The Network Firm, which provides attestation to tusdio, said that $26,434 of funds are held at a U.S. custody firm which has been 'ordered by state regulators to halt deposits and withdrawals.” sndr_krisztian reports
Attestation provider The Network Firm’s examination revealed on June 23 that $26,434 worth of TUSD backing assets “were held at a U.S. depository institution which has communicated to customers that the institution has been ordered by state regulators to halt deposits and withdrawals for fiat and digital asset accounts.” It added that $26,269 of the funds “relate to customer withdrawals for redeemed tokens.
it paused minting tokens via Prime Trust on June 10, adding that “minting and redemptions services remain unaffected” through other banking rails.Prime Trust halted withdrawals and was
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