Posted 9/4/2023, 11:15:00 AM

TrueUSD (TUSD) Market Cap Jumps to $3.4B, Overtakes Binance USD (BUSD)

TrueUSD (TUSD) has surpassed Binance USD (BUSD) for the first time, reaching a market cap of $3.4 billion following Binance's decision to phase out its support for BUSD due to regulatory pressure.

beincrypto.com

Relevant topic timeline:

8/31/2023

Binance pushes new stablecoin as it confirms plan to cease BUSD support

Crypto exchange Binance has announced plans to gradually wind down support for its Binance USD (BUSD) stablecoin, encouraging users to convert their holdings into other assets, including a newly listed stablecoin, First Digital USD (FDUSD). This decision aligns with Paxos' plans to end BUSD redemption by February 2024.

9/16/2023

Justin Sun Mints $865M in TUSD Stablecoin, Deposits to His TRON DeFi Platform Amid Fraud Allegations

TRON founder Justin Sun has minted $815 million worth of TrueUSD (TUSD) despite limited adoption of the stablecoin, sparking concerns within the crypto market about the stability and full collateralization of the stablecoins.