TrueUSD (TUSD) recently experienced a significant de-pegging, plummeting to $0.9712 from its stable value. On Monday, Binance announced plans for farming Manta (MANTA) tokens by staking BNB and FDUSD in its latest Launchpool. The circulating supply witnessed a drastic 43% reduction, plummeting by 1.4 billion TUSD in just two months. Moreover, data from Arkham shows that Binance wallets hold 1.7 billion TUSD, representing a whopping 90.4% of the circulating supply. Also Read: Tether Forms Strategic Alliance with Rhino.fi for Enhanced LiquidityThe post TrueUSD (TUSD) Depegs To $0.9712, Here’s Why.

Source: The Nation January 18, 2024 13:00 UTC