The recent uptick in TUSD trading comes as a result of the support and zero-fee trading promotion granted by world's leading crypto exchange Binance. TUSD, the stablecoin issued by digital asset firm ArchBlock, saw its daily trading volume go far above the typical $100 million. To the extent of surpassing $1 billion in some parts of the week as per CoinGecko’s data.

The move by Binance also comes as an act of adaptation in the face of regulatory pressure. The New York authorities had directed Paxos, the entity behind Binance USD (BUSD), to cease the minting and trading of such tokens. Following the ruling, Binance chose to back TUSD for stablecoin trading on their platform, and even went on to offer zero-fee trading promotion exclusively for BTC-TUSD pairing. This comes with subsequent expansions to other popular cryptocurrencies like Solana (SOL), Optimism (OP), Polygon (MATIC) and XRP.

TUSD’s success has been a testamentable one in the stablecoin market, with its market capitalization increasing from just below $800 million in January to $2 billion currently. It is now the fifth largest stablecoin. Reports, although denied by issuer ArchBlock, have previously linked TUSD to crypto investor Justin Sun. However, the token is under no direct influence over him following a recent lawsuit by the U.S. Securities and Exchange Commission (SEC).

In conclusion, Binance’s support of the TUSD stablecoin has resulted in incredible success thus far. With its daily trading volume surging to more than $1 billion, the future of the token looks promising. The success shows the adjustment ability of Binance under regulatory pressure and also points to the potential of the stablecoin without any external influence.



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