Stablecoin TrueUSD (TUSD) lost its dollar peg in the early hours of June 10 after a pause in minting activities through its technology partner Prime Trust. Announcement:TUSD mints via Prime Trust are paused for further notification. — TrueUSD (@tusdio) June 10, 2023The recent depeg comes on the heels of an announcement from TrueUSD, which reported that the minting of TUSD via Prime Trust was paused until further notice. Source: CoinMarketCapIt’s unclear if the halt in minting is related to recent rumors of insolvency surrounding Prime Trust. Prime Trust is set to be purchased in a deal with crypto custodian BitGo.

Source: The North Africa Journal June 10, 2023 22:34 UTC