TrustToken – DIGIT INFO

Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement

DIGIT — Wed, 25 Sep 2024 20:46:23 +0000

Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token. TUSD Faces Removal From Curve Finance Pegkeeper The proposal, authored by Wormhole Oracle, suggests slashing the debt ceiling […]

Go to Source

Curve mulls dropping TUSD as crvUSD backing after SEC charges

DIGIT — Wed, 25 Sep 2024 19:25:24 +0000

The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve’s stablecoin.

Go to Source

Trusttoken, Truecoin Settle SEC Charges Over Misleading TUSD Claims

DIGIT — Wed, 25 Sep 2024 05:46:19 +0000

The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the stablecoin trueusd (TUSD). U.S. Securities Regulator Charges Crypto Companies Trusttoken and Truecoin According to the SEC’s complaint released on Tuesday, Truecoin and Trusttoken […]

Go to Source

SEC settles charges against TrueCoin, TrustToken over TrueUSD

DIGIT — Tue, 24 Sep 2024 19:20:33 +0000

The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment.

Go to Source

Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

DIGIT — Fri, 17 Feb 2023 02:22:59 +0000

Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”

Go to Source

Uncollateralized Lending Platform Truefi Raises $12.5 Million From A16z, Alameda and Blocktower

DIGIT — Sat, 07 Aug 2021 10:20:41 +0000

Truefi, an uncollateralized loan platform, has raised $12.5 million from three important investors. The token sale was led by Blocktower, a New York-based cryptocurrency investment firm. Other important investors were Alameda Research — owned by Sam Bankman-Fried, founder of FTX — and A16z. Truefi is one of the few uncollateralized defi-based lending protocols in the […]

Go to Source

Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning Nears

DIGIT — Wed, 20 Jun 2018 13:33:57 +0000

John McAfee’s decision to stop shilling ICOs as a regulatory day of reckoning draws near is the top item in today’s edition of Bitcoin in Brief. Additional stories include Bittorrent trying to reassure users it wont cryptojack them to mine tron, Binance’s latest venture in Malta, a tether replacement getting VC backing, and Paris Hilton’s dad […]

The post Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning Nears appeared first on Bitcoin News.

Go to Source