Stablecoin Statement From Binance CEO ‘CZ’ Has Arrived! They Will Use This Instead of BUSD!

Cryptocurrency exchange Binance is making a major update with zero fees Bitcoin (BTC) buy and sell BUSD to TUSD announced that it will This decision comes after recent events affecting BUSD, a stablecoin pegged to the US dollar.

Binance CEO ‘CZ’ Comments On Stablecoins On Twitter

While the exchange did not elaborate on the exact nature of the events leading up to this decision, the move is speculated to be related to recent regulatory pressures on cryptocurrency exchanges in various countries, including the United States and China.

Important update. Given recent events, we are moving 0 fee BTC trading from BUSD to TUSD.

Let’s spread the liquidity to more pairs.
https://t.co/6SwqjZYSFZ

— CZ 🔶 Binance (@cz_binance) March 15, 2023

Binance is one of the largest cryptocurrency exchanges in the world and is expanding its offerings to include more stablecoins as the crypto market continues to mature.

Stablecoins are cryptocurrencies designed to maintain a stable value, usually pegged to a fiat currency such as the US dollar.

According to Binance, the move to TUSD for zero-fee BTC trading aims to provide users with a better trading experience while also giving them access to a stable and reliable stablecoin.

By moving 0 fee BTC trading from BUSD to TUSD, Binance may be trying to move away from BUSD, an exchange-issued stablecoin and therefore subject to further regulatory scrutiny.

TUSD, on the other hand, is issued by a third-party company and is seen as a more independent stablecoin. Binance has been very active in managing its stablecoin offerings.

The switch to TUSD for zero-fee BTC trading will be well received by Binance users as it offers a stable and reliable option for BTC trading with no additional fees.

The exchange stated that it will continue to monitor the stablecoin market and will make adjustments to its offerings as needed to ensure the best possible experience for its users.

*Not investment advice.