Trading for the LDO/TUSD, MATIC/TUSD, OP/TUSD, SOL/TUSD, SSV/TUSD, and XRP/TUSD trading pairs will begin on March 29 at 08:00, according to a recent announcement from Binance. Up until new notice, users will pay no maker fees for them. More traders are anticipated to investigate and use these new trading pairs with this incentive.
XRP Gets Novel TUSD Trading Pair on Binance
The controversial businessperson Justin Sun, who was recently sued by the SEC, is the owner of TUSD, which has replaced Binance’s BUSD stablecoin. Following announcements from the New York Department of Financial Services, Paxos, the company that created the BUSD stablecoin, said on February 21 that it would stop creating new BUSD tokens.
This move came immediately after the announcement. Binance has been seeking to replace the BUSD trading pairs with different stablecoins in response.
Binance’s Decision
The Secure Asset Fund for Users (SAFU), where Binance holds its BUSD holdings, recently exchanged BUSD for TUSD and USDT. The decision was taken in order to guarantee that customers would be long-term protected by SAFU assets as the market capitalization of BUSD declined. The funds will continue to be kept in publicly verifiable addresses. Binance highlighted that this change would not have an effect on users.
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