Is TrueUSD regulated?

As a cryptocurrency enthusiast and finance professional, I've been keeping an eye on TrueUSD, but I'm wondering about its regulatory status. Given the volatile nature of digital currencies, it's crucial to ensure that the assets I invest in are properly regulated and compliant with relevant financial laws. So, I must ask, is TrueUSD regulated? I'm particularly interested in knowing if it's subject to oversight by any regulatory bodies or if it adheres to specific standards or best practices in the financial industry. Clarifying this regulatory aspect would greatly assist me in making an informed decision about investing in TrueUSD.