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 TrueUSD deploys new reserve audit system in attempt to recover dollar peg

TrueUSD deploys new reserve audit system in attempt to recover dollar peg


Published: 2024-01-18


1. TrueUSD Reserve Audit System: In this article,the main topic discussed is the TrueUSD reserve audit system. TrueUSD is a stablecoin pegged to the US dollar and the article sheds light on the importance of regular audits to ensure that the reserves backing the cryptocurrency are sufficient. The audit system helps to maintain transparency and build trust among users. It not only verifies the amount of money backing the cryptocurrency but also ensures that it is allocated appropriately. This topic underlines the significance of trust and reliability in the stablecoin market.

2. Depeg Data: Another topic discussed in the article is the concept of depeg data. This refers to the data that shows the difference between the value of the stablecoin and the pegged asset,which in this case is the US dollar. The article highlights the need for real-time access to this data to accurately assess the stability and health of stablecoins. Depeg data enables users and investors to monitor any deviations from the pegged value and make informed decisions based on market conditions.

3. Importance of Transparency and Confidence: The third major theme of the article revolves around the importance of transparency and confidence in the stablecoin market. The TrueUSD reserve audit system and access to depeg data contribute to building trust among users and investors. By providing detailed information about the reserves and offering real-time data on the stability of the stablecoin,TrueUSD aims to instill confidence in the market. This topic highlights the significance of transparency and reliability in the cryptocurrency industry,particularly in the stablecoin sector. Overall,this article primarily focuses on the TrueUSD reserve audit system and emphasizes the importance of transparency,confidence,and the availability of accurate depeg data. These topics demonstrate the efforts being made to ensure the stability and reliability of stablecoins in the cryptocurrency market today.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,095.50 1,516,528,983.10
2 BTC title=BTC 63,866.59 1,130,228,008.61
3 ETH title=ETH 3,134.60 610,351,006.90
4 PEPE title=PEPE <0.01 296,931,906.51
5 SOL title=SOL 146.27 280,144,252.34
6 DOGE title=DOGE 0.16 248,712,499.04
7 WIF title=WIF 3.25 152,081,972.82
8 WLD title=WLD 5.86 144,296,076.54
9 NEAR title=NEAR 7.32 113,081,428.35
10 RNDR title=RNDR 9.83 112,670,920.53
11 BOME title=BOME 0.01 101,623,496.32
12 ENA title=ENA 0.87 82,341,907.01
13 ARKM title=ARKM 2.64 79,757,744.53
14 ETHFI title=ETHFI 4.18 78,173,131.13
15 AR title=AR 40.26 75,897,483.25
16 BONK title=BONK <0.01 73,631,997.56
17 XRP title=XRP 0.53 64,296,805.72
18 FLOKI title=FLOKI <0.01 64,076,654.11
19 SUI title=SUI 1.11 61,903,529.34
20 AVAX title=AVAX 37.22 53,273,103.91
21 GLM title=GLM 0.62 48,339,881.70
22 AGIX title=AGIX 0.98 39,648,651.58
23 OP title=OP 2.91 36,819,762.10
24 USTC title=USTC 0.02 36,782,505.08
25 ORDI title=ORDI 39.88 35,302,644.05
26 RUNE title=RUNE 5.24 35,282,542.17

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 TerraClassicUSD title=USTC 0.02 +26.03
2 Arkham title=ARKM 2.64 +16.97
3 Worldcoin title=WLD 5.86 +16.03
4 NFPrompt title=NFP 0.49 +15.15
5 Any Inu title=AI 1.17 +13.12
6 SingularityNET title=AGIX 0.98 +12.15
7 IQ title=IQ 0.01 +11.40
8 Ethernity Chain title=ERN 4.49 +11.06
9 Arweave title=AR 40.26 +10.71
10 Cortex title=CTXC 0.35 +10.56
11 Ocean Protocol title=OCEAN 0.99 +10.47
12 iExec RLC title=RLC 2.87 +10.28
13 Reserve Rights title=RSR <0.01 +9.93
14 Vanar Chain title=VANRY 0.19 +9.50
15 Terra Luna Classic title=LUNC <0.01 +9.30
16 Numeraire title=NMR 27.12 +9.22
17 Terra title=LUNA 0.65 +9.12
18 Render title=RNDR 9.83 +9.01
19 Ethena title=ENA 0.87 +8.64
20 Ether.fi title=ETHFI 4.18 +8.21
21 Phala title=PHA 0.20 +7.88
22 Marlin title=POND 0.02 +7.70
23 TrueFi title=TRU 0.12 +7.65
24 Golem title=GLM 0.62 +7.62
25 PlayDapp title=PDA 0.08 +7.47
26 Atlas Aggregator title=ATA 0.20 +7.28
27 Cosmos Hub title=ATOM 9.34 +7.24
28 NEAR Protocol title=NEAR 7.32 +7.01
29 SelfKey title=KEY <0.01 +6.88
30 JasmyCoin title=JASMY 0.02 +6.69

