TUSD

Any-Engineering-2022

I assume you're new to this... This is how it works we exchange our fiat with stable coin (mostly) such as USDT, USDC, TUSD etc and swap 'em with the desired token of equivalent value.

CryptoAnarchyst

So I've been using Binance, Kraken, Coinbase, BitStamp, BitMex, Kucoin, Gate.io, and few others since 2016... none of them have USD or EURO traded pairs. They have USDT, USDC, TUSD, etc... In the US and Europe, in order to maintain a legal crypto exchange status, they actually CAN'T offer fiat traded pairs... part of the SEC deal they made. Unless you found a loophole, which I highly doubt

Objective_Digit

https://assets.ctfassets.net/vyse88cgwfbl/24G4DuQ0HE7h7EQE6vGy4J/8a8a170edf687ea07b3f86048af8b87b/ESO.03.01_Std_ISAE_3000R_Opinion_31-03-2023_BDO_Tether_CRR.pdf >You're using tether's importance in the crypto space as a reason for its continued importance. Where did I say it was important? You're the one who seems to think it's crucial. >Just to answer the question straight: USDC, BUSD, and TUSD. They are fully audited and are much more trustworthy than tether. Now give me your sources.

GullibleMacaroni

Please send any proof that it was an audit. I looked it up, and it was definitely not an audit. > what would you sell your bitcoin for? That's a bit of circular reasoning, no? You're using tether's importance in the crypto space as a reason for its continued importance. Just to answer the question straight: USDC, BUSD, and TUSD. They are fully audited and are much more trustworthy than tether.

Objective_Digit

It was an audit. >because the other stablecoins cannot fill the vacuum that tether would leave behind. The next biggest stablecoins- USDC, BUSD, and TUSD- do not print money like tether and there's no way they would find the funding to back $100B worth of new coins. Again. Unless the exchange offers fiat what would you sell your Bitcoin for? And why is a better question.

GullibleMacaroni

Yeah, no. It was not an audit. It was just a report that tether made themselves and released via a third party to earn some sort of legitimacy. Tether has never been fully audited in its 10 years of existence. > what are people going to sell their Bitcoin for if there's no dollar placeholder? That's why a tether implosion will be catastrophic. Everything in crypto will be affected, because the other stablecoins cannot fill the vacuum that tether would leave behind. The next biggest stablecoins- USDC, BUSD, and TUSD- do not print money like tether and there's no way they would find the funding to back $100B worth of new coins.

antaran

You are not looking at the minting of the Tether, you are looking at the market cap of the circulating supply. This does not equal minting or "printing". Tether keeps several billions of minted coins in their wallets as reserve and uses them in chunks of hundreds of millions when they please. Aside from that, Tether is not the main coin used for the washtrading pumping of BTC. Binance usually uses their own coins for this. In earlier times it was BUSD and TUSD, now it is FDUSD. As you can see on [coinmarketcap](https://coinmarketcap.com/currencies/bitcoin/) the largest trading pair for BTC is for FDUSD. FDUSD is a Justin Sun connected coin with a market cap of ~3 billion but a 24h volume of a staggering 24 billion USD. Meaning every FDUSD in existence is traded 7 times a day I am not going to explain to you what this means. Tether only comes into into play to stabilize the peg of the current pumping coin.

OneRobotBoii

Meanwhile TUSD depegged

CapablePiglet1044

Cool. And what % of that is with USDT vs USD? What you have linked is the TOTAL volume including USDT/USDC/TUSD/FDUSD and every other stablecoin.

ohThisUsername

Curious why DAI isn't on top. Isn't it the only decentralized one? I never understood why TUSD came out on top, but I supposed they had a first mover advantage.

funkinaround

Market makers are in the business of trading on the bid and ask to collect the spread between them. They are not in the business of operating stablecoins. There are other stablecoins out there: USDC, DAI, TUSD, FDUSD. No one uses them unless they are liquid enough to be useful. Tether happens to have most of the liquidity and pricing prevalence. It's a first mover advantage + people pulled out of USDC due to SVB exposure + BUSD is effectively shut down. Tether simply lasted longer.

big_fetus_

We're talking about TUSD the Justin Sun scam that apparently still exists, friend.

Professional_Day365

Have you been on binance lately (in the last 6 months)? Most pairs have no fees if you trade with TUSD (and some pairs with FDUSD). All pairs with USDT have standard fees. See https://www.binance.com/en/support/announcement/binance-launches-tusd-zero-maker-fee-promotion-and-updates-fee-promotions-for-busd-usd-stablecoin-pairs-a376bf14673044e0a1fae8fe60cb0700

Professional_Day365

We’re talking about TUSD here, not USDT.

ckhumanck

Truly mind blowing. i can only assume USDT served as the inspiration. The story of USDT is like that of some minor crooks that rose to the ranks of like head of the family Don then semi retired from crime, laundered their criminal wealth through legitimate enterprises and are now semi-legit. It's very curious that almost from day 1 Binance became an extremely large and important TUSD stake holder.

Calibased

I didn’t know we were taking TUSD serious now

TheAntagonist202

The marketcap of TUSD is 1.5b. This is definitely not the preferred stablecoin of binance.

TheAntagonist202

There's like 5 holders of TUSD, mainly JSun. This is not even close to the magnitude of Luna. You guys are also acting like TUSD hasn't lost peg in the past. This is like the 10th time since 2019.

Sothisismylifehuh

#Time to take out loans in TUSD, you say?

vstoykov

TUSD is not a Binance's problem. They have no obligations to support the market price of the TUSD. The 2 cent below $1 is negligible.

