Thanks for your understanding and we are sorry for any inconvenience. Please contact support@trueusd.com for any further questions.The recent depeg comes on the heels of an announcement from TrueUSD team, reporting that minting of TUSD via Prime Trust was paused until further notice. TUSD minting and redemption services via other banking partners remains unaffected.
It's unclear if the halt in minting is related to recent rumors of insolvency surrounding Prime Trust. The company, a fintech infrastructure provider based in Nevada,
BitGo eyes Prime Trust acquisition, expanding wealth management services. SEC's proposed rule changes impact crypto custodians. TrueUSD's depeg highlights ongoing challenges in stablecoin space.
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