1/ 🧵 TrueUSD has lost the peg with the market changes and there seems to be a lot going on with the downward spiral of the stablecoin price. (Here's my speculation on how things are going on for the stablecoin).
1/ 🧵 TrueUSD has lost the peg with the market changes and there seems to be a lot going on with the downward spiral of the stablecoin price. (Here's my speculation on how things are going on for the stablecoin).
2/ 🧵 TrueUSD has been called out for the transparency and also inability to maintain the peg and also how they are not being open towards the treasury backing.
3/ 🧵 TrueUSD is also getting hit due to binance not including them into the launchpool event and instead used the FDUSD into the same. So that has hurt too.
4/ 🧵 Check out how TrueUSD has lost the peg in the market and how and what type of the issues hurt the stablecoin.
https://inleo.io/@esmeesmith/trueusd-depeg-incident-things-that-go-wrong-in-stablecoins