targeting the platform has led to a chain reaction in the DeFi space. TRON founder Justin Sun promptly expressed his support for Curve after the incident, stating, "Curve is an essential DeFi infrastructure for the blockchain industry. Our thoughts are with the team and the users affected. As a community, let's support and strengthen the security measures to protect our decentralized ecosystem."Amidst the volatile market on August 1, TRON forged a partnership with Curve, introducing a stUSDT pool on the platform. stUSDT, the world's first rebase real-world asset (RWA) protocol on the TRON blockchain, is hailed as the Web3 world's version of Yu'E Bao (once China’s largest money market fund). According to Defillama, the TVL on stUSDT has already exceeded $700 million.Following that, TRON DAO Ventures announced its investment in Curve, underscoring TRON's ecosystem support not only through collaboration but also through financial backing. Meanwhile, Curve will integrate with the TRON and the BTTC networks as part of the partnership.The collaboration among TRON, BTTC, and Curve is set to generate crucial synergies for the industry. Curve, a foundation infrastructure in the DeFi domain, offers significant advantages in terms of reduced financial costs and time inefficiencies while also supporting prominent public blockchains like Ethereum, Arbitrum, and Avalanche. This collaboration is poised to help further develop TRON's DeFi ecosystem. Meanwhile, as a major driver of DeFi innovation, TRON will share its most secure and cutting-edge products with Curve.The integration between Curve and BTTC will also fuel the growth of DeFi ecosystems, especially DEX platforms. As the industry's first heterogeneous cross-chain interoperability protocol, BTTC has supported cross-chain functionality between TRON, Ethereum, and BNB Chain upon its release. It will also introduce zero-knowledge (ZK) proof technology later this year, which enables users to build dApps seamlessly across different blockchains, promoting an inclusive ecosystem open to everyone.With the backing of TRON and BTTC, Curve anticipates a rapid rebound, and users are bound to witness a more vibrant DeFi ecosystem in the crypto industry.About TRON DAOTRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of August 2023, it has over 179.07 million total user accounts on the blockchain, more than 6.26 billion total transactions, and over $13.01 billion in total value locked (TVL), as reported on TRONSCAN.In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | ForumAbout CurveFounded by Michael Egorov and launched in January 2020, Curve Finance positions itself as a DEX built on an AMM model. It focuses on the trading of stablecoins (USDT, USDC, DAI), synthetic assets/derivatives/staking assets (wBTC, renBTC, stETH), etc. In addition to its stronghold Ethereum, Curve also extended its presence across other chains such as Fantom, Polygon, Avalanche, Arbitrum, and Optimism.ContactHayward [email protected]
278 days agocryptopotato
Merkel Tree-based Proof of Reserves Data released with New Assets stUSDT and stETH
[PRESS RELEASE – Singapore, Singapore, August 15th, 2023] The latest Merkle tree asset proof data in August 2023 includes an update on ETH & stETH and USDT & stUSDT. Users can view Huobi reserves in detail on the asset audit page of Huobi’s official website. The available information includes reserve ratio, Huobi wallet’s assets, and […]
283 days agocryptodaily
Aave DAO Begins Voting On Proposals To Limit CRV Exposure
The Aave community has started voting on three crucial proposals that could help significantly reduce the protocol’s exposure to Curve Finance’s CRV token. Two out of the three proposals in question opened for voting on the 10th of August. Details Of The Proposals The move by the Aave community comes as it attempts to limit the risk posed to the protocol by the large borrowing position held by Michael Egorov, the founder of Curve Finance. On-chain risk management platform Chaos Lab put forward the proposals. According to the platform, volatility in Curve markets had considerably increased after the recent exploit suffered by Curve. The CRV token is the native token of the decentralized finance (DeFi) protocol Curve Finance. Curve founder Egorov had used as much as 30% of CRV’s total market capitalization to take out nearly $60 million in loans on Aave. However, the Curve Finance hack significantly impacted the price of CRV, sending it plummeting. This made Egorov’s position vulnerable, potentially exposing Aave to a liquidation risk. The voting on the proposals is set to continue until the 12th of August. The first proposal seeks to reduce the liquidation threshold by 6% for CRV on Aave v2. This could lead to user accounts becoming subject to liquidation upon approval. The second proposal disables borrowing of CRV tokens on Polygon v3 and Ethereum. This would make it impossible to short CRV through the Aave