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The stablecoin TrueUSD has $26,000 in a U.S. deposit institution that has halted withdrawals

2023-06-28 08:18:42
Collection

ChainCatcher message, according to the reserve report, the stablecoin TrueUSD (TUSD) has $26,434 in a U.S. depository institution that has been ordered to halt withdrawals, of which $26,269 is related to customer withdrawal exchange tokens, but it does not specify which U.S. institutions the funds are held in.

TrueUSD previously stated that it has "no exposure" to the crypto custodian Prime Trust and suspended minting TUSD tokens through Prime Trust on June 10. (source link)

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