- TUSD-20Negative
TUSD news archive
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- TUSD+60Positive
Huma Finance (@humafinance)
Another incredible week for PayFi and our ecosystem partners. From global payment giants to the largest allocators, PayFi was the theme of the past week. Headlines ↓ 1️⃣ @WesternUnion, one of the largest payment networks, launched @USDPT_ on @solana via @Anchorage. 2️⃣ Kraken parent @Payward acquired @reapglobal for $600 million, expanding @PaywardServices with globally regulated card issuance and stablecoin payments. 3️⃣ @Visa expanded stablecoin settlement to Arc, Base, Canton, Polygon, and Tempo as volume reaches $7B with 50% QoQ growth. 4️⃣ @a16zcrypto raised $2.2B for their new fund, highlighting payments and on-chain finance as the leading use cases. 5️⃣ @HaunVentures raised $1B to invest in the new financial infrastructure including payments, banking, capital markets, custody, foreign exchange, as well as the agentic economy. 6️⃣ Huma selected @chainlink’s CCIP for cross-chain expansion of yield products, enabling the expansion of PST across chains while maintaining the highest level of security. 7️⃣ @raincards is now a @mastercard Principal Member. Stablecoin card infrastructure, now with global network reach. 8️⃣ @jpmorgan's 2026 Payments Outlook Report reiterates, “The next generation of payments will be defined by liquidity." 9️⃣ @Tether launched Developer Grants Program to fund local-first AI and payments infrastructure. 🔟 @fun announced $72 million Series A, co-led by @multicoin and @SignalFire to modernize global payments for modern fintechs. 1️⃣1️⃣ @Meta begins offering USDC creator payouts to wallets on Solana and Polygon.
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CoinDesk (@CoinDesk)
🇺🇸 NEW: U.S. FDIC proposes first U.S. stablecoin rule to emerge from GENIUS Act @jesseahamilton reports: https://www.coindesk.com/policy/2025/12/16/u-s-fdic-proposes-first-u-s-stablecoin-rule-to-emerge-from-genius-act
- TUSD+20Positive
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H.E. Justin Sun 👨🚀 🌞 (@justinsuntron)
As the founder of TRON and a passionate advocate for blockchain innovation, I've always believed in building a transparent, secure, and decentralized future. Today, I want to update you on a critical chapter in the story of TrueUSD—a stablecoin that has faced significant challenges but is now on a path to asset recovery and justice. This is a story of resilience, accountability, and the relentless pursuit of justice in our industry. Back in April this year, I held a press conference where I officially announced the rescue plan to bail out all public holders of TUSD stablecoins to cover a liquidity shortfall for approximately $500m, utilizing my personal financial resources. The liquidity problem wasn't due to poor management on TUSD operations. Rather, as Techteryx has pleaded in detail in court filings, the liquidity problem stemmed from what we discovered to be a large-scale fraud and misappropriation by a group of rogue financial fiduciaries responsible for safeguarding TUSD reserve assets, including ARIA group, First Digital Trust (FDT), Legacy Trust, Finaport, Truecoin, and key individuals involved in the fraud such as Matthew Brittain, Vincent Chok, Alex De Lorraine and Yai Sukonthabhund. After the TUSD business was acquired by Techteryx, evidence of this fraudulent scheme by Aria and these co-conspirators to steal the TUSD reserve assets through lies and deception started to emerge. For justice and accountability, Techteryx has filed lawsuits in several jurisdictions including in the Courts of Dubai International Financial Centre with detailed allegations about how members of this Aria fraud conspiracy misappropriated roughly $500m in TUSD reserves through fraud. It is clear that at the heart of the Aria global scam is a group of bad actors who betrayed their professional and fiduciary duties, siphoned off client assets, pocketed illicit kickbacks, and laundered illicit gains through a web of offshore shells. After extensive litigation in DIFC Courts, the DIFC Courts found there is a serious issue to be tried that the defendants fraudulently induced the consent of Techteryx by misrepresenting Aria Commodity Finance Fund as a low-risk vehicle focused on "short-term asset-backed trade finance" with credit insurance from reputable institutions. However, the money was not used for such purposes, but was instead diverted to Aria Commodities DMCC (“Aria DMCC”), a private company in Dubai controlled by the wife of Matthew Brittain, the mastermind of Aria’s global scam operations. As the facts come to light, the scam seems to be truly global, with financial centres of Dubai and Hong Kong at the core with funds also routed through Cayman Islands, the US, Australia, the UK, Singapore, Lichtenstein, Ukraine and Africa among other countries and regions. Subsequently, all missing funds were either laundered off or tied up in non-redeemable loans for a diverse range of dubious projects such as an unprofitable bitumen manufacturing facility in the UAE, obscure coal mining rights in Africa, crypto transactions with FTX, commodity projects in places like the US and Ukraine, unsubstantiated port infrastructure and renewable energy initiatives in Australia of little to no value. It is clear that by making fraudulent representations to disguise Aria Commodity Finance Fund as low risk and liquid (as evidenced in the US SEC complaints against Truecoin), in his capacity as a fiduciary agent for Techteryx, Alex De Lorraine aided and abetted Matthew Brittain, Vincent Chok and Yai Sukonthabhund to defraud Techteryx and siphon off nearly $500 million from TUSD’s reserve funds.
