{"id":389359,"date":"2024-01-16T11:35:20","date_gmt":"2024-01-16T11:35:20","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=389359"},"modified":"2024-01-16T11:36:34","modified_gmt":"2024-01-16T11:36:34","slug":"tusds-supply-hits-low-as-stablecoin-struggles-to-maintain-1-peg","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/tusds-supply-hits-low-as-stablecoin-struggles-to-maintain-1-peg\/","title":{"rendered":"TUSD&#8217;s supply hits low as stablecoin struggles to maintain $1 peg"},"content":{"rendered":"<p>TrueUSD (<a href=\"https:\/\/cryptoslate.com\/coins\/true-usd\/\">TUSD<\/a>) stablecoin experienced wild volatility the past day as it fell below the $1 peg amid its declining supply.<\/p>\n<p>Data from <em>CryptoSlate<\/em> shows that the stablecoin fell to as low as $0.984 during the reporting period and has yet to regain its peg as of press time. Chainlink's TUSD <a href=\"https:\/\/data.chain.link\/ethereum\/mainnet\/crypto-usd\/tusd-usd\">data<\/a> also confirms this downtrend, with the Justin Sun-linked stablecoin exchanging hands for $0.98535493.<\/p>\n<p>Trading activity analyzed on various platforms shows that the stablecoin holders have been dumping their assets.<\/p>\n<p>For context, <a href=\"https:\/\/cryptoslate.com\/companies\/binance\/\">Binance<\/a> data shows that about 60% of the cash flow around TUSD has gone to the asset's sales. TUSD saw sell orders exceeding $450 million against around $296 million in buy orders. This leaves a deficit of around $155 million.<\/p>\n<p>Observers have suggested the absence of TUSD mining in Binance's latest launch pool contributed to the sales. Adam Cochran, the managing partner at Cinneamhain Ventures, <a href=\"https:\/\/x.com\/adamscochran\/status\/1747038561151439031?s=20\">praised<\/a> the crypto exchange for not supporting the embattled asset in its latest pool.<\/p>\n<p>TUSD's Curve pool further shows it is heavily imbalanced as of press time, with crypto traders showing preferences for Tether's <a href=\"https:\/\/cryptoslate.com\/coins\/tether\/\">USDT<\/a>, Circle's USD Coin (<a href=\"https:\/\/cryptoslate.com\/coins\/usd-coin\/\">USDC<\/a>), and\u00a0<a href=\"https:\/\/cryptoslate.com\/coins\/multi-collateral-dai\/\">DAI<\/a>.<\/p>\n<p>The TUSD Curve <a href=\"https:\/\/curve.fi\/#\/ethereum\/pools\/tusd\/deposit\">dashboard<\/a> shows that the stablecoin accounts for nearly 88% of the pool's $70,396 reserve, while USDT made up roughly 8%. The other stablecoins in the pool make up the 5% balance.<\/p>\n<p>Similarly, Whale Alert also <a href=\"https:\/\/x.com\/whale_alert\/status\/1746920227906920755?s=20\">flagged<\/a> the burning of 54 million TUSD tokens during the past day. Stablecoins are burned when users convert their holdings into fiat.<\/p>\n<p>The stablecoin is also facing concerns over its collateral attestations report. Members of the crypto community <span class=\"s8\"><a href=\"https:\/\/x.com\/NoCryptFish\/status\/1745081696930660483?s=20\">highlighted<\/a> a pause in the real-time attestation of TUSD on Jan. 10. The screenshot shared showed that the balance ripcord is usually triggered when there is an &#8220;actual imbalance of liabilities and corresponding assets.&#8221;<\/span><\/p>\n<p class=\"s3\">However, the attestation has become functional, with the stablecoin collateral at 101% on the website as of press time.<\/p>\n<figure id=\"attachment_389376\" aria-describedby=\"caption-attachment-389376\" style=\"width: 1074px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-389376\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-16-104901.jpg\" alt=\"TUSD Stablecoin\" width=\"1074\" height=\"364\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-16-104901.jpg 1074w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-16-104901-300x102.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-16-104901-1024x347.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-16-104901-768x260.jpg 768w\" sizes=\"(max-width: 1074px) 100vw, 1074px\" \/><figcaption id=\"caption-attachment-389376\" class=\"wp-caption-text\">TrueUSD Collateral Balances. (Sources: TUSD)<\/figcaption><\/figure>\n<p>Meanwhile, the drama surrounding the stablecoin has severely impacted its supply, falling under $2 billion, its lowest level since June 2023. TUSD had seen a dramatic uptick in 2023, <a href=\"https:\/\/cryptoslate.com\/could-a-new-surge-in-tusd-supply-trigger-another-btc-rally\/\">climbing to a peak<\/a> of $3.5 billion in September from $840 million at the start of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TrueUSD (TUSD) stablecoin experienced wild volatility the past day as it fell below the $1 peg amid its declining supply. Data from CryptoSlate shows that the stablecoin fell to as low as $0.984 during the reporting period and has yet to regain its peg as of press time. Chainlink&#8217;s TUSD data also confirms this downtrend, [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":389373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32631],"tags":[77811,78031],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TUSD&#039;s supply hits low as stablecoin struggles to maintain $1 peg<\/title>\n<meta name=\"description\" content=\"TrueUSD TUSD stablecoin falters under pressure as sell orders soar on various crypto trading platforms.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/tusds-supply-hits-low-as-stablecoin-struggles-to-maintain-1-peg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TUSD&#039;s supply hits low as stablecoin struggles to maintain $1 peg\" \/>\n<meta property=\"og:description\" content=\"TrueUSD TUSD stablecoin falters under pressure as sell orders soar on various crypto trading platforms.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/tusds-supply-hits-low-as-stablecoin-struggles-to-maintain-1-peg\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-16T11:35:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-16T11:36:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/tusd-depeg-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/tusds-supply-hits-low-as-stablecoin-struggles-to-maintain-1-peg\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/tusds-supply-hits-low-as-stablecoin-struggles-to-maintain-1-peg\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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