The TUSD team has announced the launch of its stablecoin TUSD on the BNB Chain as a native token. Individual and institutional clients can now mint and redeem native BSC (BNB Smart Chain) TUSD using the TUSD website. This action represents a turning point in TUSD’s multi-chain deployment and opens the door for TUSD’s deeper integration into the BSC (BNB Smart Chain) ecosystem.
TUSD has embraced the multi-chain movement in recent years and has backed several chains, supplying reliable, high-quality liquidity to some DeFi ecosystems to strengthen their infrastructure.
TUSD has been implemented on more than ten different public chains in addition to being native to a few other blockchains, such as TRON and Ethereum, in addition to BNB Smart Chain. TUSD holders can now participate in diverse blockchain ecosystems more quickly and easily through the support of crypto exchanges like Binance, Huobi, Poloniex, and OKX to deposit and withdraw different versions of TUSD.
TUSD has formed a strong partnership with the Binance ecosystem. In terms of exchanges, the Binance exchange has introduced 13 TUSD spot trading pairs, including “TUSD/BTC, TUSD/ETH, TUSD/BNB, and TUSD/ARB,” with a trading volume of approximately $1,234,642,407 in the previous day.
Furthermore, TUSD has been added to many Binance products, such as Binance VIP Loan and Binance Launchpad. Binance Futures supports TUSD as a margin asset in Multi-Assets Mode.
TUSD has been successfully deployed on various chains within the BSC ecosystem and went live on PancakeSwap, Ellipsis, and other decentralized exchanges in the ecosystem. TUSD is also supported by some lending protocols, including Venus and Valas, as well as yield aggregators such as Acryptos and Beefy. As a result of these developments, it is anticipated that TUSD will gain acceptance from a larger group of users and protocols, further solidifying its position within the Binance ecosystem.
TUSD is the first stablecoin to provide live 24-hour attestation on the blockchain. TUSD’s collaboration with many banks and other organizations allows holders to mint and redeem their tokens around the clock. TUSD also uses some other techniques to guarantee industry-leading stability, security, and transparency. It evolved to become the first stablecoin with USD backing to use Proof of Reserves to safeguard minting after connecting with Chainlink.
Stablecoins serve as a link between cryptocurrencies and the real world. It is envisaged that TUSD will continue to be a model of openness, security, and robustness, extending its use cases at a lower cost while bringing in more market-oriented options and higher returns for its users.n