Dark token TrueUSD: the secret of the crypto market worth $ 3 billion

Dark token TrueUSD: the secret of the crypto market worth $ 3 billionAccording to CoinGecko, the strange stable coins market capitalization has more than doubled in six months, and it confidently holds the fifth place in the rating of active cryptocurrencies. No one knows exactly who controls TrueUSD and how, but its share in trading volume on the main crypto exchanges has increased to 20%, although at the beginning of the year, it did not exceed 1%.TrueUSD was created in March 2018 to launch the TrustLabs project, which managed to raise large sums in an IPO from the Peter Thiel Founders Fund, as well as from the StartX, Andreessen Horowitz and Jump Trading funds.The ownership of TrueUSD was acquired by the Asian consortium Techteryx back in December 2020, but TrueUSD speculation is associated with the scandalous crypto magnate Justin Sun, who is in a legal dispute with the SEC due to price manipulation of the Tronix token (TRX).The SEC insists on transparency of owners because stable coins are guaranteed by traditional assets, such as US Treasuries. When dealing with large volumes of tokens, owners will be forced to sell real assets, which can provoke a global panic in the markets. There is also a risk that some tokens in real life are not backed by the assets claimed by the issuers. And if it is not clear who controls the token and how then flash crash situations are quite possible.TrueUSD suddenly began to gain popularity in March after the Binance crypto exchange eliminated the commission for spot transactions on BTC assets with stable coins. Investors began to actively buy TrueUSD to guarantee themselves free BTC trading, and they continue to pour money into the token. Perhaps the exchange is trying to replace its own troubled Binance Coin, and now it controls more than 90% of all TrueUSD coins in circulation. So, the risk of market manipulation is very high.How do you feel about tokens with an opaque history?Profits to yall!#ForexChief #btc #forexnews #StopLoss #stocks #market #profit #Traders #ipo #Binance #crypto