Scoop: TrueUSD pauses attestations amid Prime Trust issues
The automated attestation s for TrueUSD are currently pause d, citing a balances issue . Provided by The Network Firm for TrueUSD , the system includes a ‘ripcord’ feature that notifies users if there is a problem that could affect the ability to generate attestation s. Currently, the ‘Balances’ ripcord is active, which according to Archblock means: “During the last reporting interval, the LedgerLens system received responses, errors, or non-responses from third-party systems or accounts resulting in the sum total of liabilities being greater than the sum total of the relevant assets. Screenshot of the TrueUSD ripcord from Archblock’s website . “Commonly, over the historical operation of the system, the Balances ripcord is triggered by temporary imbalances seen in normal operations (such as funds in transit, or management opening a new bank account not yet integrated into the system). However, the Balances ripcord can also be triggered due ...