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Justin Sun transfers 59m TUSD to Binance for liquidity, but CZ warns against using them for LaunchPool. TRON DAO Venture aims to facilitate market-making.

The world's largest crypto exchange by volume has launched a new trading pair for Dogecoin (DOGE) as the top memecoin continues to consolidate. Binance customers can now swap DOGE with the stablecoin TrueUSD (TUSD). TUSD, which aims to maintain a 1:1 peg to the US dollar, is the fifth-largest stablecoin by market cap.

In a recent interview on Bloomberg, TRON founder Justin Sun discussed the recent trueUSD growth. This comes as tron looks to acquire a legal tender with BRICS.

Circle CEO Jeremy Allaire pins the decline in the market value of the USDC stablecoin on investors wishing to 'de-risk out of the U.S.'

Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. RDNR, INJ, CFX, dYdX, GRT, and FTM have emerged as the top gainers of the day, while ZIL, Cake, TON, XDC, and TUSD are the top losers.

Trading volumes in the BTC/TUSD pair have surged over the past four weeks after the crypto exchange introduced zero trading fees for it.

TrueUSD (TUSD)'s, a recently launched stablecoin, market capitalization is surging, rising by 120% in just four months from January 2023. The increase can be attributed to Binance's backing, which propelled it as the fifth-largest stablecoin behind USDT and USDC.

TrueUSD's market capitalization is surging, rising by 120% in just four months from January 2023. The increase can be attributed to Binance's backing, which propelled it as the fifth-largest stablecoin behind USDT and USDC.

On 22 March 2023, Binance announced the end of the “zero-fee promotion on BTC trading” effectively re-introducing all standard fees for stablecoin-BTC trading pairs, except for the TUSD stablecoin.

TrueUSD now becomes the largest BTC trading pair on Binance.

In an interesting development, the little-known stablecoin TrueUSD is making the largest Bitcoin trading pair, as per the data provided by the crypto research platform Kaiko. Thanks to the major shift spurred by crypto exchange Binance earlier this year.

Bitcoin traders on Binance have rapidly migrated to TUSD after the exchange stopped charging fees on the trading pair.

According to crypto data firm Kaiko, the market share of the TrueUSD (TUSD) stablecoin in Bitcoin (BTC) trading volume on Binance is catching up to Tether's USDT following the exchange's zero-fee trading discount.

The TrueUSD (TUSD) stablecoin's market share in bitcoin (BTC) trading volume on Binance is catching up to Tether's USDT following the exchange's zero fee trading discount, but data shows traders are still reluctant to use TUSD, according to crypto data firm Kaiko.

TrueUSD is now a native token on the BNB Chain.

Recently, the stablecoin market experienced significant changes, creating an opportunity for other stablecoins, such as Pax Dollar [USDP] and TrueUSD [TUSD], to grab the market share. Since Binance's [BUSD] decline following CFTC's allegations, there has been a vacancy at the top of the list.

Trading with TrueUSD (TUSD) has seen a significant surge over the week, as reported by crypto price tracker CoinGecko. This is largely attributed to Binance's support for the stablecoin, offering zero-fee discounts when buying and selling Bitcoin (BTC).

The surge follows Binance's decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair.

Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218%.

TUSD has seen a big increase in trading volume recently.

Binance listing a large number of cryptocurrencies with TrueUSD (TUSD) trading pairs and extending support to the stablecoin reportedly related to Tron founder Justin Sun raises questions. Binance on Tuesday said it is adding more TUSD trading pairs amid efforts to replace Binance USD (BUSD).

Binance announced today that it will open trading for LDO/TUSD, MATIC/TUSD, OP/TUSD, SOL/TUSD, SSV/TUSD, and XRP/TUSD trading pairs on March 29 at 08:00 (UTC).

According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed.

According to Kaiko's head of research, Binance's market share may decrease after the world's largest cryptocurrency exchange by trading volume eliminated the majority of zero-fee trading after only nine months.