On Jan. 18, TrueUSD's price dropped to $0.97, despite the company's attempts to reassure users about its fiat reserves.

TrueUSD (TUSD), a stablecoin associated with Justin Sun, the founder of Tron, has started using daily attestation services from an accounting firm to try to regain its dollar peg.

The TUSD stablecoin began to lose its dollar peg on Jan. 15, decreasing to $0.984 at 11:15 pm UTC.

This occurred as traders sold over $339 million in TUSD on the Binance exchange within 24 hours, resulting in a net outflow of $42.3 million from the exchange.

Speculation on social media suggests that the depegging might be linked to TUSD being omitted from the Manta (MANTA) launch pool initiative by Binance, with reports emerging online on Jan.10 citing that TUSD was having difficulty providing real-time confirmations of its reserves.