Toste exceeds Tether as the largest Bitcoin couple from Binance

Veröffentlicht:

Von:

TrueUSD (TUSD) hat sich zum fünftgrößten Stablecoin nach Marktkapitalisierung entwickelt, nachdem Binance Ende Februar damit begann, den Token als Dollar-gebundene Krypto der Wahl zu verwenden. Letzte Woche überstieg das Handelspaar BTC/TUSD 50 % des Bitcoin-Handelsanteils von Binance und überholte damit BTC/USDT. Ist TUSD Tethers nächster Rivale? Laut einer Analyse vom Krypto-Marktdatenanbieter Kaiko am Montag, wurde BTC/TUSD letzte Woche zum größten Bitcoin-Markt auf Binance, nachdem BTC/USDT erst im letzten Monat eine Zeit der überwältigenden Dominanz hatte. Das ging schnell 👀 Es dauerte weniger als 1 Monat, bis BTC-TUSD zum größten wurde #BTC Markt auf Binance. Das gebührenfreie Paar hat letzte Woche …
Trueusd (TUSD) has developed into the fifth largest stable coin after market capitalization after Binance began to use the token as a dollar-bound crypto of choice at the end of February. Last week the trading pair BTC/TUSD transferred 50 % of Binance Bitcoin trading and overtook BTC/USDT. Is Tusd Tethers next rival? According to an analysis by the crypto market data provider Kaiko on Monday, BTC/TUSD became the largest Bitcoin market on Binance last week after BTC/USDT had only a time of overwhelming dominance last month. That went quickly 👀 It took less than 1 month before BTC-TUSD became the largest #BtC Markt on Binance. The toll -free couple has last week ... (Symbolbild/KNAT)

Trueusd (TUSD) has developed into the fifth largest stable coin after market capitalization after Binance began to use the token as a dollar-bound crypto of choice.

Last week the trading pair BTC/TUSD externally exceeded the Bitcoin trading share of Binance and thus overtook BTC/Usdt.

is Tusd Tethers next rival?

according to a Analysis From the crypto market data provider Kaiko on Monday, BTC/TUSD became the largest Bitcoin market on Binance last week after BTC/Usdt had only a time of overwhelming dominance last month.

that went quickly 👀

It took less than 1 month before BTC-TUSD became the greatest #BTC Markt on Binance.

The toll -free couple exceeded a market share of 50%for the first time and thus exceeded $ USDT . pic.twitter.com/a78coemo7r

-kaiko (@kaikodata) 17. April 2023

USDT was already introduced by Tether in 2014 as one of the first stable coins bound to the dollar and is still the largest of these tokens after market capitalization. With a value of over $ 80 billion in April 2023, it keeps its binding to the dollar at liquid reserves short-term US treasure changes.

USDT at Binance compared to the USDC from Circle-one of its greatest competitors-clearly gained replaced latter crypto-currency with Busd in September. According to USDC, the market capitalization of Tether continued to benefit decoupled from the dollar in the middle of the crisis of the Silicon Valley Bank in March.

However, things took a turn when the bus-player Paxos was forced from the US supervisory authorities, in February with the handling of the company. Looking for ways to break away from the dependency on Busd, Binance quickly embossing several $ ten million in tusd. From April 17th Market Capitalization is over $ 2 billion compared to around $ 966 million on February 27th.

Trueusd works in a similar way to Tether and lasts over $ 2.15 billion in bank reserves to support his tokens. In a relationship with Chainlink, the company uses a real time Proof of reserves system to verify the stablecoin at all times.

The changeover of Binance to Tusd

Until the end of March, Binance had added A variety of new TUSD trading pairs, including LDO/TUSD, MATIC/TUSD, SOL/TUSD, SOL/TUSD, SOL/TUSD, SOL/TUSD, SSV/TUSD and XRP/TUSD. It also made Tusd the only stable coin that inherited her free BTC trade guideline after March 22-the exact point at which the BTC/TUSD volume on Binance began to overtake other Bitcoin couples.

The 24-hour total volume of Trueusd is $ 226 million on April 17. Meanwhile, the daily volume of USDT is $ 31.5 billion higher than that of any other cryptocurrency.

.