Cryptocurrency has seen a surge in users in recent times, with the market cap steadily increasing. This boom has caused many exchanges to reward the loyalty of crypto customers, and in late March, Binance did just that by waiving their fee discount for Tether based on Kaiko data. This led to an increase in the use of TrueUSD as an alternative. TrueUSD (TUSD) is a dollar-pegged stablecoin issued by crypto firm ArchBlock, with its value backed by fiat assets. Despite the zero fees, TUSD's popularity couldn't match Tether's (USDT), according to Kaiko. Nevertheless, USDT and TUSD have become the new go-to stablecoins, as the crypto market witnessed a major shockwave in the form of a regulatory crackdown and banking crisis in the US. Consequently, USDT's circulating supply has grown $10 billion in the recent months, and TUSD's market cap reached $2 billion.

Stablecoins serve as a bridge between government-issued fiat money and digital assets, making them a major element of the crypto ecosystem. TUSD is an example of how regulated stablecoins are rapidly filling the void, aided by an surge in investments from Asian conglomerates such as Techteryx. This shows their potential and is a sign of how far the market has come. Nevertheless, proof-of-reserve monitoring tools can help the masses gain an understanding of these complex environments, and serve as a reminder that research and caution is paramount when investing in cryptocurrency.



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