Cointelegraph - TrueUSD lost its $1 peg due to a Binance sell-off after worries emerged about its reserve backing and halted real-time attestations

https://cointelegraph.com/news/tusd-stablecoin-depeg-justin-sun-binance-launchpool-true-usd

TrueUSD, a Justin Sun-linked stablecoin, fell below its $1 peg due to mass selling on Binance and concerns about its reserve backing.

The depegging started on Jan. 15 after reports of difficulties in verifying TUSD's reserves and halted real-time attestations.

Traders sold over $339 million worth of TUSD on Binance in 24 hours, highlighting a significant loss of confidence in the stablecoin.

Beware of a depegged stablecoin!!