- This is the deepest that TUSD has fallen since its launch.
- Outflows of nearly $128 million were recorded from Binance in the last 24 hours.
In a shocking turn of events, the fifth-largest stablecoin, True USD [TUSD], fell below its ideal $1 peg as the ghosts of depegging returned to haunt the market yet again.
TUSD goes below $1
According to AMBCrypto’s analysis of CoinMarketCap, TUSD started slipping below the peg on the 15th of January at 11 am UTC and dropped as low as $0.984 by 11:15 pm UTC.
Notably, this is the deepest that TUSD has fallen since its official launch nearly six years ago.
TUSD being ditched in favor of USDT?
As the news of the depegging came pouring in, market observers noticed a surge in
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Author: Aniket Verma
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