TrueUSD Loses Its $1 Peg 😪
TrueUSD (TUSD) experienced some price turbulence over the last 24.
One of the top 10 stablecoins lost its dollar peg - dipping as low as $0.984 during frantic overnight trading. A rare sight for a major fiat proxy!
Most price punishment came on Binance order books amidst a deluge of TUSD sell orders. On-chain data spotted net outflows of over $130 million suggesting investors dumped en masse into BTC and other cryptos.
TrueUSD (TUSD) experienced some price turbulence over the last 24.
One of the top 10 stablecoins lost its dollar peg - dipping as low as $0.984 during frantic overnight trading. A rare sight for a major fiat proxy!
Most price punishment came on Binance order books amidst a deluge of TUSD sell orders. On-chain data spotted net outflows of over $130 million suggesting investors dumped en masse into BTC and other cryptos.