True Finance’s native token TRU is on the rise again, with the world’s largest crypto exchange Binance printing $130 million worth of TrueUSD (TUSD) in the past week.
According to data received by on-chain analytics platform Nansen, Binance has TUSD worth 130 million dollars pressed. According to experts, investments made without knowing the separation of TRU and TUSD triggered the rise of TRU. In a week’s time $0.0653 from the levels TRU with more than 70% rise, 0.113 reached the dollar level.
After these transactions, TUSD in terms of volume fifth largest stablecoin reached its position. On the other hand, this huge amount of printing in a short time resulted in the circulating supply of TrueUSD at the highest level since August. Made it over $1.1 billion.
Binance, US regulators Paxos And Binance USD (BUSD) It did not go unnoticed that it increased its dominance over TUSD after the deterrent moves it made over the internet. Market analysts think that if the pressure from the US side continues, Binance may give TUSD a larger role in the ecosystem.
Last week, Binance’s first 50 million units TUSD stablecoin issuance, former issuer of stablecoin True Finance‘s native token TRUIt resulted in a 3-fold rise in . TRU at the time of writing the news from $0.0925 is being traded.