BitGocrypto custodian Prime Trustannounced that it has finalized the acquisition process of .
Backed by Binance for a while True USDtaking part in the mint process of prime trust , does not see the light of day. Prime Trust, which entered the process of purchasing by BitGo about two weeks ago, was shaken by a news announced today. BitGo, prime trustHe stated that he has withdrawn from the purchasing process.
BitGo Makes Clarification on Prime Trust
BitGostarted two weeks ago prime Trust’sended its acquisition process with a remarkable statement made today.
made a statement on Twitter BitGo, prime trust He stated that ending the process was a difficult decision. crypto foundation, prime trust He underlined that he is making an intense effort to find a way for the future with Judging by this statement of BitGo, there are remarkable details at the end of the process. However BitGothe purchasing process He didn’t explain why it was discontinued.
After considerable effort and work to find a path forward with Prime Trust, BitGo has made the hard decision to terminate its acquisition of Prime Trust. This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets.
— BitGo (@BitGo) June 22, 2023
Previously, True USD (TUSD), which Binance preferred and featured over BUSD, prime trust announced the termination of joint work with TUSD has canceled issuance processes with Prime Trust and has taken a different path.
Moreover BitGo, at the beginning of June, prime trustequity capital 100 percentHe had signed a memorandum of understanding to buy his .
