Binance Launchpool has apparently replaced BUSD with TUSD. TUSD can now be deposited in Binance's liquidity pool in order to earn interest.
Why did Binance replace BUSD with TUSD?
In retaliation for Binance delisting Circle's stablecoin USDC, Circle filed a complaint against BUSD with the NYDFS. The SEC then took action against BUSD developer Paxos, forcing Paxos to stop issuing BUSD, and Binance then announced the replacement of BUSD with Archblock's (TrustToken) stablecoin project, TUSD.
TUSD project is sucessful
The first cryptocurrency to be issued in Launchpool was is RDNT, which is the native token of "Radiant Capital", an omnichain money market. TUSD's position on Binance has improved as a result of the successful launch of $RDNT. Binance further validated its stablecoin by routing TUSD to Launchpool's upcoming SUI project.
No Objection No word, good for both Binance and TUSD
Archblock founder Rafael Cosman is completely silent on this, and besides this, the platform Archblock (TrustToken) is also not giving any information on this. Paxos and Circle are also quiet on this. With no controversy, there could be a good market for TUSD on Binance.
