TrueUSD’s slip from $1 peg deepens amid broader sell-off as FD | DeFi & Ethereum News
TrueUSD’s slip from $1 peg deepens amid broader sell-off as FDUSD thrives
TrueUSD (TUSD) deviation from its $1 peg has widened under the current red market situation. Data from CryptoSlate shows that the stablecoin dipped as low as $0.9778 in the past 24 hours, coinciding with substantial sell-offs seen in the major cryptocurrencies like Bitcoin and Ethereum. On Jan. 16, CryptoSlate highlighted increased volatility in TUSD’s value as holders opted to liquidate their assets in favor of competing stablecoins like Tether’s USDT.
