#fdusd — Public Fediverse posts

#TrueUSD, one of the many stablecoins connected to Chinese crypto scammer & Donald Trump business partner #JustinSun, received a half billion dollar bailout from... Justin Sun when it couldn't get its capital out of First Digital, another chinese #moneylaundering company that runs a stablecoin #FDUSD that is used for most trading on #Binance.

> "In September 2024, #TrueCoin and #TrustToken (the #stablecoin's owners before #Techteryx) settled with the #SEC over allegations they falsely marketed TrueUSD as fully dollar-backed while secretly investing reserves in risky offshore funds."

https://protos.com/justin-sun-bailed-out-500m-stablecoin-tusd-report/

#corruption #uspol #asia #hongkong #crime #TrueUSD #WorldLibertyFinancial #WLFI #crime #Trump #TrumpCoin #USD1 #FirstDigital

American #SEC has filed suit against #TrueUSD / #TrustToken arguing that its reserves consisted of 99% illiquid offshore assets and it became unbacked by actual dollars ca. 2022.

While most people outside of #crypto have never heard of TrueUSD's token #TUSD (a competitor to #Tether's #USDT; see my pinned toot) it's worth understanding that TUSD was for most of a year the single most important #stablecoin and the one that was responsible for the *vast* majority of #bitcoin trades on by far the largest crypto marketplace, #Binance. The company is also rumored to be owned by the sketchiest guy in crypto, #JustinSun.

Put another way: the price of #Bitcoin was measured in TUSD, not real USD for most of last year. (Now it's measured mostly in an even sketchier stablecoin #FDUSD.)

link: https://www.sec.gov/files/litigation/complaints/2024/comp-pr2024-145.pdf

#Uspol #uspolitics #finance #markets #stockmarket #btc #garygensler #justinSun

American #SEC has filed suit against #TrueUSD / #TrustToken arguing that its reserves consisted of 99% illiquid offshore assets and it became unbacked by actual dollars ca. 2022.

While most people outside of #crypto have never heard of TrueUSD's token #TUSD (a competitor to #Tether's #USDT; see my pinned toot) it's worth understanding that TUSD was for most of a year the single most important #stablecoin and the one that was responsible for the *vast* majority of #bitcoin trades on by far the largest crypto marketplace, #Binance. The company is also rumored to be owned by the sketchiest guy in crypto, #JustinSun.

Put another way: the price of #Bitcoin was measured in TUSD, not real USD for most of last year. (Now it's measured mostly in an even sketchier stablecoin #FDUSD.)

link: https://www.sec.gov/files/litigation/complaints/2024/comp-pr2024-145.pdf

#Uspol #uspolitics #finance #markets #stockmarket #btc #garygensler #justinSun

American #SEC has filed suit against #TrueUSD / #TrustToken arguing that its reserves consisted of 99% illiquid offshore assets and it became unbacked by actual dollars ca. 2022.

While most people outside of #crypto have never heard of TrueUSD's token #TUSD (a competitor to #Tether's #USDT; see my pinned toot) it's worth understanding that TUSD was for most of a year the single most important #stablecoin and the one that was responsible for the *vast* majority of #bitcoin trades on by far the largest crypto marketplace, #Binance. The company is also rumored to be owned by the sketchiest guy in crypto, #JustinSun.

Put another way: the price of #Bitcoin was measured in TUSD, not real USD for most of last year. (Now it's measured mostly in an even sketchier stablecoin #FDUSD.)

link: https://www.sec.gov/files/litigation/complaints/2024/comp-pr2024-145.pdf

#Uspol #uspolitics #finance #markets #stockmarket #btc #garygensler #justinSun

American #SEC has filed suit against #TrueUSD / #TrustToken arguing that its reserves consisted of 99% illiquid offshore assets and it became unbacked by actual dollars ca. 2022.

While most people outside of #crypto have never heard of TrueUSD's token #TUSD (a competitor to #Tether's #USDT; see my pinned toot) it's worth understanding that TUSD was for most of a year the single most important #stablecoin and the one that was responsible for the *vast* majority of #bitcoin trades on by far the largest crypto marketplace, #Binance. The company is also rumored to be owned by the sketchiest guy in crypto, #JustinSun.

