One of the popular stablecoins of recent times TUSD, on a trading pair from Binance He saw 1.2 dollars.
It was seen that the pressure on stablecoins increased after the period of FTX bankruptcy. Frequently depegged stablecoins and BUSD, which has been investigated by regulators, paved the way for the emergence of new stablecoins. One of the most popular stablecoins of recent times It’s TUSD.
Strong support from Binance TUSD, on Binance USDT/TUSDat par Rising to $1.2attracted attention.
TUSD Becomes Upward Depeg
According to a study by Kaiko TUSD, due to high demand in DeFi lending protocols He saw $ 1.2 on Binance.
Especially SUI The massive demand for crypto projects like stablecoins has benefited. Lately Binance Backed by , TUSD became a depeg after organic borrowing transactions. However, this depeg, the price of TUSD Raised it to $1.2.
According to a report by WuBlockchain, an anonymous crypto investor TUSD Adds massive liquidity on the side. The platform where TUSD records the most lending activity aaveit happened.
On several trading pairs of Binance TUSDhighlighting and SUI launchpad It was shown as important details that it offers the opportunity to participate with TUSD. Recording an increasing volume, TUSD has been depeg due to the increasing demand in recent lending protocols. TUSD’s interest has been driving its short-term price It moved to $1.2 in USDT pair.
