Binance has started minting True USD (TUSD) in response to a U.S. regulatory crackdown on its own stablecoin BUSD.
On Feb. 16, the world’s largest crypto exchange minted 50 million TUSD, according to blockchain sleuths. True USD was launched in 2018 and listed on Binance in May of that year.
TUSD is the sixth largest stablecoin but a minnow in the ecosystem, however, with a market share of less than 1% from a circulation of $973 million. Since the beginning of this year, TUSD circulating supply has increased by 29%.
(By Martin Young)
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