Auditors Involvement with TUSD Raises Concerns Amid Scandal

By Lola Coin Jun 28, 202366Views

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The article discusses the ongoing issues faced by the TrueUSD (TUSD) stablecoin, specifically its depegging problems and the recent controversy involving Prime Trust. These problems have raised concerns about the stability of TUSD and have shaken investor trust in the stablecoin. TUSD is a cryptocurrency that is supposed to maintain a 1:1 value with the US dollar, but it has faced multiple instances of depegging, where its value deviates from this ratio. The recent controversy involving Prime Trust, the custodian of TUSD’s reserve funds, has further deepened the doubts surrounding the stability of the stablecoin. These issues highlight the challenges faced by stablecoins in maintaining their peg and the crucial role of trustworthy custodians in maintaining investor confidence.

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