TUSD
TrueUSD (TUSD) is a digital asset backed 1:1 with the U.S. dollar and attested to in real-time by an independent U.S. accounting firm. It's the first USD-backed stablecoin to secure minting through Chainlink PoR, enhancing transparency and reliability. Listed on over 100 trading platforms and live on 12 public chains like Ethereum and Binance Smart Chain, TUSD has been granted statutory status as an authorized digital currency in the Commonwealth of Dominica, effective October 7th, 2022. Users can access relevant data on the official website.
Binance pivots to stablecoins after SEC regulatory action
Binance, the largest cryptocurrency exchange by trading volume, has turned to alternative stablecoins such as TrueUSD (TUSD) and decentralized stablecoins, following a regulatory action against its native stablecoin, Binance USD (BUSD), by the US Securities and Exchange Commission (SEC). Binance was forced to seek alternatives after the New York Department of Financial Services (NYDFS) asked BUSD issuer Paxos Trust to stop minting new BUSD altogether.
Binance-Backed WazirX Exchange to Delist USDC, USDP & TUSD
Indian crypto platform WazirX has announced it will be delisting USD Coin (USDC), USDP, and TUSD in a move that is similar to its so-called parent company, Binance Exchange.
Bank of America Says Binance to Benefit from Increased Supply of Its Own Stablecoin
BAC has given more clarification on how Binance’s automatic conversion of other stablecoins could impact its business as well as its own BUSD stablecoin.
Binance to Convert Users’ USDC Into Its Own Stablecoin
Binance said the move aims to improve liquidity and capital efficiency for customers.