Binance CZ BUSD: After the recent probe by the U.S. Securities and Exchange Commission’s (SEC) against Paxos and the objection to issuance of Binance USD (BUSD), there has been a big shift of dynamics in the stablecoin category. Traders preferred to move assets from BUSD to top stablecoins USDC and USDT. However, Binance CEO CZ stressed on the need for stablecoins pegged to fiat currencies other than US Dollar. Meanwhile, on chain activity indicates the crypto exchange is trying to capitalize on the shift by supporting other stablecoins.
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Binance Minting TUSD?
It appears that Binance just minted the stablecoin TrueUSD (TUSD) in large volumes. As per Whale Alert notice, the exchange minted as many as 49 million TUSD. In this connection, TrueFi (TRU), a cryptocurrency previously linked to the TrustToken ecosystem, same as TUSD, gained huge buying interest. In the last few hours, the TRU token rose by an astou
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