Crypto Community Reacts as TrueUSD (TUSD) Faces Stability Issues

• TUSD (TrueUSD) showed signs of depegging from its 1:1 parity with the US dollar, trading at approximately $0.98535493.
• Binance chose not to include TUSD staking in its latest launchpad, receiving mixed reactions from the crypto community.
• The TUSD/USDT pair on Binance reported a selling volume of $377.2 million.

A trader and X user with the handle TheSkyhopper shared a dry remark on the risks of stablecoins with their followers today: “Crypto just isn’t right without an annual stablecoin depegging event or three.”

The trigger for this post was TUSD’s recent price movement, which seemed to indicate a depegging from its 1:1 parity with the US dollar. According to data sourced from Chainlink, TUSD was trading at approximately $0.98535493, signaling a deviation from its pegged value.

One of the noteworthy aspects of this situation was Binance’s decision not to include TUSD s…

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