bullish

Binance Coin

TUSD Depegs Amidst Heavy Borrowing

293 Views03 May 2023 09:28
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SUMMARY
  • TUSD depegged on a number of exchanges yesterday, hitting a high of $1.20 relative to USDT on Binance.
  • Binance has recently been promoting TUSD, making BTC-TUSD the only zero-fee pair on the exchange.
  • This quickly made Binance BTC-TUSD one of the highest-volume pairs in all of crypto despite TUSD being relatively unknown amongst stablecoins.
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