Binance Postpones TrueUSD Listing After Stable Coin Spikes

Binance postpones planned listing of TrueUSD soon after the stable currency price spiked to $1.30 USD, begging the question, what does stable mean?
TrueUSD Listing Postponed
TrueUSD launched by San Francisco based TrustToken in March is a so-called stable coin which is purportedly pegged to the US dollar similar to Tether. According to TrustToken the difference is that TrueUSD is fully backed one to one with US dollars. The fiat is in numerous escrow accounts held by third-party partne