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Markets
Trueusd
TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost
The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair.
(Getty Images)
By Krisztian Sandor
Mar 31, 2023 at 9:44 p.m. UTC
Mar 31, 2023
TrueUSDTUSDStablecoinsBinanceTradingInvestingMarkets
Signature Bank logo (SignatureNY.com)
Finance
Trueusd
TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure
Stablecoin issuer says USD funds held at Signature bank are now fully backstopped by Fed.
Signature Bank logo (SignatureNY.com)
By Sam Reynolds
Mar 13, 2023 at 4:16 a.m. UTC
Mar 13, 2023
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(Unsplash, modified by CoinDesk)
Technology
Accounting
Former Accounting Team of FTX US Auditor Armanino Sets Up Shop as The Network Firm
The episode highlights yet another chokepoint for the blockchain industry: It's become harder for crypto startups to enlist big accounting firms to do audits and asset attesta...
(Unsplash, modified by CoinDesk)
By Bradley Keoun
Mar 1, 2023 at 1:53 p.m. UTC
Mar 1, 2023
AccountingExclusive FTXFTX CollapseKrakenCoinSharesTrueUSD
(DALL-E/CoinDesk)
Technology
Proof-of-reserves
Chainlink, TrueUSD Start Real-Time ‘Mint Lock’ Verification of Stablecoin Reserves
The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD.
(DALL-E/CoinDesk)
By Bradley Keoun
Feb 22, 2023 at 1:00 p.m. UTC
Feb 22, 2023
Proof-of-ReservesChainlinkTrueUSDStablecoins
(Midjourney/CoinDesk)
Markets
Trueusd
TrueFi’s TRU Token Rallies Over 200% After Binance’s TUSD Mint Sparks Speculation
The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is.
(Midjourney/CoinDesk)
By Krisztian Sandor
Feb 16, 2023 at 6:03 p.m. UTC
Feb 16, 2023
TrueUSDMarketsTradingInvestingBinanceBUSDStablecoin
Justin Sun (Steven Ferdman/Getty Images)
Markets
Justin sun
Justin Sun Moved $6M Stablecoins From TrueFi Lending Pools Before FTX-Alameda Bankruptcy
Bankrupt trading firm Alameda Research has $7.2 million in outstanding debt from a TrueFi credit facility.
Justin Sun (Steven Ferdman/Getty Images)
By Krisztian Sandor
Nov 11, 2022 at 7:44 p.m. UTC
Nov 11, 2022
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(Unsplash, modified by CoinDesk)
Markets
Defi
TrueFi's $4M Bad Debt in Limbo Shows Risk of Crypto Lending Without Collateral
Decentralized lending protocol TrueFi’s experience with loan default reveals its recourse for recovering bad debts: old-school solutions that can be time-sapping and costly, s...
(Unsplash, modified by CoinDesk)
By Krisztian Sandor
Oct 13, 2022 at 3:09 p.m. UTC
Oct 13, 2022
DeFiLendingMarketsTrueUSD
Falling dominoes (Getty Images)
Markets
Trueusd
Crypto Investment Firm Blockwater Technologies Defaults on DeFi Loan
The South Korea-based crypto investment firm failed to make a payment on a $3.4 million loan to TrueFi, a decentralized lending protocol.
Falling dominoes (Getty Images)
By Krisztian Sandor
Oct 10, 2022 at 3:33 a.m. UTC
Oct 10, 2022
TrueUSDMarketsCrypto LendingDeFi
BofA: Crypto Exchange Binance to Benefit From Increased Supply of BUSD Stablecoin
Video
Binance
BofA: Crypto Exchange Binance to Benefit From Increased Supply of BUSD Stablecoin
Crypto exchange Binance’s decision to convert all users’ investments in stablecoins USD coin (USDC), trueUSD (TUSD) and pax dollar (USDP) into its native binance USD (BUSD) ma...
BofA: Crypto Exchange Binance to Benefit From Increased Supply of BUSD Stablecoin
By CoinDesk Staff
Sep 9, 2022 at 5:59 p.m. UTC
Sep 9, 2022
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Why Binance Isn't Converting Tether to BUSD
Video
Binance
Why Binance Isn’t Converting Tether to BUSD
Binance is converting all investments in USDC, pax dollar (USDP) and trueUSD (TUSD) into its stablecoin Binance USD (BUSD) on Sept. 29. Patrick Hillmann of Binance discusses t...
Why Binance Isn't Converting Tether to BUSD
By CoinDesk Staff
Sep 9, 2022 at 4:45 p.m. UTC
Sep 9, 2022
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