TrueUSD (TUSD) falls below $1 peg amidst reports of heavy selling on Binance
Amidst concerns of undercollateralization and significant selling pressure, TrueUSD (TUSD), a stablecoin linked to Justin Sun, has seen its value drop below its intended $1 peg. The depegging event occurred around January 15, 11:00 am UTC, with TUSD plummeting to as low as $0.984 by 11:15 pm. Currently, TUSD is trading at $0.988, representing a…