Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions

Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218%. TUSD Supply Swells, Tron-Issued Stablecoins [...]

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TUSDs Supply Halves as It Drops to 8th Rank Among Stablecoins

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. Supply Slash Sees TUSD Fall From Top 5 Stablecoin Rankings to 8th Position Previously ranked among the top five dollar-pegged cryptocurrencies [...]

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Binance Finalizing BUSD Phase Out with New Range of TUSD Pairs

TUSD has seen a big increase in trading volume recently.

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Stablecoin Market Slumps for 14th Consecutive Month

Stablecoin market shrinks for the 14th month, raising concerns for cryptocurrency prices and liquidity.

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TrueUSD Announces Having No Exposure To Struggling Prime Trust

On June 22, TrueUSD tweeted that its TUSD stablecoin has “no exposure” to the ailing Prime Trust, which is allegedly

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TUSD supply spiked ahead of Bitcoin’s $30K rally

On June 21, Bitcoin (BTC) surged past the $30,000 mark for the first time in two months, a significant milestone for the volatile cryptocurrency. This rally contributed to an uptick in derivatives trading, increased spot trading, and increased coins withdrawn from exchanges, as identified in a recentCryptoSlate Alpha insight. In the week leading up to […]

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TrueUSD maintains it has no exposure to Prime Trust despite community claims

TrueUSD (TUSD) stated in a June 22 Twitter post that it is not affected by the issues faced by crypto custodial firm Prime Trust. Prime Trust was forced to suspend all deposits of fiat and digital assets by Nevada financial regulators on June 21 because it failed to safeguard assets under its custody and could […]

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TrueUSD assures users it has no exposure to troubled Prime Trust

On June 22,  TrueUSD announced on Twitter that its TUSD stablecoin had “no exposure” to the troubled Prime Trust, which is reportedly facing regulatory challenges.  Following an order from state financial regulators, the Nevada-based Prime Trust reportedly abruptly halted all fiat and cryptocurrency deposits and withdrawals. Numerous clients now find themselves in a predicament, with their funds effectively [...]

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TUSD Emerges Strong: 1 Billion Injection Bolsters Supply Amidst Declining Stablecoin Market

On June 16, TUSD supply surged by 52%! The difficulties the dollar-pegged token economy was facing were recently brought to light when significant redemptions caused its market valuation to drop to a 20-month low. Binance’s dominance in TUSD holdings: Top 10 wallets control 83.31% of the circulating supply. Multiple wallets under Binance’s control: Wallets holding [...]

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TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure

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Curve Finance trading volume reaches $7B historic high after USDC depeg

Stablecoin swapping pool Curve Finance is experiencing the highest daily trading volume in its history, exceeding $7 billion in the past 24 hours after the Silicon Valley Bank (SVB) collapse triggered a wave of uncertainty across markets and depegged the USD Coin (USDC) from the U.S. dollar.  Looks like we have the biggest daily trading [...]

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As BUSD’s Woes Continue, Could Binance Be Pivoting to TUSD?

Stablecoins have been in the crosshairs of regulators recently, with Binance’s BUSD Stablecoin drawing the ire of the SEC.

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TrueUSD Names Five Banks Holding the Stablecoin’s USD Reserve

TUSD is currently in collaboration with five banks. Partner banks provide a safeguard for TUSD’s asset security. TUSD is now ...

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Hong Kong begins discussions to introduce stablecoin regulatory framework

The Hong Kong Monetary Authority shared a list of eight questions to seek policy-related recommendations citing five possible regulatory outcomes — no action, opt-in regime, risk-based regime, catch-all regime and blanket ban.

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BTC/TUSD Becomes #1 Bitcoin Market on Binance

The pair achieved the feat in less than a month.

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Stablecoin TrueUSD To Be Fully Controlled By Asian Owner

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.  According to a thread this morning by the project’s official Twitter handle, Archblock Inc., the current TUSD operator, has begun the transfer of total control of Token to its [...]

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Binance’s New Flame TUSD Secures Zero-Fee BTC Trading as BUSD Sinks

The hope is this move will spread liquidity to more pairs.

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Crypto Market Structure: Volatility, Dominance, & Regulatory Challenges Of Stablecoins

In the ever-evolving landscape of cryptocurrencies, stablecoins have emerged as a significant force in the market. According to the latest report from Kaiko, stablecoins now account for a staggering 74% of all cryptocurrency trades on centralized exchanges (CEXs). This dominance is fueled by the popularity of Tether (USDT), which holds a massive 70% market share. […]

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TrueUSD (TUSD) Strives to Resume Minting with Prime Trust

In recent updates, the TrueUSD (TUSD) team has announced that they are actively engaged in efforts to resume TUSD minting on Prime Trust. This announcement was made following an unexpected pause in TUSD minting via Prime Trust, an event that took place on June 10. (Read More)

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Top Stablecoins See Steady Decline Over Past Month as Dollar-Pegged Token Economy Shrinks

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. Dollar-Pegged Cryptos Feel [...]

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