TrueUSD: Some U.S. dollar funds are deposited at Signature Bank

Therefore, TrueCoin has suspended TUSD minting and redemption services for a small number of Signature Bank users. Minting and redemption of other users in the TrueUSD banking network remain unaffected.

Additionally, a portion of TrueUSD’s fiat USD funds are held at Signature Bank, which is now fully backed by the Federal Reserve. Currently, TrueUSD will contact TUSD users on Signature Bank directly.