Binance Futures plans to
remove XRP and
TUSD as margin assets, converting them to USDT. TrueUSD's (TUSD) supply has
halved, causing it to fall to 8th among stablecoins. TrueUSD's price is
wobbling towards its dollar peg amidst reports of redemption issues, possibly related to the token becoming fully controlled by an Asian owner. Concerns related to stablecoin stability were raised by S&P Global, particularly focusing on TUSD.
Binance has made the decision to
delist several TUSD trading pairs.
TrueUSD is anticipated to deploy a new reserve audit system to restore its dollar peg. Meanwhile,
Justin Sun has allegedly minted $800M in the little-used stablecoin, garnering criticism. Despite these issues, TrueUSD remains the 5th largest stablecoin, and has even seen Binance mint $130M TUSD in a week. Binance has expanded zero-fee trading on TrueUSD, even amidst criticism.
TrueUSD has been leveraging Chainlink for real-time verification of stablecoin minting. However, it faces scrutiny as control shifts to Techteryx, a move that sparked market concerns. Justin Sun, upon facing allegations of covertly buying TUSD, refutes the claims. Binance has switched to TUSD from BUSD in its SAFU fund.
TUSD Coin News Analytics from Thu, 08 Mar 2018 08:22:21 GMT to Thu, 11 Jul 2024 07:00:00 GMT -
Rating -4
- Innovation 2
- Information 6
- Rumor -2
