On June 22, TrueUSD announceon Twitter that its TUSD stablecoin was unaffected by the troubled Prime Trust, which reportedly faces regulatory challenges.
According to an order from the state financial regulator, Prime Trust in Nevada Deposits and withdrawals of fiat and cryptocurrency have been suspended. all of a sudden At this time, it affects many customers.
From the latest news, TrueUSD immediately announced that Prime Trust’s “I am not affected by the situation”, TrueUSD emphasized that it has diversified its cooperation.
“PrimeTrust has suspended all deposits of fiat and digital assets, but TrueUSD (#TUSD) is unaffected by this situation. Rest assured that all your funds are safe with TUSD.”
Prime Trust is a technology-driven trust company that offers a wide range of services to digital asset companies. Offerings include token and fiat custody, money processing, anti-money laundering and Know Your Customer compliance and transaction technology solutions. The company plays an important role in supporting the digital currency ecosystem.
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