Currently, TUSD price trades at $0.996 after trying to repeg. TUSD Depegs Amid Market ConcernsTrueUSD (TUSD) stablecoin started to depeg starting the week as traders liquidated their holdings amid rising concerns after the exit of Changpeng “CZ” Zhao as CEO of the world’s largest crypto exchange Binance. The depeg worsened on November 27 and 28, with the TUSD price falling to as low as $0.995. Riyad Carey, a researcher at Kaiko, reported that TUSD stablecoin peg looked shaky due to some big market orders selloff. Also Read:The post Breaking: TrueUSD (TUSD) Stablecoin Depegs, Here’s Why appeared first on CoinGape.

Source: The Nation November 28, 2023 07:32 UTC