TUSD Lending Rates Surge as Stablecoin Briefly Rallies to $1.20!

After TUSD suddenly rocketed to $1.20 on Monday, DeFi traders pushed lending rates for TrueUSD, the centralized stablecoin preferred by Binance following a regulatory crackdown on its own BUSD token into the triple digits. TUSD momentarily soared to $1.20 on Binance while drifting closer to $1.03 on competing exchanges, according to Kaiko statistics.