protocol. The two proposals to limit Aave’s exposure have found overwhelming support in the community. So far, over 571,000 votes have been cast, with 100% of the votes in favor of limiting Aave’s exposure to CRV. The Third Proposal With fears surrounding Egorov’s loans, Aave’s community is also voting on a third proposal, voting for which ends on the 11th of August. The proposal, put forward by Aave Chan founder Marc Zeller, calls on the Aave treasury to purchase $2 million worth of CRV tokens from Curve Finance. Zeller’s reasoning for such a move is that it would signal that major DeFi players support Curve and the health of the larger DeFi ecosystem. However, this proposal has not gained as much support in the community, although a majority do support it. Currently, around 62% of votes favor the proposal, while 37% have voted against it. The Curve Finance Exploit Curve Finance suffered a major exploit at the beginning of the month, with hackers managing to siphon off millions worth of crypto. As a result of the hack, the protocol’s CRV token saw a significant price drop, casting a long shadow on the DeFi ecosystem. The decline in CRV’s value also put a $168 million lending position taken by Curve founder Michael Egorov at risk. If this position was liquidated, it could have disastrous consequences for the larger DeFi ecosystem, putting major protocols at risk. Following the exploit, crypto exchanges moved to suspend withdrawals, with Upbit among the first to act, suspending deposits and withdrawals of the CRV token. “Today, certain vulnerabilities have been discovered in some of the stablecoin pools associated with Curve (CRV). As a result, CRV is currently experiencing significant volatility. We advise exercising caution when considering any investments related to CRV. To ensure the safety of digital asset transactions, we have temporarily suspended deposits and withdrawals for CRV.” However, Curve and Egorov found support from prominent players in the crypto space. These include Power DeFi user DCF God, Jeffrey Huang, and Tron Foundation CEO Justin Sun. All have since stepped in and purchased CRV from Egorov, resulting in the principal value of Egorov’s loans dropping to $54 million. Justin Sun posted a message in support of Curve, stating, “Excited to assist Curve! As steadfast partners, we remain committed to providing support whenever needed. Our joint efforts will introduce an @stusdt pool on Curve, amplifying user benefits. Together, we aim to empower the community and forge a decentralized finance!” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
283 days agocryptodaily
Aave DAO Begins Voting On Proposals To Limit CRV Exposure
The Aave community has started voting on three crucial proposals that could help significantly reduce the protocol’s exposure to Curve Finance’s CRV token. Two out of the three proposals in question opened for voting on the 10th of August. Details Of The Proposals The move by the Aave community comes as it attempts to limit the risk posed to the protocol by the large borrowing position held by Michael Egorov, the founder of Curve Finance. On-chain risk management platform Chaos Lab put forward the proposals. According to the platform, volatility in Curve markets had considerably increased after the recent exploit suffered by Curve. The CRV token is the native token of the decentralized finance (DeFi) protocol Curve Finance. Curve founder Egorov had used as much as 30% of CRV’s total market capitalization to take out nearly $60 million in loans on Aave. However, the Curve Finance hack significantly impacted the price of CRV, sending it plummeting. This made Egorov’s position vulnerable, potentially exposing Aave to a liquidation risk. The voting on the proposals is set to continue until the 12th of August. The first proposal seeks to reduce the liquidation threshold by 6% for CRV on Aave v2. This could lead to user accounts becoming subject to liquidation upon approval. The second proposal disables borrowing of CRV tokens on Polygon v3 and Ethereum. This would make it impossible to short CRV through the Aave protocol. The two proposals to limit Aave’s exposure have found overwhelming support in the community. So far, over 571,000 votes have been cast, with 100% of the votes in favor of limiting Aave’s exposure to CRV. The Third Proposal With fears surrounding Egorov’s loans, Aave’s community is also voting on a third proposal, voting for which ends on the 11th of August. The proposal, put forward by Aave Chan founder Marc Zeller, calls on the Aave treasury to purchase $2 million worth of CRV tokens from Curve Finance. Zeller’s reasoning for such a move is that it would signal that major DeFi players support Curve and the health of the larger DeFi ecosystem. However, this proposal has not gained as much support in the community, although a majority do support it. Currently, around 62% of votes favor the proposal, while 37% have voted against