Daily trading volume with TUSD surpassed $1 billion for most of Thursday and Friday, propelled by Binance’s zero-fee trading discount and expansion of trading pairs. sndr_krisztian reports
TUSD’s 24-hour trading volume surpassed $1 billion for most of Thursday and Friday, according to CoinGecko. It is a significant increase from earlier this month, when TUSD recorded mostly sub-$100 million daily trading volume.pair on Binance alone recorded $713 million in trading volume in the past 24 hours, per Binance’s data.
The stablecoin’s recent popularity comes after Binance, the world’s largest crypto exchange by trading volume, picked TUSD as a favored stablecoin trading pair on its platform amid a regulatory crackdown on its namesake Binance USD . New York regulators ordered BUSD issuer Paxos, a fintech firm based in the state, to stop minting these tokens.rival stablecoins including TUSD from its platform.
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