TrueUSD Stablecoin Depegs As Whales Dump TUSD Amid Regulatory Woes

In a surprising turn of events, TrueUSD (TUSD), the stablecoin issued by TrustToken, has experienced a significant de-pegging, making it the first stablecoin of 2024 to face such a challenge. The sharp decline in TUSD value for the second time in recent months, fueled by whale actions and market dynamics, has intensified discussions about stablecoin vulnerabilities, especially as regulatory scrutiny looms over the crypto space.