it. The Curve Finance Exploit Curve Finance suffered a major exploit at the beginning of the month, with hackers managing to siphon off millions worth of crypto. As a result of the hack, the protocol’s CRV token saw a significant price drop, casting a long shadow on the DeFi ecosystem. The decline in CRV’s value also put a $168 million lending position taken by Curve founder Michael Egorov at risk. If this position was liquidated, it could have disastrous consequences for the larger DeFi ecosystem, putting major protocols at risk. Following the exploit, crypto exchanges moved to suspend withdrawals, with Upbit among the first to act, suspending deposits and withdrawals of the CRV token. “Today, certain vulnerabilities have been discovered in some of the stablecoin pools associated with Curve (CRV). As a result, CRV is currently experiencing significant volatility. We advise exercising caution when considering any investments related to CRV. To ensure the safety of digital asset transactions, we have temporarily suspended deposits and withdrawals for CRV.” However, Curve and Egorov found support from prominent players in the crypto space. These include Power DeFi user DCF God, Jeffrey Huang, and Tron Foundation CEO Justin Sun. All have since stepped in and purchased CRV from Egorov, resulting in the principal value of Egorov’s loans dropping to $54 million. Justin Sun posted a message in support of Curve, stating, “Excited to assist Curve! As steadfast partners, we remain committed to providing support whenever needed. Our joint efforts will introduce an @stusdt pool on Curve, amplifying user benefits. Together, we aim to empower the community and forge a decentralized finance!” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
287 days agocryptodaily
Huobi Faces Insolvency Rumors Amid $USDT Selloff
Prominent crypto analyst and investor Adam Cochran has called into question the solvency of Huobi, the 12th largest cryptocurrency exchange globally by spot trading volume.In a series of recent tweets, Cochran pointed to significant discrepancies in Huobi's reported Tether (USDT) holdings, suggesting that the firm might be failing to meet its financial obligations. Cochran bases his assertions on a detailed examination of Huobi's balance sheets and the recent activities of Justin Sun, the founder of Tron. Despite these allegations, Huobi maintains that all operations are proceeding as normal. According to Cochran's investigation, Huobi's own "Merkle Tree Audit" indicates a significant discrepancy in the exchange's held assets. He points out that while the audit lists that Huobi users hold $631 million worth of Tether (USDT), Huobi's actual holdings amount to only $90 million. This significant gap, Cochran alleges, is indicative of insolvency. Cochran further argues that Sun has been treating the exchange like a personal piggy bank, transferring funds to his decentralized finance (DeFi) projects and thus leaving the exchange unable to meet its obligations. Specifically, he alleges that Sun is inflating the yield on his DeFi apps to entice more deposits into Huobi. Adding to the concerns, Cochran noted a substantial sell-off of Tether (USDT) on Binance, which he believes is connected to the solvency fears surrounding Huobi. He also raised questions about Sun's recently launched "stUSDT", a variant of USDT that Sun claims is backed by government bonds. Cochran alleges that the stUSDT does not have sufficient backing, which further compounds the potential risk. Cochran also pointed out that certain Huobi and Tron executives are reportedly under investigation by Chinese authorities, a development that has fanned the flames of these allegations. These apprehended individuals reportedly include key personnel from both organizations, adding more credibrility to the concerns about Huobi's financial stability. Huobi has denied any wrongdoing and maintains that all operations are running normally. However, Cochran dismissed these assertions, stating that his source, a senior executive at Tron, confirmed that team members are indeed under investigation due to actions related to Huobi. Cochran's analysis, if accurate, paints a worrying picture for Huobi's financial health, adding fuel to rumors of the company's potential insolvency. If Huobi users begin to lose faith in the exchange's financial stability, it could lead to a mass exodus from the platform and significant upheaval in the crypto market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
287 days agocryptodaily
Huobi Faces Insolvency Rumors Amid $USDT Selloff
