TrueUSD (TUSD) dropped below its $1 peg after the SEC accused TrueCoin LLC and TrustToken Inc. of fraud and issuing unregistered securities.
Curve Finance considers reducing TUSD exposure after SEC settlement with Trusttoken Inc. and Truecoin LLC.
The SEC revealed that TrueCoin LLC and TrustToken Inc. invested almost all TUSD stablecoin reserves in a risky fund, leading to a settlement for fraudulent and unregistered investment sales.
The SEC has reached a settlement with TrueCoin LLC and TrustToken Inc. over the unregistered sale of TrueUSD stablecoin.
TrueCoin LLC and TrustToken Inc. have settled SEC charges related to fraudulent and unregistered sales of investment contracts over TrueUSD.