Crypto
Binance to Swap BUSD Held in User Protection Fund for USDT and TUSDT
Binance said it replaced its BUSD assets in the SAFU fund with USDT and TUSD.
BTC$63,842.00-1.34%
ETH$1,853.15-1.82%
USDT$0.9991-0.01%
USDC$0.99990.00%
XRP$1.09-1.99%
SOL$73.73-3.02%
TRX$0.3302+1.20%
FIGR_HELOC$1.04+3.79%
HYPE$58.71+0.10%
DOGE$0.0686-1.50%
RAIN$0.0142+0.90%
USDS$0.9999+0.01%
LEO$9.64-0.88%
ZEC$490.88-4.53%
XMR$358.43+1.99%
BTC$63,842.00-1.34%
ETH$1,853.15-1.82%
USDT$0.9991-0.01%
USDC$0.99990.00%
XRP$1.09-1.99%
SOL$73.73-3.02%
TRX$0.3302+1.20%
FIGR_HELOC$1.04+3.79%
HYPE$58.71+0.10%
DOGE$0.0686-1.50%
RAIN$0.0142+0.90%
USDS$0.9999+0.01%
LEO$9.64-0.88%
ZEC$490.88-4.53%
XMR$358.43+1.99%
Earlier this year, TrueUSD became the fifth-largest stablecoin by market cap, propelled by its increasing role on Binance.
Binance said it replaced its BUSD assets in the SAFU fund with USDT and TUSD.
In search for a new stablecoin, Binance boosts DeFi projects.
Following the demise of BUSD, both USDT and USDC gained more inflows than other alternatives combined.
The conversion rate for affected stablecoins will be 1:1.