Global #TrueUSD

In a recent development reported by Bloomberg, TrueCoin and TrustToken have reached an in-principle settlement with the U.S. Securities and Exchange Commission (SEC) concerning misleading statements about the backing of their TrueUSD stablecoin.

The U.S. Securities and Exchange Commission (SEC) has taken action against TrueCoin LLC and TrustToken Inc., the creators of the TrueUSD (TUSD) stablecoin, revealing that nearly all of TUSD's reserves were invested in a high-risk offshore fund.