#trueusd — 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

TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing - TrustToken and TrueCoin – now rebranded and under the umbrella of Archbock Inc. – settled... - https://www.coindesk.com/policy/2024/09/24/trusttoken-truecoin-settle-with-sec-over-fraud-accusations-in-stablecoin-investing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #securitiesandexchangecommission #regulations #enforcement #stablecoins #trusttoken #trueusd #policy #news

SEC settles charges against TrueCoin, TrustToken over TrueUSD - The securities regulator claims the token is undercollateralized and its... - https://cointelegraph.com/news/sec-settles-truecoin-trusttoken-trueusd-fraud #investmentcontracts #unregisteredsales #cryptoregulation #stablecoinfraud #secsettlement #trusttoken #truecoin #trueusd #truefi #tusd #sec

SEC settles charges against TrueCoin, TrustToken over TrueUSD - The securities regulator claims the token is undercollateralized and its... - https://cointelegraph.com/news/sec-settles-truecoin-trusttoken-trueusd-fraud #investmentcontracts #unregisteredsales #cryptoregulation #stablecoinfraud #secsettlement #trusttoken #truecoin #trueusd #truefi #tusd #sec

SEC settles charges against TrueCoin, TrustToken over TrueUSD - The securities regulator claims the token is undercollateralized and its... - https://cointelegraph.com/news/sec-settles-truecoin-trusttoken-trueusd-fraud #investmentcontracts #unregisteredsales #cryptoregulation #stablecoinfraud #secsettlement #trusttoken #truecoin #trueusd #truefi #tusd #sec

SEC settles charges against TrueCoin, TrustToken over TrueUSD - The securities regulator claims the token is undercollateralized and its... - https://cointelegraph.com/news/sec-settles-truecoin-trusttoken-trueusd-fraud #investmentcontracts #unregisteredsales #cryptoregulation #stablecoinfraud #secsettlement #trusttoken #truecoin #trueusd #truefi #tusd #sec

TUSD’s Supply Halves as It Drops to 8th Rank Among Stablecoins - Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease i... - https://news.bitcoin.com/tusds-supply-halves-as-it-drops-to-8th-rank-among-stablecoins/ #firstdigitaltrust #cryptocurrency #stablecoins #altcoins #ethereum #trueusd #crypto #tron #tusd

TUSD’s Supply Halves as It Drops to 8th Rank Among Stablecoins - Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease i... - https://news.bitcoin.com/tusds-supply-halves-as-it-drops-to-8th-rank-among-stablecoins/ #firstdigitaltrust #cryptocurrency #stablecoins #altcoins #ethereum #trueusd #crypto #tron #tusd

TUSD’s Supply Halves as It Drops to 8th Rank Among Stablecoins - Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease i... - https://news.bitcoin.com/tusds-supply-halves-as-it-drops-to-8th-rank-among-stablecoins/ #firstdigitaltrust #cryptocurrency #stablecoins #altcoins #ethereum #trueusd #crypto #tron #tusd

TUSD’s Supply Halves as It Drops to 8th Rank Among Stablecoins - Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease i... - https://news.bitcoin.com/tusds-supply-halves-as-it-drops-to-8th-rank-among-stablecoins/ #firstdigitaltrust #cryptocurrency #stablecoins #altcoins #ethereum #trueusd #crypto #tron #tusd

Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights - Market analysis reveals ongoing stability challenges for the stablecoin trueusd in... - https://news.bitcoin.com/stablecoin-tusd-remains-below-intended-1-peg-as-avaras-gho-surges-to-near-peg-heights/ #cryptocurrency #stablecoins #altcoins #binance #trueusd #crypto #avara #depeg #aave #tusd #gho

Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights - Market analysis reveals ongoing stability challenges for the stablecoin trueusd in... - https://news.bitcoin.com/stablecoin-tusd-remains-below-intended-1-peg-as-avaras-gho-surges-to-near-peg-heights/ #cryptocurrency #stablecoins #altcoins #binance #trueusd #crypto #avara #depeg #aave #tusd #gho

Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights - Market analysis reveals ongoing stability challenges for the stablecoin trueusd in... - https://news.bitcoin.com/stablecoin-tusd-remains-below-intended-1-peg-as-avaras-gho-surges-to-near-peg-heights/ #cryptocurrency #stablecoins #altcoins #binance #trueusd #crypto #avara #depeg #aave #tusd #gho

Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights - Market analysis reveals ongoing stability challenges for the stablecoin trueusd in... - https://news.bitcoin.com/stablecoin-tusd-remains-below-intended-1-peg-as-avaras-gho-surges-to-near-peg-heights/ #cryptocurrency #stablecoins #altcoins #binance #trueusd #crypto #avara #depeg #aave #tusd #gho

TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold - Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from... - https://news.bitcoin.com/tusds-stability-wavers-value-fluctuates-below-1-peg-amid-market-turbulence-and-binances-dominant-hold/ #cryptocurrency #stablecoins #depegging #altcoins #ethereum #binance #trueusd #crypto #depeg #tron #tusd

TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold - Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from... - https://news.bitcoin.com/tusds-stability-wavers-value-fluctuates-below-1-peg-amid-market-turbulence-and-binances-dominant-hold/ #cryptocurrency #stablecoins #depegging #altcoins #ethereum #binance #trueusd #crypto #depeg #tron #tusd

TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold - Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from... - https://news.bitcoin.com/tusds-stability-wavers-value-fluctuates-below-1-peg-amid-market-turbulence-and-binances-dominant-hold/ #cryptocurrency #stablecoins #depegging #altcoins #ethereum #binance #trueusd #crypto #depeg #tron #tusd

TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold - Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from... - https://news.bitcoin.com/tusds-stability-wavers-value-fluctuates-below-1-peg-amid-market-turbulence-and-binances-dominant-hold/ #cryptocurrency #stablecoins #depegging #altcoins #ethereum #binance #trueusd #crypto #depeg #tron #tusd

TrueUSD (TUSD) Partners With Top Accounting Firm To Enhance Transparency For Crypto Holders - In a significant move to enhance transparency and trust, TrueUSD (TUSD) has partne... - https://coingape.com/trueusd-tusd-partners-with-top-accounting-firm-to-enhance-transparency-for-crypto-holders/ #24/7cryptocurrencynews #stablecoinnews #stablecoin #trueusd #tusd

Breaking: TrueUSD (TUSD) Stablecoin Depegs, Here’s Why - TrueUSD (TUSD) stablecoin depegs and dropped to a low of $0.995 amid various facto... - https://coingape.com/trueusd-tusd-stablecoin-depegs-heres-why/ #24/7cryptocurrencynews #stablecoinnews #trueusd #tusd

Top Stablecoins See Steady Decline Over Past Month as Dollar-Pegged Token Economy Shrinks - The top stablecoins have continued to see redemptions over the past 30 days as the... - https://news.bitcoin.com/top-stablecoins-see-steady-decline-over-past-month-as-dollar-pegged-token-economy-shrinks/ #marketcapitalization #dollaraltcoins #dollar-pegged #redemptions #stablecoins #tradevolume #statistics #altcoins #exchange #supplies #binance #economy #trueusd #usdcoin #wallets #crypto #tether

Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June - The market capitalization of the stablecoin economy on July 2, 2023, has fallen be... - https://news.bitcoin.com/redemptions-plague-stablecoin-economy-wiping-out-over-2-billion-in-june/ #marketcapitalization #dollar-peggedtokens #dollar-peggedcoins #stablecoineconomy #marketvaluation #cryptoeconomy #cryptomarket #tokeneconomy #tradevolumes #redemptions #stablecoins #statistics #altcoins #trueusd #losses #supply

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 outle... - https://www.coindesk.com/markets/2023/06/28/trueusd-depegs-on-binanceus-drops-to-080-against-tether/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #markets #trueusd #news #tusd #usdt

TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says - The stablecoin issuer said last week that it had “no exposure” to the failed crypto custo... - https://www.coindesk.com/business/2023/06/27/trueusd-stablecoin-has-26k-of-funds-at-us-depository-halting-withdrawals-reserve-report-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #stablecoin #primetrust #finance #trueusd #news #tusd