TrueUSD

Short Positions Pile Up On Leading DeFi Money Market Aave

Binance Launchpool Campaign For Sui Exacerbates Liquidity Crunch

The company behind TrueUSD, the fifth-largest stablecoin, moved $1B of the company’s reserve assets to a Bahamas-based financial institution citing the tumultuous state of the U.S. banking sector on Wednesday. Archblock, the firm that oversees TrueUSD’s $2B in reserve assets, moved the funds to Capital Union Bank. The Bahamas-based bank now holds $1.4B of the…