TrueUSD (TUSD), a stablecoin associated with Justin Sun, has slipped below its $1 peg.

The price drop is linked to TUSD not being listed on Binance's Manta launch pool and the lack of TUSD mining in Binance's recent launch pool.

TUSD assets are being heavily sold, with sell orders surpassing buy orders by $155 million.

TUSD supply has dropped to its lowest since June 2023 due to the ongoing issues.

Doubts have been raised about the stability of TUSD and its collateral attestations report, though it is now functional again.

TrueUSD has not yet made a public statement about the situation.