TrueUSD (TUSD), a stablecoin with a market cap exceeding $3.1 billion, has faced a significant de-pegging, dropping to as low as $0.995. This downturn coincided with the exit of Changpeng “CZ” Zhao as the CEO of Binance, the world’s largest cryptocurrency exchange. The price volatility intensified as concerns grew, leading to increased liquidation of TrueUSD