Binance announces updates to its zero-fee trading structure for TUSD spot and margin trading pairs, effective from July 16, 2024.
Cloud-based multi-asset platform Uphold has begun notifying some of its customers about its decision to suspend support for Tether's USDT, and Gemini's GUSD among other stablecoins.
Binance, the world's largest cryptocurrency exchange, announced the delisting of several spot trading pairs due to poor liquidity and trading volume. This decision is part of Binance's periodic review process aimed at maintaining a high-quality trading environment for its users.
The TrueUSD stablecoin is natively available on four chains – Ethereum, BSC, Tron, and Avalanche – with all others available in wrapped versions.
Stablecoin TrueUSD (TUSD) affiliated with Justin Sun lost nearly 80% in market capitalization after crypto exchange Binance removed several trading pairs with it. TrueUSD (TUSD), a stablecoin issued by the TrustToken platform, which currently operates as Archblock, declined by 78.
The announcement by Binance to stop supporting XRP could have some negative sentiment on the coin as various speculations about the possible reasons are expected to start flying.
Binance, the top cryptocurrency exchange, has made waves by announcing the end of supporting XRP, adding an unexpected twist to the market narrative. Despite this, the XRP price has shown a slight recovery, reflecting the resilience of investors amid these developments.
Binance Futures discontinues support for XRP and TUSD as margin assets in the Multi-Assets Mode from 2024-05-28 06:00 (UTC).
Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease in its supply. As of March 19, 2024, the circulation was approximately 1.1 billion TUSD, which then plummeted to just 612 million.
The exchange, renowned for its commitment to user safety and maintaining a secure platform, disclosed its plans on March 13, 2024, indicating the removal of COMP/TUSD, EDU/TUSD, and PENDLE/TUSD pairs, alongside BNB pairs with Arpa and EduCoin. These changes are scheduled to take effect on March 15, 2024, at 3:00 am UTC.
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.
Justin Sun-linked stablecoin TrueUSD (TUSD) has continued to depeg, hitting a low of $0.97 as traders continue to dump the stablecoin in favor of USDT.
Stablecoin TrueUSD (TUSD) dropped to a point of around $0.9708 on Thursday morning in Asia. TUSD has since slightly recovered.
The TrustToken-issued stablecoin experienced a significant decline, dropping to $0.985 from its one-dollar peg.
Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99 mark.
TUSD experienced a decline to $0.985, signifying its second deviation from the $1 peg within the past two months.
In particular, the last 24 hours have seen a negative deficit of $142 million.
TrueUSD (TUSD) stablecoin experienced wild volatility the past day as it fell below the $1 peg amid its declining supply. Data from CryptoSlate shows that the stablecoin fell to as low as $0.984 during the reporting period and has yet to regain its peg as of press time.
In the past few hours, TrueUSD (TUSD), the stablecoin associated with Justin Sun, experienced a concerning depegging, falling below its fixed value of $1. This event, which took place around 11:00 am UTC on January 15, marked a significant decline, with TUSD reaching a minimum of $0.984 by 11:15 pm and currently trading at $0.988.
In a surprising turn of events, TrueUSD (TUSD), the stablecoin issued by TrustToken, has experienced a significant de-pegging, making it the first stablecoin of 2024 to face such a challenge. The sharp decline in value for the second time in recent months, fueled by whale actions and market dynamics, has intensified discussions about stablecoin vulnerabilities,
Amidst concerns of undercollateralization and significant selling pressure, TrueUSD (TUSD), a stablecoin linked to Justin Sun, has seen its value drop below its intended $1 peg. The depegging event occurred around January 15, 11:00 am UTC, with TUSD plummeting to as low as $0.984 by 11:15 pm.
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.
Stablecoin TrueUSD (TUSD) has lost its peg to the U.S. dollar. According to Chainlink, on Jan. 16, TUSD was trading at $0.985.
TrueUSD experienced a significant depeg event yesterday, sparking backlash across exchanges and social media.