However, TUSD issuer previously said that it had “no exposure” to the imploded crypto custodian Prime Trust, which acted as the stablecoin’s banking partner in the U.S. The issuer tweeted it paused minting tokens via Prime Trust on June 10, adding that “minting and redemptions services remain unaffected” through other banking rails.
Related posts
-
DOJ Appoints Consulting Firm for Three-Year Monitoring Role of Crypto Exchange Binance: Report
The U.S. Department of Justice (DOJ) has reportedly appointed a London-based consulting firm to serve as... -
Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth
Over the past 19 days, the stablecoin economy has... -
U.S. House’s McHenry Says Bill on Crypto Market Structure Will Get Floor Vote
The bill, which had also been approved by the House Agriculture Committee, is the “culmination of...