Tron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges
The BTC-TUSD trading volume had recently grown tenfold compared to Tuesday, Dustin Teander, an analyst at crypto research firm Messari, said in an email. However, the asset pair’s $50 million spot trading volume in the past 24 hours is dwarfed by the dominant stablecoinMike van Rossum, founder of crypto trading firm Folkvang, said it’s still early to tell how much Binance wants to push TUSD as the “de facto standard” on its platform, adding that making trading free is a powerful tool.
“If people end up trusting TUSD – very uncertain right now – this zero fee promo can easily grow into the biggest market by volume,” he said. A Binance spokesperson said in an email that the exchange’s goal “right now is to identify a diverse set of stablecoin products to offer users, particularly products that are transparent, regulated, and have strong relationships with banking institutions in markets that support innovation.”
“TUSD is the first of what will hopefully be many new stablecoin products being offered to users," the spokesperson added.earlier this month as several U.S. banks with close ties to crypto firms were shut down by regulators after suffering a run on deposits.
binance tusdio sndr_krisztian yeah btctusd has a 100milli liquidty today.literally unusable lmao
Can't believe it's been a year since we met her