Prominent crypto analyst and investor Adam Cochran has called into question the solvency of Huobi, the 12th largest cryptocurrency exchange globally by spot trading volume.In a series of recent tweets, Cochran pointed to significant discrepancies in Huobi's reported Tether (USDT) holdings, suggesting that the firm might be failing to meet its financial obligations. Cochran bases his assertions on a detailed examination of Huobi's balance sheets and the recent activities of Justin Sun, the founder of Tron. Despite these allegations, Huobi maintains that all operations are proceeding as normal. According to Cochran's investigation, Huobi's own "Merkle Tree Audit" indicates a significant discrepancy in the exchange's held assets. He points out that while the audit lists that Huobi users hold $631 million worth of Tether (USDT), Huobi's actual holdings amount to only $90 million. This significant gap, Cochran alleges, is indicative of insolvency. Cochran further argues that Sun has been treating the exchange like a personal piggy bank, transferring funds to his decentralized finance (DeFi) projects and thus leaving the exchange unable to meet its obligations. Specifically, he alleges that Sun is inflating the yield on his DeFi apps to entice more deposits into Huobi. Adding to the concerns, Cochran noted a substantial sell-off of Tether (USDT) on Binance, which he believes is connected to the solvency fears surrounding Huobi. He also raised questions about Sun's recently launched "stUSDT", a variant of USDT that Sun claims is backed by government bonds. Cochran alleges that the stUSDT does not have sufficient backing, which further compounds the potential risk. Cochran also pointed out that certain Huobi and Tron executives are reportedly under investigation by Chinese authorities, a development that has fanned the flames of these allegations. These apprehended individuals reportedly include key personnel from both organizations, adding more credibrility to the concerns about Huobi's financial stability. Huobi has denied any wrongdoing and maintains that all operations are running normally. However, Cochran dismissed these assertions, stating that his source, a senior executive at Tron, confirmed that team members are indeed under investigation due to actions related to Huobi. Cochran's analysis, if accurate, paints a worrying picture for Huobi's financial health, adding fuel to rumors of the company's potential insolvency. If Huobi users begin to lose faith in the exchange's financial stability, it could lead to a mass exodus from the platform and significant upheaval in the crypto market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
292 days agocryptodaily
Curve Finance’s CRV Receives Support From Justin Sun And DCF God
Curve Finance and CEO Michael Egorov have received support from prominent names in the crypto space, including Justin Sun and DCF God. Curve had suffered a major exploit earlier in the week, leading to the protocol losing nearly $50 million to hackers. Chaos At Curve Finance Curve Finance suffered a major exploit earlier in the week, allowing hackers to siphon off nearly $50 million worth of crypto. This included CRV tokens worth $4.52 million, leading to a significant drop in the token’s price. The exploit resulted from a reentrancy bug in Vyper, the programming language powering parts of the Curve ecosystem. The CRV token saw a decline of nearly 20% following the attack. The markets were further spooked after reports emerged that the founder of Curve Finance, Michael Egorov, had allegedly taken several loans, using nearly 47% of the total circulating supply of CRV. Reentrancy attacks have become relatively common in the DeFi space. In such an exploit, hackers trick smart contracts by making repeated calls to the protocol and stealing user assets. As a result, Upbit has suspended deposits and withdrawals of the CRV token, while other exchanges have warned users to exercise caution when dealing with investments related to CRV. Upbit had tweeted, “Today, certain vulnerabilities have been discovered in some of the stablecoin pools associated with Curve (CRV). As a result, CRV is currently experiencing significant volatility. We advise exercising caution when considering any investments related to CRV. To ensure the safety of digital asset transactions, we have temporarily suspended deposits and withdrawals for CRV.” Curve And Egorov Find Support The plummeting CRV price significantly increased the risk of liquidating the loans Egorov took. However, prominent players from the crypto space have stepped in to assist Curve and Egorov. These include Power DeFi user DCF God, Tron Foundation CEO Justin Sun, and Jeffrey Huang, also known as Machi Big Brother. All have since stepped in and purchased CRV tokens from Egorov. As a result of this help, the principal value of Egorov’s loan dropped from $63 million to $54 million. Tron founder Justin Sun tweeted that he was excited to assist Curve, demonstrating his support for the protocol by acquiring a number of CRV tokens. According to available on-chain data, Sun purchased around 5 million CRV tokens worth around $3 million. The tokens were purchased from a wallet called the Curve.fi Founder, and was completed through an over-the-counter transaction. Sun tweeted, “Excited to assist