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Binance plans to delist several TrueUSD (TUSD) spot trading pairs.

Binance announces the delisting of several TrueUSD trading pairs, including COMP/TUSD, EDU/TUSD, and PENDLE/TUSD, as part of its efforts to maintain a high-quality trading environment. TrueUSD will still be available for trading on other pairs on the exchange.

Binance, one of the world's leading cryptocurrency exchanges, has unveiled plans to delist multiple TrueUSD (TUSD) trading pairs, citing reasons related to market quality and user protection. Delisting announcement In an official notice released on March 13, 2024, Binance disclosed its decision to remove several TUSD trading pairs from its platform.

Binance has announced the upcoming cessation of trading for several stablecoin spot trading pairs associated with Justin Sun-linked stablecoin TrueUSD (TUSD). The paris include COMP/TUSD, EDU/TUSD, and PENDLE/TUSD.

Binance will delist the COMP/TUSD, EDU/TUSD and PENDLE/TUSD trading pairs on March 15 at 03:00 UTC.

Binance, the largest cryptocurrency exchange, has announced the removal of several spot trading pairs as part of its ongoing efforts to ensure user protection and maintain market quality. The delisting affects spot trading pairs concerning Binance Coin (BNB) and Justin Sun's TrueUSD (TUSD) as quote currencies.

Crypto exchange HTX, previously known as Huobi, has unexpectedly deactivated its proof-of-reserves feature.

HTX turned off proof of reserves while TUSD, linked to HTX stakeholder Sun, loses dollar peg raising collateralization concerns

Market analysis reveals ongoing stability challenges for the stablecoin trueusd in maintaining its targeted $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan. 25, 2024, the token's trading value fluctuated between $0.979 and $0.981. Concurrently, the Aave-developed stablecoin GHO has seen a rise to the $0.

TrueUSD (TUSD) deviation from its $1 peg has widened under the current red market situation. Data from CryptoSlate shows that the stablecoin dipped as low as $0.9778 in the past 24 hours, coinciding with substantial sell-offs seen in the major cryptocurrencies like Bitcoin and Ethereum.

This week, spot Bitcoin ETFs recorded impressive inflows as the digital currency continued to battle the bears at the $41,000 mark.

The rise of TrueUSD (TUSD) as a stablecoin has seen many card providers integrate the token as a part of their services. In one such partnership, Bit.Store on Friday announced a new collaboration with TUSD.

TrueUSD (TUSD) depegged below its $1 parity, dropping to $0.97, amid significant selling on Binance and issues with real-time reserve attestations. The depegging was linked to activities on Binance Launchpool and raises questions about stablecoin stability and transparency.

The TrueUSD (TUSD) stablecoin recently experienced a period of instability, briefly dropping to 96 cents before recovering to 99 cents. This volatility was accompanied by reports of denied redemption requests, raising concerns within the cryptocurrency community.

Stablecoin TrueUSD (TUSD) has dropped below its $1 peg following a massive sell-off.

Embattled TrueUSD (TUSD) stablecoin attributed the asset's recent price deviations from the $1 peg to the “community mining activities associated with Binance Launchpool,” which resulted in “short-term arbitrage opportunities.” TUSD's value has recovered to $0.9904 as of press time after falling to as low as $0.9708 during the past day, according to CryptoSlate's data.

Traders have sold approximately $305 million worth of TUSD over the past day against only $129 million in buys.

TrueUSD's price fell to $0.97 on Jan. 18 despite its efforts to assure users of its fiat reserves.

TrueUSD (TUSD) team has clarified the recent depeg incident on the stablecoin.

TrueUSD (TUSD) recently experienced a significant de-pegging, plummeting to $0.9712 from its stable value. This comes after TUSD earlier dropped to $0.98.

Stablecoin TrueUSD has fallen down to $0.70 from its expected $1 peg after recent issues with its reserve attestation and quickly recovered

Some companies, however, are reporting redeem issues.

TUSD went as low as 96 cents as Binance data shows traders apparently sold over $300 million worth in the past 24 hours.

TrueUSD's depegging on January 15 caught the attention of the crypto community, prompting concerns and speculation. However, the TrueUSD (TUSD) team has clarified the reasons behind its recent depegging from the US dollar, attributing it to activities on Binance Launchpool.