Wormhole initiated a new proposal on the Curve governance forum, proposing to reduce the crvUSD collateral TUSD cap to zero due to regulatory risks and solvency issues, "to completely eliminate exposure to TUSD." The proposal also proposed to reduce the mintable amount of PayPal's stablecoin PYUSD from $15 million to $5 million, "so the reliance on each PegKeeper is appropriate to the importance of the respective pool." Currently, the main collateral for minting crvUSD also includes ETH and WBTC. On September 24, the U.S. SEC reached a settlement on charges of TrueCoin and TrustToken's alleged fraud and unregistered sales of investment contracts involving TrueUSD. The allegation stated that 99% of TUSD's reserve funds were invested in high-risk offshore funds, raising concerns about its security and solvency. (Cointelegraph).