Curve! As steadfast partners, we remain committed to providing support whenever needed. Our joint efforts will introduce an @stusdt pool on Curve, amplifying user benefits. Together, we aim to empower the community and forge a decentralized finance!” Other players that chipped in to assist Curve were Cream Finance, who sent Egorov $1 million in USDT and USDC stablecoins. Egorov also received $1.5 million worth of USDT from Jeffrey Huang (Machi Big Brother), according to data sourced from PeckShield. Egorov also transferred over 50 million CRV to other entities, including the Web3 investment firm DWF Labs and Power DeFi user DCF God. Going by these numbers, Egorov sold around 50 million CRV tokens at a price of around $0.4 per token, making the transactions worth close to $20 million. Major Implications For DeFi The Curve Finance exploit could have major implications for the larger DeFi ecosystem, with the CRV token’s value suffering a significant decline, putting Egorov’s $168 million lending position at risk of liquidation. If the position were to be liquidated, it could have a domino effect on the larger DeFi ecosystem. Egorov has a $70 million loan on Aave v2, for which he has used CRV as collateral. Additionally, he has also borrowed $17 worth of FRAX, putting $32 million worth of CRV as collateral, along with another $18 million loan from DeFi protocol Abracadabra. Concerns about the concentration of CRV on Aave were flagged by Gauntlet, who recommended freezing the token on Aave. “The amount of CRV concentrated on Aave, relative to the circulating supply of CRV, is already high. Given the limitations of V2 mechanisms, including the possibility of circumventing an LTV of 0, the only way to truly prevent more risk of this position is to prevent borrowing of all assets on V2.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
311 days agocoindesk
Stablecoin TrueUSD Owner Techteryx to Take Full Control of Operation
Techteryx assumed "full management full management of all offshore operations and services related to TUSD," on July 13.
311 days agocoindesk
Crypto Markets ‘Highly Dependent’ on Stablecoins Lacking Transparency, TUSD Poses Risk: Kaiko
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
319 days agocoindesk
Chainlink ‘Proof of Reserve’ Proves Little Beyond Data Going In, Coming Out
Projects like TrueUSD and Paxos are turning to Chainlink to give users transparency into their reserves, but their numbers remain difficult to verify.
321 day agocryptopotato
The First Real-World Asset Product stUSDT Launches on the TRON Blockchain
[PRESS RELEASE – Geneva, Switzerland, July 4th, 2023] Today, the TRON ecosystem welcomes its first Real World Asset (RWA) product, stUSDT, which is operating through the decentralized platform JustLend. TRON founder and member of Huobi’s global advisory board, Justin Sun, has voiced his belief that stUSDT will evolve into the crypto version of Alipay’s Yu’e […]
327 days agocoindesk
TrueUSD Depegs on Binance.US, Drops to 80 Cents Against Tether
TUSD trades at a discount versus Tether as former FTX provider Armanino's rebranded outlet The Network Firm's association with TrueUSD raises alarm bells on Crypto Twitter.

About TrueUSD?

The live price of TrueUSD (TUSD) today is 1.001 USD, and with the current circulating supply of TrueUSD at 509,701,467.01 TUSD, its market capitalization stands at 510,230,296 USD. In the last 24 hours TUSD price has moved -0.0007 USD or -0.00% while 7,161,151 USD worth of TUSD has been traded on various exchanges. The current valuation of TUSD puts it at #141 in cryptocurrency rankings based on market capitalization.

Learn more about the TrueUSD blockchain network and how it works or follow the price of its native cryptocurrency TUSD and the broader market with our unique COIN360 cryptocurrency heatmap.

TrueUSD (TUSD) is a USD-based stablecoin. It means that the TrueUSD coin’s price is pegged to the price of the United States dollar. The TrueUSD coin stands out in the field of stablecoins as one of the few cryptos that have a full KYC/AML compliance and 100% collateralization in the fiat currency. Every TUSD holder that gets through the KYC/AML procedures is free to exchange his coins with fiat. Technically, the real TUSD price only changes when the price of the United States dollar changes. However, significant market fluctuations can move the price a couple of cents both up and down in value. TrueUSD market cap is in a stable ascending trend since its development. TrueUSD price online with Coin360.com
TrueUSD Price1.001 USD
Market Rank#141
Market Cap510,230,296 USD
24h Volume8,262,707 USD
Circulating Supply509,701,467.01 TUSD
Max Supply330,344,969 TUSD
Yesterday's Market Cap510,305,984 USD
Yesterday's Open / Close1.0019 USD / 1.0012 USD
Yesterday's High / Low1.0071 USD / 1.0001 USD
Yesterday's Change
0.00% ( 0.0007 USD )
Yesterday's Volume7,161,151 USD
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