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WSJ — World — Stablecoins — Cryptocurrencies — Regulation — Transparency

A Crypto Mystery: Who Controls This Fast-Growing Stablecoin?

The market value of TrueUSD, a fast-growing stablecoin, has doubled to $3 billion since March, raising concerns about its governance and transparency. The co-founders are in a legal dispute over its growth, and the mystery of who controls it remains unsolved.

1 min read
  • TrueUSD, a fast-growing stablecoin, has seen its market value double to $3 billion since March.
  • No one is sure who controls TrueUSD, adding to concerns about its governance and transparency.
  • Regulators are pushing for greater transparency in stablecoins backed by traditional assets.
  • Co-founders of TrueUSD are locked in a legal dispute over its growth and ownership.
  • Crypto tycoon Justin Sun denies any involvement with TrueUSD or its parent company.
A Crypto Mystery: Who Controls This Fast-Growing Stablecoin?
Market cap of TrueUSD has more than doubled since March
WSJVicky Ge Huang and A

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