TrueUSD (TUSD) Officially Launches on Binance with Increased Supply
USDT
TUSD

TrueUSD (TUSD) kept its dollar peg, only rising slightly to $1.02, at the launch of official Binance trading. At one point, the asset spiked to $1.10, but quickly corrected its position. This time, the spike was much lower, while a few days ago the price of TUSD was distorted by bots to as high as $1.30.

TUSD volumes have risen to around $12 million in 24 hours. At the launch of Binance trading, the asset also saw its supply increase to more than 18 million tokens - a significant growth in the past months, given that TUSD launched with around 4 million tokens.

https://twitter.com/TrustToken/status/998776304689467392

Because of its pairings, TUSD will not inject liquidity into many altcoin markets, the way USDT does now. TUSD will be instead a hedge against volatility. During market downturns, various tokens are sometimes used to store value if Bitcoin prices start sinking. It is possible that TUSD serves that function.

Binance Coin (BNB) is also used as a source of liquidity, but its fluctuating price complicates trading decisions. BNB is at $14.34, near its peak in BTC prices after the leading digital coin slid nearer to $8,000 again.

TUSD trading is yet to take off, and so far, daily volumes are lower than the total supply. As for Tethers, their share of crypto trading is stabilized at 15%, and the total supply is traded more than once every 24 hours.

TUSD tokens are only generated when users buy new ones with cash through the app - although sometimes, purchases are put in batches.

https://twitter.com/TrustToken/status/998677736322469888

For now, the supply has only increased, and the team has foreseen the token being sent to other exchanges. Now that USDT minting has stopped, the new fixed-price token is a fiat on-ramp for buyers willing to get into crypto coins. An additional $12 million in trading is a drop in the bucket for Bitcoin, but in the future, TUSD may play its part in increasing liquidity and trading.

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$107.43M $1.67M 452.55M MAID
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$107.13M $169,794 2M DGD
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$104.35M $33.27M 50M HT
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-1.59%
$96.88M $361,929 61.72M MONA
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2.31%
$95.61M $3.19M 45.43M CNX
67. Aion AION
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-7.22%
$94.92M $1.63M 206.99M AION
68. Mixin XIN
$214.27
-5.97%
$94.71M $56,995 442,034 XIN
69. ZenCash ZEN
$20.31
3.77%
$92.29M $760,920 4.55M ZEN
70. aelf ELF
$0.357521
-8.31%
$89.38M $8.76M 250M ELF
71. Wanchain WAN
$0.840167
-3.79%
$89.19M $1.73M 106.15M WAN
72. Kin KIN
$0.000116
-9.41%
$87.99M $868,177 756.1B KIN
73. FunFair FUN
$0.017397
-8.49%
$87.17M $1.28M 5.01B FUN
74. Nebulas NAS
$1.84
-8.86%
$83.51M $11.45M 45.5M NAS
75. GXChain GXS
$1.38
-8.21%
$82.97M $1.6M 60M GXS
76. Bancor BNT
$1.57
-2.34%
$82.42M $3.63M 52.49M BNT
77. Kyber Network KNC
$0.562488
24.44%
$75.45M $7.24M 134.13M KNC
78. Bitcoin Private BTCP
$3.67
-7.24%
$75.3M $150,868 20.52M BTCP
79. ReddCoin RDD
$0.002578
-6.76%
$74.27M $1.22M 28.81B RDD
80. Emercoin EMC
$1.74
-0.62%
$73.27M $1.54M 42.12M EMC
81. Holo HOT
$0.000547
-7.55%
$72.91M $3.34M 133.21B HOT
82. Power Ledger POWR
$0.193138
0.39%
$72.44M $5.9M 375.05M POWR
83. TaTaTu TTU
$0.747384
5.45%
$72.29M $302,673 96.73M TTU
84. ZCoin XZC
$13.18
-3.82%
$72.04M $1.25M 5.47M XZC
85. Decentraland MANA
$0.067894
-4.23%
$71.3M $3.16M 1.05B MANA
86. Elastos ELA
$9.00
-5.26%
$71.08M $2.53M 7.89M ELA
87. Ark ARK
$0.670287
-5.42%
$70.15M $468,587 104.65M ARK
88. MCO MCO
$4.36
-4.22%
$68.93M $6.39M 15.79M MCO
89. Nxt NXT
$0.067921
-1.27%
$67.85M $2.04M 999M NXT
90. WAX WAX
$0.070586
-4.44%
$65.71M $395,921 930.85M WAX
91. TrueUSD TUSD
$1.00
-0.03%
$65.38M $11.21M 65.27M TUSD
92. TenX PAY
$0.585185
0.79%
$63.93M $4.39M 109.26M PAY
93. PIVX PIVX
$1.09
-1.08%
$62.05M $470,206 56.78M PIVX
94. Aurora AOA
$0.017452
-8.61%
$60.36M $105,758 3.46B AOA
95. QASH QASH
$0.171347
3.53%
$59.97M $372,033 350M QASH
96. Cortex CTXC
$0.399425
-9.32%
$59.83M $4.5M 149.79M CTXC
97. Loopring LRC
$0.103870
-7.56%
$59.42M $1.91M 572.07M LRC
98. Veritaseum VERI
$28.43
-16.49%
$57.91M $761,518 2.04M VERI
99. Nuls NULS
$1.37
-4.19%
$54.97M $2.51M 40M NULS
100. CyberMiles CMT
$0.077197
-4.06%
$53.64M $4.37M 694.91M CMT