Justin Sun imprime 800 millones de dólares en moneda estable poco utilizada

El viernes por la tarde, Justin Sun, miembro de la junta directiva de HTX, llevó a cabo una impresión masiva de la poco utilizada moneda estable TUSD, un movimiento que llamó la atención de los comerciantes cuando más de $815 millones entraron en circulación en menos de 15 minutos.

Timeline of Trueusd

Understanding the dynamics of stablecoin supplies is a crucial aspect of crypto market analysis, as stablecoins play a pivotal role in the cryptocurrency ecosystem. Fluctuations in the market cap of these pegged assets can signal shifts in investor sentiment, liquidity changes, and overall market health.

Binance Holdings Ltd., the world's largest cryptocurrency exchange in terms of daily trading volume, has faced significant challenges and negative impacts as a result of legal actions initiated by the U.S. Securities and Exchange Commission (SEC).

The founder of Archblock, a prominent blockchain technology company, has filed a lawsuit alleging that Justin Sun, the founder of Tron and CEO of BitTorrent, was the secret acquirer of TrueUSD (TUSD).

Digital currency has long promised a realm of transparency and accountability, but as Professor and IT executive Adam Cochran delved into the intricate web of connections linking the digital asset TUSD to Justin Sun, it became clear that the picture was far from black and white.

TrueUSD (TUSD), a stablecoin pegged to the US dollar, has seen a significant drop in its value compared to tether (USDT) on Binance.US, the American branch of the global cryptocurrency exchange, Binance.

Former members of the now-defunct FTX.US accounting team, now operating as The Network Firm, have conducted the attestation of TrueUSD's proof-of-reserves (PoR) as the stablecoin seeks to regain stability following a brief de-pegging incident.

While TrueUSD (TUSD) denies its exposure to crypto custodian Prime Trust, it has depegged for the second time this month. Prime Trust was placed into receivership on Tuesday after rival BitGo called off its bid to acquire Prime Trust.

Traders are attempting to short the TUSD stablecoin amidst reports of the stablecoin issuer's connection with crypto custodian Prime Trust. The TrueUSD issuer has stated that it does not have any exposure to Prime Trust, having announced earlier in the month that it had stopped mints and redemptions through the crypto custodian.

Recently, a trader has made a strategic move by opening an on-chain short position on TrueUSD (TUSD), a stablecoin. This decision came after the issuer faced challenges with its banking partner, Prime Trust, which led to the suspension of mints and redemptions.

TrueUSD has swiftly moved to restore confidence in its dollar-backed TUSD stablecoin after Nevada-based Prime Trust, a crucial technology partner, faced regulatory hurdles. Prime Trust's abrupt suspension of all fiat and cryptocurrency deposits and withdrawals, following state financial regulators' orders, left many clients stranded and concerned about their funds.