One of the world’s leading cryptocurrency exchanges Binancea stablecoin pegged to the US dollar TrueUSD (TUSD) announced that it will list several new trading pairs. stock market before BUSD It will replace the existing BUSD stablecoin with TUSD for trading pairs in denominations.
Cryptocurrency Exchange Binance Converts BUSD Pairs to TUSD
New TUSD trading pairs on Binance will include Lido (LDO)/TUSD, Polygon (MATIC)/TUSD, OptionRoom (ROOM)/TUSD, Solana (SOL)/TUSD, SSV Network (SSV)/TUSD and XRP/TUSD.
While TUSD is a relatively new stablecoin compared to others in the market, it has quickly gained popularity as a reliable and transparent option for investors seeking a stable store of value in the volatile cryptocurrency market.
TUSD is issued by TrustToken, a blockchain technology company based in San Francisco, California, and is fully backed by US dollars held in escrow accounts.
However, some members of the crypto community have expressed concern over TUSD’s relationship with Justin Sun, the controversial founder of Tron, a blockchain platform accused of plagiarism and other unethical practices.
Sun is suspected of having some control over TUSD, and some fear this could jeopardize the stability and transparency of the coin.
Despite these concerns, Binance has expressed confidence in TUSD and its potential as a stablecoin option for its users. The exchange has a history of listing a wide variety of cryptocurrencies and giving users access to a variety of trading pairs.
By replacing BUSD with TUSD, Binance demonstrates its commitment to providing users with the best possible stablecoin options and staying competitive in the rapidly evolving crypto market.
*Not investment advice.
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