- TUSD+70Positive
H.E. Justin Sun 👨🚀 🌞 (@justinsuntron)
Six months after our announcement to bail out all public holders of TUSD, where US$456m of US Dollar reserves were siphoned-off by a group of fraudsters involving ARIA group, First Digital Trust and Legacy Trust, among others, I am pleased to see that progress has been made in Techteryx’s pursuit for justice and restitution of the missing funds. HE Justice Michael Black KC of the Dubai International Financial Centre (DIFC) Courts, recently affirmed a proprietary injunction and world-wide freezing order against ARIA DMCC as well as all laundered proceeds from the $456m that belong to TUSD. Techteryx is actively tracking and tracing all missing funds with the aim of eventual recovery. Click here for the full judgement by the DIFC Court: https://t.co/VccdDl9fPY This serves a strong notice to all persons knowingly involved in global scam operations of ARIA. You can run but you cannot hide; we will come after you wherever you are!
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Aggr News (@AggrNews)
DUBAI COURT FREEZES $456M LINKED TO JUSTIN SUN’S BAILOUT OF TRUEUSD ISSUER TECHTERYX: COINDESK
- TUSD-70Negative
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Wu Blockchain (@WuBlockchain)
According to crypto reporter Eleanor Terrett, Acting CFTC Chair Caroline D. Pham has announced a new initiative to allow stablecoins to be used as tokenized collateral for the first time in U.S. derivatives markets. The proposal originated from the February 2025 Crypto CEO Forum, and the CFTC is now seeking public comment on valuation, custody, settlement, and rule amendments, with feedback due by October 20. https://t.co/ZMNimfbvpL
- TUSD+20Positive
Blockworks (@Blockworks_)
BREAKING: The first-ever stablecoin bill is poised to become law after passing the House https://blockworks.co/news/genius-act-passes-house
- TUSD+85Positive
- TUSD+30Positive
The Block (@TheBlock__)
US Senate votes to move forward with GENIUS Act as stablecoin legislation picks up speed theblock.co/post/357821/us…
- TUSD+70Positive
Hyperlane ⏩ (@hyperlane)
Introducing tUSD, the yield-bearing stablecoin for Eclipse. Abstracted for simplicity -> just press mint and receive on @EclipseFND, connected by Hyperlane. Mint Now ⏩ https://t.co/H6QyKIoa8t
- TUSD+75Positive
- TUSD-70Negative
H.E. Justin Sun 🍌 (@justinsuntron)
$50M bounty on the line. The truth is worth it. #web3bounty.io #ScammerHunter #Web3Bounty https://x.com/justinsuntron/status/1908126661075476688 Quote [@justinsuntron](https://www.twitter.com/justinsuntron/status/1908126661075476688) > (1/3) 🚨$50 Million Bounty Program - First Digital Trust Scam > > I hereby officially announce: A $50 million bounty program (equivalent to roughly 10% of my liquidity support or the stolen TUSD reserves) will be offered to recover the TUSD reserves misappropriated by bad actors… Quote [@justinsuntron](https://www.twitter.com/justinsuntron/status/1908126661075476688) > (1/3) 🚨$50 Million Bounty Program - First Digital Trust Scam > > I hereby officially announce: A $50 million bounty program (equivalent to roughly 10% of my liquidity support or the stolen TUSD reserves) will be offered to recover the TUSD reserves misappropriated by bad actors…
- TUSD-30Negative
H.E. Justin Sun 🍌 (@justinsuntron)
$50M bounty on the line. The truth is worth it. #web3bounty.io #ScammerHunter #Web3Bounty https://x.com/justinsuntron/status/1908126661075476688 Quote [@justinsuntron](https://www.twitter.com/justinsuntron/status/1908126661075476688) > (1/3) 🚨$50 Million Bounty Program - First Digital Trust Scam > > I hereby officially announce: A $50 million bounty program (equivalent to roughly 10% of my liquidity support or the stolen TUSD reserves) will be offered to recover the TUSD reserves misappropriated by bad actors… Quote [@justinsuntron](https://www.twitter.com/justinsuntron/status/1908126661075476688) > (1/3) 🚨$50 Million Bounty Program - First Digital Trust Scam > > I hereby officially announce: A $50 million bounty program (equivalent to roughly 10% of my liquidity support or the stolen TUSD reserves) will be offered to recover the TUSD reserves misappropriated by bad actors…
