CryptoQuant CEO: Billions of TUSD Injected into BTC and ETH Markets.

According to a post by CEO Ki Young Ju on June 25th, on the cryptocurrency data analysis platform BlockBeats, "I still believe that billions of dollars worth of TUSD have been injected into BTC and ETH due to redemption issues. This is good news for the market because as long as TUSD is legitimate, it will generate forced buying orders and push up prices." Previously, on June 22nd, the official stablecoin TrueUSD posted on social media that "Prime Trust has suspended all fiat and digital asset deposits. TUSD is not affected by this situation. TrueUSD has no risk exposure to Prime Trust and maintains multiple channels for minting and redeeming dollars. Please rest assured that all funds in TUSD are safe for users. We will continue to take proactive measures to protect our users' funds and maintain our role as a trusted and reliable partner in the cryptocurrency industry."