TrueUSD changes accounting firms... and then de-pegs
TrueUSD ( TUSD ), the Justin Sun -affiliated stablecoin, is currently experiencing a de-peg and trading below par on multiple centralized exchanges, including Binance, HTX, and KuCoin. This happened shortly after TrueUSD switched account ing firms from The Network Firm to Moore Hong Kong for its attestations. TUSD is currently trading more than one cent below the peg on Binance. TrueUSD recently benefited from Binance adopting TUSD as one of its zero-fee trading pairs. The currency is currently trading more than one cent below the peg on Binance, both against other stablecoins like Tether (USDT) and other cryptocurrencies. This pattern is repeated in DeFi, with Curve currently showing that you’ll lose more than one cent exchanging TUSD for USDT. Even on the Tron-based SunSwap, trading TUSD for USDT will result in you losing two pennies for each TUSD you swap. New attestations TrueUSD has switched from The Network Firm, started by former Armamino auditors, to the Hong K...