- TUSD-40Negative
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CoinDesk (@CoinDesk)
.@justinsuntron calls for changes to Hong Kong's laws around trusts after bailing out TrueUSD, @thesamreynolds reports trib.al/0f8LlDg
- TUSD-80Negative
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Wu Blockchain (@WuBlockchain)
Justin Sun accused FDT/First Digital Trust of managing TUSD's $501 million reserve but refusing to redeem it. FDT is also the issuer of FDUSD, the stablecoin currently supported by Binance. Justin Sun claimed that FDT was actually bankrupt and could not redeem customer funds. FDT said it was due to AML/KYC concerns and concerns about the true identity of the ultimate beneficial owner. x.com/justinsuntron/…
- TUSD-80Negative
zoomer (@zoomerfied)
[ ZOOMER ] JUSTIN SUN BAILED OUT TUSD AFTER STABLECOIN HAD $500M HOLE IN BALANCE DUE TO "LARGE SCALE FRAUD": COINDESK
- TUSD-70Negative
Wu Blockchain (@WuBlockchain)
Binance announced that it will delist all non-MiCA compliant stablecoin trading pairs in the European Economic Area starting March 31, including USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. Binance recommends that users convert these assets to MiCA compliant stablecoins such as USDC, EURI, or the euro (EUR). binance.com/en/support/ann…
- TUSD-50Negative
Wu Blockchain (@WuBlockchain)
Binance conducts periodic reviews of all listed spot trading pairs, and delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume: ACE/BTC, ACM/TRY, BOME/BTC, DYM/BTC, MTL/TRY, PIXEL/BNB, PIXEL/FDUSD, QKC/BTC, RAD/BTC, REZ/FDUSD, TUSD/TRY. binance.com/en/support/ann…
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CoinDesk (@CoinDesk)
A new proposal on @CurveFinance suggests removing $TUSD as collateral for the DEX's stablecoin, $crvUSD, due to concerns over TUSD's stability and regulatory issues, reducing its backing limit to zero. By @shauryamalwa. trib.al/KDESMLE
- TUSD-30Negative
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Wu Blockchain (@WuBlockchain)
Curve Finance is considering removing TrueUSD (TUSD) from the collateral list of the stablecoin crvUSD, as the SEC previously accused TrueCoin, the issuer of TUSD, of violating securities laws. Wormhole proposed that the TUSD collateral cap of crvUSD should be reduced to zero to…
- TUSD-65Negative
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Wu Blockchain (@WuBlockchain)
The US SEC announced a settlement with TrustToken and TrueCoin, the latter of which was suspected of defrauding TUSD investors. The SEC stated: “As alleged, by September 2024, 99% of the reserves backing TUSD were invested in the speculative fund” and the defendants “offered and…
- TUSD-30Negative
CoinDesk (@CoinDesk)
The @SECGov settled fraud accusations with firms associated with the TrueUSD stablecoin (@tusdio) and Archblock. @jesseahamilton reports trib.al/Ekv9pBK
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The Block (@TheBlock__)
SEC settles charges against TrueCoin LLC and TrustToken Inc. involving stablecoin TrueUSD theblock.co/post/317977/se…
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Blockworks (@Blockworks_)
BREAKING: TrustToken and TrueCoin settle with the SEC over TrueUSD
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The Block Pro Headlines (@theblockupdates)
*US SEC SETTLES CHARGES AGAINST TRUECOIN LLC AND TRUSTTOKEN INC. INVOLVING STABLECOIN PROGRAM - THE BLOCK PRO
- TUSD-85Negative
db (@tier10k)
*SEC CLAIMS 99% OF TUSD RESERVES WERE INVESTED IN 'SPECULATIVE OFFSHORE FUND' Source: DB
- TUSD-90Negative
db (@tier10k)
*SEC CHARGES TRUSTTOKEN AND TRUECOIN WITH DEFRAUDING INVESTORS Source: DB
- TUSD+70Positive
Wu Blockchain (@WuBlockchain)
Trump said at the Bitcoin Conference that if elected in November, he would fire Gary Gensler, prevent the U.S. from selling its Bitcoin holdings, and build a strategic Bitcoin reserve. Trump also praised the development of stablecoins and support for the Bitcoin mining industry…
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