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 REZ 0.18 -5.40
2 LeverFi title=LEVER <0.01 -5.01
3 DataBot title=DATA 0.06 -4.72
4 Komodo title=KMD 0.40 -4.21
5 Shentu title=CTK 0.70 -3.21
6 Vite title=VITE 0.02 -3.02
7 Ontology Gas title=ONG 0.59 -2.79
8 dogwifhat title=WIF 3.25 -2.57
9 SafePal title=SFP 0.80 -2.35
10 Lazio Fan Token title=LAZIO 2.98 -2.33
11 QuarkChain title=QKC 0.01 -2.16
12 AS Roma Fan Token title=ASR 3.57 -2.06
13 Sei title=SEI 0.56 -1.89
14 Bonk title=BONK <0.01 -1.85
15 MANTRA title=OM 0.77 -1.78
16 Coin98 title=C98 0.28 -1.67
17 Clover Finance title=CLV 0.07 -1.59
18 Alpine F1 Team Fan Token title=ALPINE 1.86 -1.48
19 Lido DAO title=LDO 2.01 -1.23
20 High title=HIGH 4.10 -1.16
21 Keep3rV1 title=KP3R 73.31 -1.01
22 NULS title=NULS 0.65 -1.00
23 Avalanche title=AVAX 37.22 -0.93
24 Request title=REQ 0.13 -0.93
25 WINkLink title=WIN <0.01 -0.89
26 Akropolis title=AKRO <0.01 -0.80
27 Alpaca Finance title=ALPACA 0.18 -0.79
28 Lisk title=LSK 1.89 -0.74
29 Chromia title=CHR 0.27 -0.59
30 Amp title=AMP <0.01 -0.54

Bitcoin's Greed and Fear Index.

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71
Greed

Global CryptoCurrency News

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4 Coinbase faces new lawsuit over alleged investor deception 2024-05-05
5 Uniswap CEO weighs In on ethical token distribution 2024-05-05
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7 Warren Buffett compares AI to nukes after seeing deepfake doppelganger 2024-05-05
8 More than half of the Fortune 100 uses Apples Vision Pro headset 2024-05-05
9 Bitcoin will 039propel the next leg up039 if key trading pattern confirms Traders 2024-05-05
10 Grayscales GBTC stops bleeding First net inflows since launch 2024-05-04
11 LayerZero tackles sybil activity with self reporting mechanism 2024-05-04
12 BTC e founder pleads guilty in 9B money laundering conspiracy 2024-05-04
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14 Bitcoin opens 63K futures gap as thin liquidity threatens BTC price 2024-05-04
15 Vodafone looks to integrate crypto wallets with sim cards 2024-05-04
16 Australian court rules against Qoin issuer BPS Financial on 4 charges 2024-05-04
17 SEC delays decision on 7RCCs eco friendly spot Bitcoin ETF 2024-05-04
18 Losses due to crypto hacks fall 67 Bitcoin DeFi interest rises Finance Redefined 2024-05-04
19 Snowden goes after Bitcoin devs Elon Musk and puppy killers in X flurry 2024-05-04
20 Crypto Biz The Bitcoin summer Avalanche integrates with Stripe and more 2024-05-04
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22 Former Cred execs face wire fraud and money laundering charges 2024-05-04
23 Grayscales GBTC stops bleeding First inflow since launch 2024-05-04
24 Biggest Friendtech whale dumps tokens as users struggle to claim airdrop 2024-05-03
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36 Terraform claims SEC offered no evidence for 47B in disgorgement 2024-05-03
37 Crypto leaders should stop flirting with CBDCs 2024-05-03
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50 Bitcoin price correction very common if 56K lows hold Peter Brandt 2024-05-02

US news that has a significant impact on the market

at news day date time
1 FOMC Member Barkin Speaks Monday 06-05-2024 17:50
2 FOMC Member Williams Speaks Monday 06-05-2024 18:00
3 Loan Officer Survey Monday 06-05-2024 19:03
4 RCM/TIPP Economic Optimism Tuesday 07-05-2024 15:03
5 Consumer Credit m/m Tuesday 07-05-2024 20:00
6 Final Wholesale Inventories m/m Wednesday 08-05-2024 15:00
7 Crude Oil Inventories Wednesday 08-05-2024 15:30
8 FOMC Member Jefferson Speaks Wednesday 08-05-2024 16:00
9 10-y Bond Auction Wednesday 08-05-2024 18:01
10 FOMC Member Cook Speaks Wednesday 08-05-2024 18:30
11 Unemployment Claims Thursday 09-05-2024 13:30
12 Mortgage Delinquencies Thursday 09-05-2024 15:00
13 Natural Gas Storage Thursday 09-05-2024 15:30
14 30-y Bond Auction Thursday 09-05-2024 18:01
15 FOMC Member Bowman Speaks Friday 10-05-2024 14:00
16 Prelim UoM Consumer Sentiment Friday 10-05-2024 15:00
17 Prelim UoM Inflation Expectations Friday 10-05-2024 15:00
18 FOMC Member Barr Speaks Friday 10-05-2024 18:30
19 Federal Budget Balance Friday 10-05-2024 19:00

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