The stablecoin ecosystem has evolved significantly over the years, with new regulations and models shaping the landscape.
TrueUSD (TUSD) is a cryptocurrency designed to provide a stable value within the volatile industry of blockchain-based money. True USD’s price is pegged to the price of the United States dollar in one-to-one ratio. The idea behind the linkage of TrueUSD price to the fiat currency is an attempt to provide the cryptocurrency market traders with a safe haven during the time of huge market fluctuations. The True USD coin was designed by a group of enthusiasts which previously worked with UC Berkeley and Google. The coin became a major success for the team. The TrueUSD market cap has been growing from the coin’s launch and is around 207,5 million dollars at the time of writing this article. The TUSD coin is currently available for traders of cryptocurrency exchanges all over the world.
In an official statement, cryptocurrency exchange Binance unveiled its plans to implement updates to its zero-fee Bitcoin trading starting Sept. 7.11426
Stablecoin issuer TrueUSD maintains that it is not affected by the current challenges facing Prime Trust.6583
The recent depeg comes as the TrueUSD team announced a pause on TUSD minting through Prime Trust until further notice.7735
The DeFi protocol experienced record-breaking daily trading volume after the USDC depeg as crypto whales fight for assets.20328
Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”12601
Nearly all major stablecoins lost their U.S. dollar pegs amid the FTX saga, but most have recovered again as markets stabilize.5608
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.7680
Crypto traders flocked to the safety of stablecoins during Tuesday’s market crash.19458
Despite the tumble in stablecoin activity, average transactions of stablecoins DAI and UST still exceed those of USDT and USDC.4922
Tether, USD Coin, and Binance USD have posted triple-figure market cap growth this year.8807
Following integration with major cryptos, Samsung Galaxy S10 now supports major stablecoins such as TUSD, MKR and USDC.10685
TrustToken, the stablecoin operator behind usd-pegged token TUSD, announced a partnership with Binance.4612
The CEO of Reserve thinks central banks will tokenize their currency, but businesses will choose other stablecoin services for their privacy.4252
TrustToken will release four new stablecoins this year that are pegged to Australian dollars, euros, Canadian dollars, and Hong Kong dollars.4778