BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin
BNB-based totally Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins with robust ecosystems and credibility, encouraging investors to hold their capital and pass to stablecoins sponsored via 1:1 reserves. TUSD proudly sits on this list.
As a blue-ribbon stablecoin favored by way of large numbers of users, TUSD leverages diverse mechanisms to ensure enterprise-main transparency, safety, and balance. In addition, it’s far the first stablecoin with 24-hour live on-chain attestations, imparting 24/7 real-time token minting and redemption offerings through partnerships with multiple regulated consider groups.
The TUSD crew is likewise careful approximately its choice of partners for its fast expansion into crypto exchanges, public chains, and DeFi structures, among different fields. TUSD is now available on nearly 100 crypto exchanges global, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, such as BNB Chain, Ethereum, and TRON, eight of which ranked because the top 10 public chains by TVL in keeping with Defi Llama. Within DeFi, TUSD has incorporated with a ramification of initiatives spanning DEXs, lending protocols, margin lending projects, and yield aggregators.
The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.
One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It’s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601.
TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time.
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