Home TrueUSD Under Fire SEC Probes Risky Offshore Investments

TrueUSD Under Fire SEC Probes Risky Offshore Investments

Share
Share

TrueUSD Under Fire SEC Probes Risky Offshore Investments

By Abhishek Chauhan

The SEC has launched an investigation into TrueUSD stablecoin, alleging that TrueCoin LLC and TrustToken Inc. misled investors about the coin’s backing, with a portion of its reserves invested in a risky offshore fund. This scrutiny echoes past stablecoin collapses like TerraUSD, raising concerns about transparency in the crypto sector.

Calls for stronger regulation are growing, as trust in financial innovations like stablecoins continues to be tested. TrueUSD, once a top stablecoin, now faces a crisis of credibility.

Share

Latest News

Grayscale Ranks Top 10 Crypto Tokens By Yield As HYPE & CAKE Lead
News

Grayscale Ranks Top 10 Crypto Tokens By Yield As HYPE & CAKE Lead

HYPE leads tokenholder yield at 8.0%, followed by Lighter (LIT) at 7.9%, according to Grayscale’s rankings. CAKE tops adjusted earnings yield at...

Circle Shareholder Sues Trump Over $2.5B In UAE-linked Crypto Deals
News

Circle Shareholder Sues Trump Over $2.5B In UAE-linked Crypto Deals

A Circle shareholder has filed a lawsuit against Donald Trump related to two cryptocurrency deals connected to the United Arab Emirates. The...

BNB Chain Sets October 28 Date For Jenner Hard Fork: 3 Key Changes
News

BNB Chain Sets October 28 Date For Jenner Hard Fork: 3 Key Changes

BNB Chain’s Jenner hard fork is set to take place on October 28, 2026, on the BNB Smart Chain testnet. Payment Lane...

Bybit Secures Full Dubai License To Offer Regulated Crypto Services
News

Bybit Secures Full Dubai License To Offer Regulated Crypto Services

Cryptocurrency exchange Bybit has obtained a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). It is...

Related Articles

Reasons Why The U.S. Tops AI Agent Commerce

The concept of agentic commerce where agents can purchase digital services and...

Do You Need A Cryptocurrency Trading Bot?

The crypto market never closes. Bitcoin can move while you are sleeping,...

How To Use Dexscreener To Find Crypto Gems

If you have ever looked at a new crypto token and wondered...

How To Build AI Agents From Scratch

Artificial Intelligence (AI) is no longer just about answering questions since AI...