S&P Global Ratings has given TrueUSD (TUSD) its lowest stability score of 5, citing significant concerns over corporate governance and transparency. The rating agency pointed to the freezing of TUSD's $456 million reserves due to a legal dispute in a Dubai court as a critical factor. Despite these challenges, liquidity support from Techteryx is currently helping to maintain TUSD's stable price. TrueUSD is also navigating a complex regulatory environment and ongoing legal issues with its former operator, contributing to its precarious position. The stablecoin's future remains uncertain as it continues to operate in a regulatory gray area.