Launchpool

Coin

<ul class="news-points"> 
 <li><strong>Tether’s TUSD has overtaken BUSD’s supply for the first time since Paxos halted BUSD minting.</strong></li> 
 <li><strong>TUSD’s market cap now exceeds $3.4 billion after a 15.6% supply surge over 3 days.</strong></li> 
 <li><strong>With BUSD crumbled by scrutiny of its issuer, rival stablecoin TUSD seized the top spot on leading crypto exchange Binance.</strong></li> 
</ul> 
<p>For the first time since Binance’s BUSD launch, TrustToken’s TUSD has surpassed BUSD’s market supply following recent regulatory setbacks.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24TUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TUSD</a> supply has surpassed <a href="https://twitter.com/search?q=%24BUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BUSD</a> supply for the first time since <a href="https://twitter.com/Paxos?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Paxos</a> stopped issuing <a href="https://twitter.com/search?q=%24BUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BUSD</a>.<a href="https://t.co/ZtD1M1BY2w" target="_blank" rel="noopener noreferrer nofollow">https://t.co/ZtD1M1BY2w</a> <a href="https://t.co/E7dgOjp1jI" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/E7dgOjp1jI</a></p>— Bradley Park (ㅂ) (@Bpark9420) <a href="https://twitter.com/Bpark9420/status/1698465585242276291?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 3, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>According to data from September 5, TUSD’s circulation now exceeds BUSD’s $2.8 billion market cap. This crossover comes as BUSD-issuer Paxos halted minting and Binance discontinued support amid pressure from U.S. authorities.</p> 
<p>In the past three days alone, TUSD’s supply grew nearly 15.6% to over $3.4 billion. Meanwhile, BUSD’s valuation declined without Binance’s backing. Multiple factors contributed to TUSD’s sudden rise. For one, Binance introduced new TUSD trading pairs and staking options through its Launchpool program. This…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/tusd-trumps-busd-in-supply-showdown-amid-binance-regulatory-fallout/">TUSD Trumps BUSD in Supply Showdown Amid Binance Regulatory Fallout</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

TUSD Trumps BUSD in Supply Showdown Amid Binance Regulatory Fallout

Coin Edition

Other articles published on Sep 5, 2023

Shiba Inu: Why Is Shibarium Ideal for Small Businesses?

FTX Bankruptcy, Rising Costs, and Lawsuits Alters Crypto Market: Reports

Special Matty Unveiled!

Cardano (ADA) Faces SEC Scrutiny: Impact on Price and Market Landscape

Legal and Technical Hurdles Await EU's Digital Euro in Non-Euro States

Crypto Market Makers Shifts To Safe Strategy To Survive Turmoil

Join our free newsletter for daily crypto updates!