TUSD, one of the top 5 stablecoins by market capitalization supported by Binance, has stopped its mint transactions through Prime Trust.
The cryptocurrency market started the day with a massive crash. Nearly all altcoins have dropped more than 20 percent. While the entire crypto ecosystem was looking for reasons for the decline, a tweet came from stablecoin startup TUSD. TUSD reported that it has stopped issuing tokens through the Prime Trust. TUSD, which Binance is behind and especially supports in launchpad initiatives, became a depeg after this tweet.
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