Last Updated on June 10, 2023 by COINBUZZFEED
TrueUSD (TUSD) announced that the minting service provided through Prime Trust has been temporarily paused.
TrueUSD, a prominent stablecoin in the cryptocurrency ecosystem, has temporarily halted the minting of TUSD tokens through its partnership with Prime Trust.
While the temporary pause affects the minting service through Prime Trust, it is important to note that TUSD minting and redemption services as a whole remain unaffected. TrueUSD’s partnerships with other banking institutions are still intact, allowing users to continue minting and redeeming TUSD tokens with ease.
Despite the temporary suspension of TUSD mints via Prime Trust, users can rest assured that their ability to mint and redeem TUSD tokens will not be impacted.
