As reported by Bijiie, S&P Global Ratings has assigned TrueUSD (TUSD) the lowest stability score of 5, citing weak corporate governance and low transparency. The report highlights that TUSD's $456 million in reserves is frozen due to a Dubai court dispute, with liquidity support from Techteryx currently maintaining its stable price. TUSD remains in a regulatory gray area and faces ongoing legal challenges from its former operator.
S&P Rates TrueUSD with Lowest Stability Score Amid Governance and Legal Issues
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.