BTC/TUSD trading volume on Binance, the world’s largest cryptocurrency exchange, reached 49%, almost catching up with BTC/USDT trading volume.
On-chain data provider kaiko offered by information by Binance BTC/TUSD trading volume BTC/USDTcaught the . Kaiko analysts TrueUSD Behind this increase on the (TUSD) side is Binance’s Zero transaction fees in the BTC/TUSD trading pair. He thinks he has an important role to play.
Binance USD (BUSD) issuer Paxos‘s decision to terminate BUSD issuance after pressure from US regulators pushed Binance to use TUSD. With this move, Binance has increased its weight on TUSD, which has waived the zero transaction fee it provides on Bitcoin pair for BUSD and USDT.
On the other hand, Kaiko’s research manager stated that investors still seem to have not given up on Tether (USDT) despite the zero fee tariff imposed by TUSD. Clara Medalie He gave the following details in his statement on the subject:
What happened on the TUSD side was recorded as a big increase in just a few weeks. However, investors still seem reluctant to use TUSD despite the zero fee, and there are still more serious USDT orders being placed.
