TUSD inches closer to $1 amid redemption issues

The TrueUSD (TUSD) stablecoin recently experienced a period of instability, briefly dropping to 96 cents before recovering to 99 cents. This volatility was accompanied by reports of denied redemption requests, raising concerns within the cryptocurrency community. Trading data from Binance revealed a negative net flow of $174.5 million, with $303.5 million in TUSD sales compared […] source: https://www.cryptopolitan.com/tusd-inches-closer-1-amid-redemption-issues/