Binance Increases Currency Pairs for Stablecoin TUSD

Alternatives to BUSD

Binance plans to increase the currency pairs of its stablecoin TUSD.

LDO/TUSD, MATIC/TUSD, OP/TUSD, SOL/TUSD, SSV/TUSD, XRP/TUSD pairs will be available from 17:00 on the 29th Japan time. LDOs and SSVs are so-called “LSD” (Liquid Staking Derivatives) stocks.

Binance has recently expanded the TUSD currency pair as an alternative to stablecoins by de-issuing BUSD. In addition, demand for TUSD is rapidly increasing due to the impact of USDC’s depegging (price divergence) the other day.

Similar to USDC, TUSD’s backing assets are managed by mid-sized banks in the United States. Until 2022, they were audited monthly by auditing firm Armanino, but later switched to real-time reserve certification by Chainlink. There is Note that TUSD is currently unrelated to TrueFi (TRU).

Source: CoinGecko

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