Keep up with what's happening in the crypto world in real-time.
All Filters (1)
In a significant move, Binance, the leading global cryptocurrency exchange, has recently announced its plans to burn a range of Binance-pegged tokens. This strategic decision comes amidst growing regulatory challenges in the United States, particularly from the Securities and Exchange Commission (SEC).
Cryptocurrency exchange giant Binance has taken significant steps in its ongoing process of disengagement from its stablecoin BUSD. The exchange announced a token burn for idle Binance-pegged BUSD tokens across various blockchain networks.
While most crypto market analyses predominantly focus on Bitcoin and Ethereum, given their stature as the two largest and most influential cryptocurrencies, it's crucial to underscore that stablecoins are an equally pivotal market force. Stablecoins saw their all-time high in March 2022.
TrueUSD (TUSD) recently announced a market cap of $3.4 billion, surpassing Binance USD (BUSD) for the first time.
The stablecoin ecosystem has been buzzing with activity this week, as the once-dominant Binance USD (BUSD) relinquishes its position among the top players. This intriguing shift has been brought about by a reduction in BUSD's supply, dropping below the 3 billion mark.
The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset's supply dwindling below the 3 billion mark, while in a surprising twist, the stablecoin trueusd (TUSD) experienced a surge in supply from 2.9 billion to 3.
For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects.
Alchemy Pay partners with TrueUSD to enable direct crypto purchases via fiat in 173 countries, enhancing accessibility and transparency in the crypto industry.
Understanding the dynamics of stablecoin supplies is a crucial aspect of crypto market analysis, as stablecoins play a pivotal role in the cryptocurrency ecosystem. Fluctuations in the market cap of these pegged assets can signal shifts in investor sentiment, liquidity changes, and overall market health.
The circulating supply of TrueUSD (TUSD), a highly liquid stablecoin, has seen a significant increase of almost $250 million between July 29 and July 30.
FDUSD traded at a premium to the world's largest stablecoin USDT briefly on 28 July, reflecting greater demand for the newly-listed asset.
Tron co-founder, Justin Sun, is facing more allegations of engaging in questionable tactics to mint TUSD out of "thin air"
Adam Cochran, a partner at CEHV and an influential figure in the crypto industry, has launched a fiery accusation against Justin Sun, the founder of Tron. Cochran alleges that Sun has been involved in some strange and seemingly deceptive cryptocurrency dealings that have raised more than just a few eyebrows in the crypto community.
Crypto analyst Adam Cochran recently caused a stir in the cryptocurrency community when he called attention to a series of TrueUSD (TUSD) transactions made by Tron founder Justin Sun. Cochran highlighted a series of transactions made by Sun's address on the Tron blockchain, including minting $62 million worth of TUSD, withdrawing $50 million in USDT from Huobi, and depositing $50 million in USDT on Bitfinex.
Binance Holdings Ltd., the world's largest cryptocurrency exchange in terms of daily trading volume, has faced significant challenges and negative impacts as a result of legal actions initiated by the U.S. Securities and Exchange Commission (SEC).
Blockchain technology company Archblock is suing Tron (CRYPTO: TRX) founder Justin Sun for allegedly acquiring TrueUSD (CRYPTO: TUSD) through questionable methods. There were rumors that Sun secretly owned the stablecoin project.
In a lawsuit that has recently been filed, the founder of Archblock has made explosive claims against Justin Sun, the founder of TRON, accusing him of secretly acquiring significant quantities of the stablecoin TrueUSD (TUSD).
In a lawsuit, the founder of Archblock claims that Justin Sun secretly purchased quantities of the stablecoin True (TUSD).
The founder of Archblock, a prominent blockchain technology company, has filed a lawsuit alleging that Justin Sun, the founder of Tron and CEO of BitTorrent, was the secret acquirer of TrueUSD (TUSD).
Featured Image From Kraken, Chart From Tradingview. In today's news, the prominent stablecoin TrueUSD – with the ticker TUSD – is now undergoing a management change.
Techteryx assumed "full management full management of all offshore operations and services related to TUSD," on July 13.
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD's supply has dropped below the 4 billion mark as the token's number of coins in circulation has fallen 16.7% over the last month.
In June 2023, TrueUSD (TUSD) experienced significant growth and adoption across multiple blockchain ecosystems. With the circulating supply reaching 3,059,838,623 TUSD, backed by dollar reserves of over $3 billion, the stablecoin is gaining more recognition in the crypto markets.