Put another way: the price of #Bitcoin was measured in TUSD, not real USD for most of last year. (Now it's measured mostly in an even sketchier stablecoin #FDUSD.)

link: https://www.sec.gov/files/litigation/complaints/2024/comp-pr2024-145.pdf

#Uspol #uspolitics #finance #markets #stockmarket #btc #garygensler #justinSun

American #SEC has filed suit against #TrueUSD / #TrustToken arguing that its reserves consisted of 99% illiquid offshore assets and it became unbacked by actual dollars ca. 2022.

While most people outside of #crypto have never heard of TrueUSD's token #TUSD (a competitor to #Tether's #USDT; see my pinned toot) it's worth understanding that TUSD was for most of a year the single most important #stablecoin and the one that was responsible for the *vast* majority of #bitcoin trades on by far the largest crypto marketplace, #Binance. The company is also rumored to be owned by the sketchiest guy in crypto, #JustinSun.

Put another way: the price of #Bitcoin was measured in TUSD, not real USD for most of last year. (Now it's measured mostly in an even sketchier stablecoin #FDUSD.)

link: https://www.sec.gov/files/litigation/complaints/2024/comp-pr2024-145.pdf

#Uspol #uspolitics #finance #markets #stockmarket #btc #garygensler #justinSun

Stablecoin Market Adds $1B in Six Days as Major Tokens Expand - In the past month, the stablecoin market has kept its upward momentum, with four o... - https://news.bitcoin.com/stablecoin-market-adds-1b-in-six-days-as-major-tokens-expand/ #stablecoineconomy #cryptocurrency #digitalassets #marketgrowth #stablecoins #altcoins #tether #fdusd #usdc #usde #dai

FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts - The stablecoin market has experienced modest growth over the past two weeks, with ... - https://news.bitcoin.com/fdusd-supply-shrinks-by-29-amid-stablecoin-supply-shifts/ #stablecoinmarket #cryptocurrency #altcoins #crypto #fdusd #pyusd #gusd #usdc #usde #usdt

Stablecoin Market Cap Climbs $4.85 Billion in 30 Days; USDT, USDC, FDUSD Spearhead Growth - In the past month, data reveals a significant increase in the combined market capi... - https://news.bitcoin.com/stablecoin-market-cap-climbs-4-85-billion-in-30-days-usdt-usdc-fdusd-spearhead-growth/ #digitalcurrencies #cryptocurrency #stablecoins #altcoins #crypto #tether #fdusd #pyusd #busd #usdc

Paypal and First Digital Stablecoins Dominate in December as Binance USD Heads Toward Extinction - The leading stablecoins, in terms of market capitalization, concluded 2023 with a ... - https://news.bitcoin.com/paypal-and-first-digital-stablecoins-dominate-in-december-as-binance-usd-heads-toward-extinction/ #digitalcurrencies #cryptocurrency #stablecoins #altcoins #crypto #tether #fdusd #busd #usdc

Stablecoin Dominance Hits Lowest Since December 2021 Despite Record Monthly Supply - Source: AdobeStock
The entire stablecoin market cap dominance fell to 8.07% in Dec... - https://cryptonews.com/news/stablecoin-dominance-hits-lowest-since-december-2021.htm #altcoinnews #stablecoin #fdusd #news #busd #usdt

Binance’s Stablecoin BUSD Market Capitalization Slides 90% from Peak – Will it Affect Binance Exchange? - Source: AdobeStock / Iryna Budanova
Binance USD (BUSD), the stablecoin issued by P... - https://cryptonews.com/news/binances-stablecoin-busd-market-capitalization-slides-90-from-peak-will-it-affect-binance-exchange.htm #blockchainnews #binance #fdusd #busd

Binance to Gradually Phase Out Support for BUSD Stablecoin - The world’s largest cryptocurrency exchange by global trade volume, Binance, has a... - https://news.bitcoin.com/binance-to-gradually-phase-out-support-for-busd-stablecoin/ #discontinuation #marketvaluation #nansenanalytics #cryptocurrency #cross-margin #regulators #stablecoin #phase-out #exchange #binance #fdusd #paxos #news #busd #swap #tusd #usdt

August Chronicles Another Month of Decline as 9 of 10 Leading Stablecoins Witness Supply Contraction - Over the past 30 days, nine of the leading ten stablecoins by market cap experienc... - https://news.bitcoin.com/august-chronicles-another-month-of-decline-as-9-of-10-leading-stablecoins-witness-supply-contraction/ #stablecoineconomy #supplyshrinkage #cryptocurrency #dollaraltcoins #tradingvolume #contraction #stablecoin #marketcap #altcoins #decline #tether #fdusd #busd #frax #tusd #dai