A new, Euro-pegged stablecoin called $TEURO emerged on October 13, with an initial supply of around €70 million. However, TrueUSD subsequently tweeted that “we have zero affiliation with it”. The post warned people to “step back and refrain from risky investments”.However, the post raised only more questions, as the $TEURO token had been deployed by the address that deployed the primary TrueUSD token. This means that either TrueUSD is lying when they claim they’re unaffiliated with $TEURO, or some of their private keys were compromised, allowing an unrelated party to deploy a contract appearing to belong to them.