Creative Translation: TUSD Unhooks by Over 2.7%, Price Plunges Below $0.972

Creative Translation: TUSD Unhooks by Over 2.7%, Price Plunges Below $0.972

Creative Translation: TUSD Unhooks by Over 2.7%, Price Plunges Below $0.972

According to CoinGecko data, the decoupling of TrueUSD (TUSD) from the US dollar has intensified. Starting from 8 am on Thursday (the 18th) Taipei time, there has been a 1.35% decline. As of the time of this article’s publication, the price of TUSD is $0.972, calculated based on $1. The decoupling has exceeded 2.7%.

Source:
CoinGecko

According to a previous report by Zombit, TUSD started to decouple from the US dollar at 8 pm on Monday. During this period, there was a significant sell-off of TUSD on the Binance cryptocurrency exchange, speculating that it may be related to Binance’s new Launchpool release.