The US SEC has settled with TrueCoin and TrustToken, the companies behind TrueUSD, for $700,000 over allegations of misrepresenting the stablecoin's stability. The SEC claimed the firms engaged in unregistered sales and falsely marketed TUSD as fully backed by U.S. dollars, while a significant portion was invested in a risky offshore fund. TrueCoin will pay a disgorgement of $340,930, and both companies will face civil penalties of $163,766 each.