SEC Reveals 99% of TUSD Stablecoin’s Reserves Were Invested in Risky Fund

On Tuesday, the Securities and Exchange Commission (SEC) disclosed that TrueCoin LLC and TrustToken Inc., the parties behind the TrueUSD (TUSD) stablecoin, improperly invested nearly all their reserves in a speculative offshore fund. This revelation led to a settlement of charges against the companies for fraudulent and unregistered sales of investment contracts. According to the SEC’s... source: https://beincrypto.com/sec-says-tusd-reserve-risky-fund/