TrueUSD (TUSD) Officially Launches on Binance with Increased Supply

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.

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.

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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Cryptocurrency Price Change 24h Market Cap Volume Circulating Supply Price Chart
1. Bitcoin BTC
$111.11B $3.76B 17.22M BTC
2. Ethereum ETH
$28.21B $1.27B 101.47M ETH
$12.99B $290.37M 39.37B XRP
4. Bitcoin Cash BCH
$9.15B $329.05M 17.31M BCH
$4.37B $443.81M 906.25M EOS
6. Stellar XLM
$4.18B $63.22M 18.77B XLM
7. Litecoin LTC
$3.23B $210.19M 57.94M LTC
8. Tether USDT
$2.73B $2.52B 2.72B USDT
9. Cardano ADA
$2.43B $54.75M 25.93B ADA
10. Monero XMR
$1.55B $20.67M 16.34M XMR
$1.42B $35.61M 2.78B MIOTA
$1.37B $103.84M 65.75B TRX
13. Ethereum Classic ETC
$1.29B $207.26M 103.95M ETC
14. Dash DASH
$1.16B $131.21M 8.27M DASH
$1.15B $55.7M 65M NEO
$909.87M $9.06M 9B XEM
17. Binance Coin BNB
$909.54M $14.89M 95.51M BNB
18. Tezos XTZ
$823.3M $4.94M 607.49M XTZ
19. VeChain VET
$799.24M $36.96M 55.45B VET
20. Zcash ZEC
$625.08M $74.43M 4.62M ZEC
21. OmiseGO OMG
$523.94M $22.59M 140.25M OMG
22. Lisk LSK
$444.4M $5.59M 109.29M LSK
23. 0x ZRX
$371.8M $15.39M 537.77M ZRX
24. Qtum QTUM
$368M $119.21M 88.83M QTUM
25. Ontology ONT
$332.34M $143.1M 151.29M ONT
26. Bitcoin Gold BTG
$317.83M $5.79M 17.19M BTG
27. Decred DCR
$309.75M $2.48M 8.33M DCR
28. Bytecoin BCN
$307.87M $2.13M 183.89B BCN
29. Maker MKR
$289.84M $156,492 668,228 MKR
30. Dogecoin DOGE
$278.03M $2.25M 115.81B DOGE
31. BitShares BTS
$273.62M $7.42M 2.65B BTS
32. Zilliqa ZIL
$268.43M $10.65M 7.57B ZIL
33. DigiByte DGB
$264.12M $1.83M 10.69B DGB
$244.22M $12.56M 387.43M ICX
35. Steem STEEM
$238.97M $2.88M 274.61M STEEM
36. Nano NANO
$233.8M $7.89M 133.25M NANO
37. Aeternity AE
$226.48M $4.5M 233.02M AE
38. Waves WAVES
$213.36M $3.23M 100M WAVES
39. Basic Attention Token BAT
$208.66M $3.29M 1000M BAT
40. Siacoin SC
$202.62M $2.4M 36.39B SC
41. Augur REP
$201.93M $3.7M 11M REP
$199.08M $142,469 62.46M MOAC
43. Verge XVG
$197.22M $2.6M 15.17B XVG
44. Populous PPT
$171.4M $3.86M 37M PPT
45. Bytom BTM
$165.13M $30.17M 1B BTM
46. Pundi X NPXS
$161.09M $2.6M 97.19B NPXS
47. Bitcoin Diamond BCD
$161.06M $607,360 153.76M BCD
48. RChain RHOC
$152.99M $179,906 362.01M RHOC
49. Golem GNT
$143.61M $3.81M 959.24M GNT
50. Stratis STRAT
$142.27M $1.02M 98.98M STRAT
51. Metaverse ETP ETP
$138.78M $2.88M 48.64M ETP
52. Status SNT
$137.87M $4.34M 3.47B SNT
53. Hshare HSR
$130.08M $17.41M 43.38M HSR
54. KuCoin Shares KCS
$125.53M $242,933 90.73M KCS
55. Komodo KMD
$121.64M $343,223 109.13M KMD
56. Mithril MITH
$121.53M $28.25M 376.76M MITH
57. Dentacoin DCN
$116.24M $99,883 325.23B DCN
$114.13M $10.7M 8.4B IOST
60. Waltonchain WTC
$109.84M $3.32M 40.14M WTC
61. Ardor ARDR
$107.73M $1.08M 999M ARDR
62. MaidSafeCoin MAID
$107.43M $1.67M 452.55M MAID
63. DigixDAO DGD
$107.13M $169,794 2M DGD
64. Huobi Token HT
$104.35M $33.27M 50M HT
65. MonaCoin MONA
$96.88M $361,929 61.72M MONA
66. Cryptonex CNX
$95.61M $3.19M 45.43M CNX
67. Aion AION
$94.92M $1.63M 206.99M AION
68. Mixin XIN
$94.71M $56,995 442,034 XIN
69. ZenCash ZEN
$92.29M $760,920 4.55M ZEN
70. aelf ELF
$89.38M $8.76M 250M ELF
71. Wanchain WAN
$89.19M $1.73M 106.15M WAN
72. Kin KIN
$87.99M $868,177 756.1B KIN
73. FunFair FUN
$87.17M $1.28M 5.01B FUN
74. Nebulas NAS
$83.51M $11.45M 45.5M NAS
75. GXChain GXS
$82.97M $1.6M 60M GXS
76. Bancor BNT
$82.42M $3.63M 52.49M BNT
77. Kyber Network KNC
$75.45M $7.24M 134.13M KNC
78. Bitcoin Private BTCP
$75.3M $150,868 20.52M BTCP
79. ReddCoin RDD
$74.27M $1.22M 28.81B RDD
80. Emercoin EMC
$73.27M $1.54M 42.12M EMC
81. Holo HOT
$72.91M $3.34M 133.21B HOT
82. Power Ledger POWR
$72.44M $5.9M 375.05M POWR
83. TaTaTu TTU
$72.29M $302,673 96.73M TTU
84. ZCoin XZC
$72.04M $1.25M 5.47M XZC
85. Decentraland MANA
$71.3M $3.16M 1.05B MANA
86. Elastos ELA
$71.08M $2.53M 7.89M ELA
87. Ark ARK
$70.15M $468,587 104.65M ARK
$68.93M $6.39M 15.79M MCO
89. Nxt NXT
$67.85M $2.04M 999M NXT
$65.71M $395,921 930.85M WAX
91. TrueUSD TUSD
$65.38M $11.21M 65.27M TUSD
92. TenX PAY
$63.93M $4.39M 109.26M PAY
$62.05M $470,206 56.78M PIVX
94. Aurora AOA
$60.36M $105,758 3.46B AOA
$59.97M $372,033 350M QASH
96. Cortex CTXC
$59.83M $4.5M 149.79M CTXC
97. Loopring LRC
$59.42M $1.91M 572.07M LRC
98. Veritaseum VERI
$57.91M $761,518 2.04M VERI
99. Nuls NULS
$54.97M $2.51M 40M NULS
100. CyberMiles CMT
$53.64M $4.37M 694.91M CMT