Binance will use TrueUSD stablecoin

By Yugocean | Crypto Champion | 16 Mar 2023


Binance has started accepting True USD (TUSD). $TUSD is a project of TrustToken co-founder Rafael Cosman and is believed to be the first crypto with live on-chain attestations.


 

A Replacement for BUSD?

Binance is believed to be looking for a new stablecoin after BUSD developer Pexos halted development of BUSD following SEC proceedings. The recent depeg events also raised a lot of questions about the choice of stablecoin.


 

0 Fee Promotion 

Binance has announced that its 0 fees Bitcoin trading policy will now end for all but TUSD. Thus this is that TUSD is being promoted for bitcoin-stablecoin traders, traders will start using TUSD to save on fees.

 


Winner is True USD

TUSD had started gaining popularity, after Binance accepted it, another big platform Huobi etc also opened its door for TUSD.

Binance 

Huobi (also comes with 0 fees in order to compete withi Binance)

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