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.

Latest Cryptocurrency News
19 min.
CCN
Caroline Wozniacki, 28-year-old, Danish, No 2 ranked professional tennis star has entered a partnership with Singaporean firm, Global Crypto Offering Exchange (GCOX) to found her own cryptocurrency token. Earlier in the week, CCN reported that Filippino boxing legend Manny Pacquiao could launch his own cryptocurrency before the end of the year. Other celebrity personalities with The post Wozniacki Becomes First Female Athlete to Launch Personalised Crypto Token appeared first on CCN
Go To Article
30 min.
Regulation
XRP
SNT
Cory Johnson, the Chief Market Strategist for Ripple, recently appeared on an interview to speak about regulations in the cryptocurrency space. Moreover, he also spoke about the status of XRP as a security in the eyes of the United States Securities and Exchanges Commission [SEC]. XRP, as a cryptocurrency, remains in a zone of regulatory uncertainty regarding its status as a security. The declaration of the asset as a security would result in the ecosystem being more closed, as investors would find it more difficult to get into the space. Mor
Go To Article
31 min.
ETH
In an already concluded meeting yesterday, the developers of Ethereum clearly stated their intention to delay the supposedly Constantinople hard fork initially scheduled to take place this month, to early next year. All efforts were made by ethereum’s development team to keep to their promise but several bugs were found in the code that was released on […]
Go To Article
41 min.
Regulation
BTC
The most prominent banking firm in the Nordic region, Nordea Bank, which banned Bitcoin (BTC) earlier in the year with reason that money laundering had plagued digital currency, has been caught in a major money laundering scandal after allegedly receiving illegal money from two Baltics banks. According to a report by state-owned publication in Finland Yle, the Sweden financial watchdogs have received convincing evidence that could corroborate the money laundering allegations against the bank. Nordea bank stated that: “We are aware of the rep
Go To Article
55 min.
LTC
Litecoin has been trading in the range since Monday this week. The consolidation in Litecoin price reflects the consolidation in the cryptocurrency market. The market has in the last ten months lost more than $600 billion according to Bloomberg. In addition to that, an article published by FXStreet suggest that the cryptocurrencies are likely to correct lower in the medium-term. The top ten cryptocurrencies by market capitalization volatility has reduced considerably since September 2018.
Go To Article
55 min.
XRP
It is not uncommon to see all of the top cryptocurrencies in the green on Saturday morning. At the same time, this seemingly promising sign is not necessarily a guarantee for further upward momentum over the weekend. The XRP price is trying to make yet another move, although $0.5 remains well out of reach. XRP Price Attempts Another Push It is good to see all of the top currencies in the green in this early stage of the weekend. This past week hasn’t been too great for all cryptocurrencies, tokens, and assets.
Go To Article
1 hour
BTC
TRIG
According to the official announcement, consumer and merchant payment network, Square Inc. has launched its point-of-sale (PoS) terminal. While the news in itself was great for the company, the recent activities of Square Inc. make crypto enthusiast believe this device could soon have a cryptocurrency integration. Square’s patent for cryptocurrency payments via merchant integration sparks speculation The launch of new point-of-sale payment terminal was announced by Jack Dorsey himself when he twitted saying that it has taken company 9 years t
Go To Article
1 hour
ETH
XRP
Ripple’s high popularity has recently earned it the privilege of occupying a kind of honor seat in the cryptocurrency ecosystem. Every day more and more users follow not only the news of this company’s strategic alliances but also the technological advances and even the price fluctuations that its XRP token experiences over time. XRP: The token that runs on the Ripple BlockchainIn fact, this controversial cryptocurrency has gained so much traction that it even “took” Ethereum’s place for several hours as the second most important cryptocurren
Go To Article
1 hour
BTC
If you think Ponzi schemes are a thing of the past, you’d unfortunately be wrong. Just recently, the Commodity Futures Trading Commission (CFTC) took an action against fraudulent activities involving bitcoin. The commission fined Nicholas Gelfman, of Brooklyn, New York, and Gelfman Blueprint, Inc. (GBI) over $2.5 million for operating a bitcoin-related pyramid scheme. CFTC […] The post Nicholas Gelfman Fined $2.5M for Operating a Bitcoin Ponzi scheme appeared first on Coindoo - Crypto News and Reviews.
Go To Article
1 hour
Global
From the future of Bitcoin to a big delay for Ethereum, here’s a look at some of the stories breaking in the world of crypto. Bitcoin Crypto enthusiast and trader Josh Romportl has created a brilliant post on Medium, outlining a huge list of reasons why Bitcoin and cryptocurrency at large have a bright future. From […]
Go To Article
Cryptocurrency Price Change 24h Market Cap Volume Circulating Supply Price Chart
1. Bitcoin BTC
$6,484.23
0.31%
$112.38B $3.64B 17.33M BTC
2. Ethereum ETH
$205.65
1.37%
$21.12B $1.3B 102.68M ETH
3. XRP XRP
$0.460297
1.65%
$18.41B $320.54M 40B XRP
4. Bitcoin Cash BCH
$442.91
1.63%
$7.71B $293.3M 17.41M BCH
5. EOS EOS
$5.41
1.56%
$4.9B $392.01M 906.25M EOS
6. Stellar XLM
$0.246588
4.62%
$4.66B $54.25M 18.89B XLM
7. Litecoin LTC
$53.28
1.34%
$3.13B $271.15M 58.8M LTC
8. Tether USDT
$0.985211
0.34%
$2.05B $2.42B 2.08B USDT
9. Cardano ADA
$0.076388
2.33%
$1.98B $20.75M 25.93B ADA
10. Monero XMR
$103.75
0.00%
$1.71B $18.94M 16.5M XMR
11. TRON TRX
$0.024216
0.95%
$1.59B $82.53M 65.75B TRX
12. IOTA MIOTA
$0.498670
0.74%
$1.39B $17.73M 2.78B MIOTA
13. Dash DASH
$155.99
1.44%
$1.31B $163.12M 8.39M DASH
14. Binance Coin BNB
$9.77
0.75%
$1.28B $25.53M 130.8M BNB
15. NEO NEO
$16.62
2.14%
$1.08B $170.93M 65M NEO
16. Ethereum Classic ETC
$9.66
1.30%
$1.02B $116.93M 105.41M ETC
17. NEM XEM
$0.095272
1.34%
$857.45M $4.99M 9B XEM
18. Tezos XTZ
$1.31
0.96%
$798.69M $1.97M 607.49M XTZ
19. VeChain VET
$0.011545
1.60%
$640.22M $13.42M 55.45B VET
20. Zcash ZEC
$123.91
5.64%
$626.03M $81.23M 5.05M ZEC
21. Dogecoin DOGE
$0.004472
2.15%
$521.54M $15.72M 116.63B DOGE
22. Maker MKR
$672.53
2.17%
$489.75M $360,256 728,228 MKR
23. 0x ZRX
$0.896247
2.52%
$486.43M $24.82M 542.75M ZRX
24. OmiseGO OMG
$3.31
3.85%
$464.87M $17.78M 140.25M OMG
25. Bitcoin Gold BTG
$26.64
3.61%
$460.75M $2.51M 17.3M BTG
26. Ontology ONT
$1.82
0.75%
$376.92M $17.28M 207.02M ONT
27. Qtum QTUM
$3.93
3.48%
$350.02M $88.55M 88.97M QTUM
28. Decred DCR
$38.52
0.52%
$334.04M $967,907 8.67M DCR
29. Aeternity AE
$1.40
10.70%
$325.77M $15.97M 233.02M AE
30. Lisk LSK
$2.90
0.73%
$322.58M $5.41M 111.35M LSK
31. ICON ICX
$0.701305
2.55%
$271.71M $13.35M 387.43M ICX
32. Nano NANO
$2.01
1.35%
$267.99M $3.73M 133.25M NANO
33. BitShares BTS
$0.100102
3.71%
$266.9M $2.81M 2.67B BTS
34. Zilliqa ZIL
$0.034095
0.79%
$265.29M $3.36M 7.78B ZIL
35. Bitcoin Diamond BCD
$1.72
1.68%
$264.88M $1.13M 153.76M BCD
36. DigiByte DGB
$0.023791
2.88%
$260.41M $2.09M 10.95B DGB
37. Bytecoin BCN
$0.001359
1.91%
$250.08M $608,818 184.07B BCN
38. Basic Attention Token BAT
$0.249792
18.93%
$249.79M $27.78M 1000M BAT
39. Siacoin SC
$0.006610
4.28%
$247.76M $3.64M 37.48B SC
40. Steem STEEM
$0.819803
1.82%
$229.82M $591,008 280.33M STEEM
41. Verge XVG
$0.014298
2.51%
$216.92M $1.9M 15.17B XVG
42. Waves WAVES
$1.96
-2.24%
$195.8M $5.01M 100M WAVES
43. Bytom BTM
$0.193168
7.99%
$193.65M $33.79M 1B BTM
44. Pundi X NPXS
$0.001511
1.61%
$189.9M $19.23M 125.65B NPXS
45. TrueUSD TUSD
$1.01
-0.79%
$165.64M $17.04M 164.11M TUSD
46. Electroneum ETN
$0.019771
2.39%
$161.22M $715,345 8.15B ETN
47. Metaverse ETP ETP
$3.03
4.78%
$160.23M $5.69M 52.8M ETP
48. Holo HOT
$0.001130
1.30%
$150.59M $3.02M 133.21B HOT
49. Golem GNT
$0.153614
1.27%
$147.35M $987,301 959.24M GNT
50. Stratis STRAT
$1.39
2.15%
$137.69M $402,792 99.06M STRAT
51. Komodo KMD
$1.25
-3.14%
$137.44M $1.41M 110.19M KMD
52. Augur REP
$12.47
0.44%
$137.2M $1.72M 11M REP
54. Populous PPT
$3.36
4.01%
$124.48M $1.05M 37M PPT
55. Status SNT
$0.035808
1.08%
$124.27M $1.27M 3.47B SNT
56. Cryptonex CNX
$2.14
1.02%
$118.9M $7.53M 55.51M CNX
57. Waltonchain WTC
$2.88
-2.93%
$115.8M $21.65M 40.14M WTC
58. Ardor ARDR
$0.113994
1.22%
$113.88M $1.9M 999M ARDR
59. Wanchain WAN
$0.99
-0.25%
$105.55M $1.28M 106.15M WAN
60. Aion AION
$0.427214
1.86%
$103.73M $3.8M 242.81M AION
61. IOST IOST
$0.012198
3.56%
$102.46M $4.55M 8.4B IOST
62. Mithril MITH
$0.254761
-0.47%
$98.69M $4.99M 387.39M MITH
63. KuCoin Shares KCS
$1.08
0.21%
$98.37M $70,992 90.73M KCS
64. Digitex Futures DGTX
$0.139075
7.40%
$97.35M $1.6M 700M DGTX
65. Aurora AOA
$0.026428
1.38%
$93.61M $712,871 3.54B AOA
66. CyberMiles CMT
$0.120559
1.18%
$92.18M $16.2M 764.6M CMT
67. DigixDAO DGD
$44.56
4.31%
$89.13M $405,579 2M DGD
68. ETERNAL TOKEN XET
$1.47
6.43%
$88.8M $432,656 60.44M XET
69. MaidSafeCoin MAID
$0.195568
2.51%
$88.5M $619,551 452.55M MAID
70. ReddCoin RDD
$0.003072
-0.38%
$88.49M $498,618 28.81B RDD
71. Loopring LRC
$0.109780
2.20%
$86.61M $835,530 788.98M LRC
72. GXChain GXS
$1.43
2.84%
$85.59M $1.43M 60M GXS
73. aelf ELF
$0.341188
-6.36%
$85.3M $18.85M 250M ELF
74. HyperCash HC
$1.91
1.95%
$83.03M $650,939 43.53M HC
75. Huobi Token HT
$1.63
2.33%
$81.54M $8.99M 50M HT
76. Ark ARK
$0.759345
3.25%
$80.36M $346,038 105.82M ARK
77. QASH QASH
$0.218014
0.15%
$76.3M $479,666 350M QASH
78. FunFair FUN
$0.014714
-0.42%
$76.21M $385,280 5.18B FUN
79. Dentacoin DCN
$0.000231
0.19%
$75.01M $142,935 325.23B DCN
80. PIVX PIVX
$1.32
0.53%
$74.71M $922,795 56.78M PIVX
81. Bancor BNT
$1.28
1.20%
$73.97M $3.93M 57.58M BNT
82. Nebulas NAS
$1.62
1.11%
$73.9M $4.87M 45.5M NAS
83. Decentraland MANA
$0.070044
1.64%
$73.56M $2.5M 1.05B MANA
84. Loom Network LOOM
$0.121225
3.13%
$72.85M $4.47M 600.95M LOOM
85. MOAC MOAC
$1.16
0.38%
$72.49M $98,602 62.46M MOAC
86. Power Ledger POWR
$0.186128
5.51%
$72.13M $6.12M 387.51M POWR
87. MonaCoin MONA
$1.14
-2.49%
$72.12M $200,156 63.08M MONA
88. Dropil DROP
$0.003201
-3.60%
$71.77M $221,241 22.42B DROP
89. Elastos ELA
$9.23
-0.44%
$71.28M $2.57M 7.72M ELA
90. Crypto.com MCO
$4.44
-0.32%
$70.13M $898,088 15.79M MCO
91. Horizen ZEN
$13.52
1.93%
$67.25M $401,092 4.97M ZEN
92. WAX WAX
$0.071836
6.12%
$67.15M $547,303 934.79M WAX
93. Polymath POLY
$0.233972
-5.29%
$66.73M $11.32M 285.22M POLY
94. Dai DAI
$1.01
2.09%
$63.44M $1.84M 62.96M DAI
95. Genesis Vision GVT
$14.25
9.17%
$62.96M $4.19M 4.42M GVT
96. Theta Token THETA
$0.087684
1.00%
$61.82M $440,642 705M THETA
97. TenX PAY
$0.553236
0.66%
$60.5M $359,817 109.35M PAY
98. Gold Bits Coin GBC
$0.569512
364.11%
$60.35M $66,623 105.97M GBC
99. Nxt NXT
$0.060181
-0.71%
$60.12M $837,667 999M NXT
100. SALT SALT
$0.711179
23.76%
$58.99M $3.37M 82.94M SALT