Over the past 30 days, the supply of the stablecoinTrueUSD (TUSD) has increased by 110%, with the number of TUSD stablecoins based on Ethereum and Tron rising by 27% and 218%, respectively. This is as a result of the USDC depegging event that occurred on March 11, 2023, when the USDC dropped to a low of $0.877 per coin and remained depegged until the US Federal Reserve announced it would bail out Silicon Valley Bank (SVB) in California and Signature Bank in New York.
Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions
