Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin
Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair.
TrueUSD
Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair.
Archblock oversees about $2 billion in reserves that back its stablecoin TrueUSD (TUSD). After the reserve transfer, Capital Union Bank now holds more than $1.4 billion.
Stablecoin issuer says USD funds held at Signature bank now fully backstopped by Fed
TrueUSD’s (TUSD) circulating supply has more than doubled in the last two weeks, reaching over 2 billion tokens on March 13.
Key Points: Binance has reportedly turned to alternative stablecoins following regulatory action from the United States Securities and Exchange Commission (SEC) against its native stablecoin, Binance USD (BUSD). The SEC…
As the Binance USD (BUSD) stablecoin faces regulatory scrutiny, the world’s largest crypto exchange Binance is now focusing on the TrueUSD (TUSD) stablecoin. Data from crypto intelligence firm Nansen shows…
TrueUSD has become the fifth largest stablecoin after Binance minted about $130 million TUSD in the past seven days.
In the past few weeks, True USD surged in market value to become the sixth-largest stablecoin overall. Although Tether is the largest stablecoin by market cap, the situation is rapidly…
Blockchain data shows exchange giant Binance has been relying increasingly on TUSD after regulators clamped down on its Binance USD stablecoin.
With the sudden rise of crypto regulations surrounding stablecoins, TrueUSD (TUSD) stablecoin’s issuer, Archblock, announced that it will leverage Chainlink’s proof-of-reserves mechanism to enable users to confirm that its reserves…