Binance to Add Six Trading Pairs with TrueUSD Stablecoin

Binance to Add Six Trading Pairs with TrueUSD Stablecoin

Crypto exchange Binance will add six trading pairs with the stablecoin TrueUSD (TUSD). According to the announcement of the exchange, new pairs will be added to the site on March 29.

Binance will open trading for TUSD with Lido DAO, Polygon (MATIC), Optimism (OP), Solana (SOL), SSV Network (SSV) and Ripple (XRP) cryptocurrencies. Market Makers will be subject to zero commissions for an indefinite period until further notice.

After the United States banned the issuance of Binance USD (BUSD) stablecoin in February of this year, the head of the exchange, Changpeng Zhao, admitted that although Binance will continue to support BUSD, it will adjust its product line and may abandon the token as the main asset in trading pairs. on site.

On March 11, Binance announced support for TUSD, adding trading pairs with it to Bitcoin, Ethereum, BNB and USDT on the platform. The exchange introduced zero commissions on all these pairs for market makers, as well as for ordinary traders in BNB/TUSD and ETH/TUSD pairs. Starting March 22, zero fees on Binance trading pairs with bitcoin became valid only for the TUSD token.

TrueUSD is a stablecoin created by the TrueFi DeFi protocol team and running on the Ethereum, TRON, and BNB Smart Chain (BSC) blockchains. The token was issued by the TrustToken platform, but it is now assumed that the founder of the TRON blockchain and the head of the Huobi exchange, Justin Sun, is now related to it.

The official TUSD website states that the token is associated with the TrustToken team. But back in 2020, its head Rafael Kosman announced that the project was sold to the Asian company Techteryx, which works with the TRON blockchain.

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