Boring_Ad4003

TUSD is still binance's preferred stablecoin. They have TUSD pairs trading with 0 maker fees, i guess a lot of volume is because of that, to make it more appealing for people to hold. I have some loans in TUSD, i wouldn't mind it depending, it would be a lot easier to repay it if it's cheaper.

thermologic_

I am shorting TUSD so thats why its depegged.

Sheeple9001

Gonna try buying a bit of TUSD before it re-pegs, hope for some small gains, wish me luck!

coinfeeds-bot

tldr; Crypto exchange HTX, formerly known as Huobi, has temporarily disabled its proof-of-reserves feature amid concerns regarding the stablecoin TrueUSD (TUSD). TUSD has been struggling to maintain its peg to the $1 value for over two weeks and is reportedly linked to HTX stakeholder Justin Sun. Discrepancies were noted by analyst Adam Cochran, who pointed out that HTX's ETH holdings were significantly lower than reported in their last audit. The proof-of-reserves page was briefly taken down, raising questions about the exchange's transparency, especially during the ongoing issues with TUSD's backing. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

konn_freeride

TUSD stable coin is trying something.

piggleii

You would think if it was possible to legitimately exchange 1 TUSD for 1 US dollar IRL, someone would be busy arbitraging it back to peg.

sell_at_top_nov2025

TUSD just can't seem to get that peg back. Just loaded up on popcorn, LFG!!

sell_at_top_nov2025

Thanks to TUSD I am once again in it for the drama

FancyCoolHwhip

TUSD depegging. Could get interesting

Dfranco123

It is said that a certain someone by the name of “Justin Sun” is the owner of TUSD. I would stay clear of this project and anything that he touches I wouldn’t even touch that with a 10 foot pole or any of his project as a matter of fact.

figlu

TUSD is fake, tether next

noviwu97

Yeah, this is like the 4th times since December. I only stake TUSD and netted me around 8% so far.

Ashamed_Moment_2477

Paolo we need some TUSD here😎

TypicalHog

If you did some research, you would know Cardano has $416M in DeFi TVL. You would know that Cardano had almost the same institutional money flow as Ethereum ($12M vs $15M), which is a big deal considering the fact Cardano's MC is about 13 times smaller. You would know a lot of people outside of this subreddit talk about it, it's talked about in r/cardano, it's talked about on Twitter, YouTube, Discord servers and more. "After 7 years in development" Cardano has a lot to show - it literally has the best PoS system in Crypto (provably secure natively liquid non-custodial staking that's LITERALLY risk free and doesn't have locking). It also combines Bitcoin's UTXO with SCs in a way it's way safer and scalable than Ethereum while still being insanely more expressive than Bitcoin. We have some stablecoins (would be nice to see some more, like $USDM (Mehen), which is coming soon) and we also don't have frauds like USDT or TUSD, which is nice. TPS might not be as high (so far), but will be once we get Input Endorsers (look it up). Cardano prioritizes decentralization, stability and security and once it get's those right - then it goes after scalability. "prioritizes an academic approach to building vs. the standard “ship and iterate” strategy that all the most successful tech businesses have used" - I would argue this is exactly where Cardano shines and also, Cardano is not a tech business lmao, it's a protocol. I would must rather my financial system to be safe and secure than to go fast and break things and make me sweat thinking is this safe, is this going to break, is this going to work in the future etc. This is an insanely delusional argument imo. DYOR next time.

mchaud

This is the table described in the article: Dai (DAI) 4 (constrained) First Digital USD (FDUSD) 4 (constrained) Frax (FRAX) 5 (weak) Gemini dollar (GUSD) 2 (strong) Pax Dollar (USDP) 2 (strong) Tether (USDT) 4 (constrained) TrueUSD (TUSD) 5 (weak) USD Coin (USDC) 2 (strong)

bibimbap0607

Yeah, probably should get a hardware wallet. Not sure Ledger or not as they have a bad image now because of optional backup feature. I am still fine with my Ledger though. For grid bots I went completely safe and traded BTC/TUSD which has 0 fees so you can make your grid as big as it allows you without losing anything on fees. If I remember correctly I put something like 1500 bucks into it when price was around $25000. My grid limit was something like 15000 and 35000. It ran for a few months I think, the return was $30-50. When it was volatile I could easily get $10 in a few days. When it wasn’t volatile at all, barely made anything. The thing is if you want to go conservative with spot grid bots, trade pairs that you don’t mind holding when they plump. Example, BTC/TUSD or ETH/TUSD. If any of these coins goes down, so bot buys more of coins I don’t mind holding them. Basically it works as DCAing even though it’s not a right term but you get the idea. As for transaction fees you are asking about, it only affects you if you try to withdraw coins from an exchange to your wallet or if you just send coins normally on-chain between wallets. If you do anything on Binance like trading or moving coins between you Binance “wallets” (spot, earn, funding etc) it doesn’t cost you a dime, it’s free because coins do not get to the chain and sit in Binance account all the time. You can even pay other Binance user via their payment service and the coins still won’t leave the exchange.

Mathiasdk2

Thanks for all your help! I finally managed to withdraw the TUSD after Acryptos paused the vault. So in the end everything worked out, but had it not been for the Acryptos Dev. it wouldn't have, it seems.

12Ghast

Heya, I can help here. So seems like https://bscscan.com/address/0xd65e1f00606f8bdf73e82ff0424dd57bf4c51c43 is the contract address - however, there are no write functions available via BSCScan so you can't interact via the website. The thing you have to understand is that all contract interactions are essentially a normal transaction with some hex data attached to tell the contract what function to call. If you look at the first withdraw transaction made to the smart contract: https://bscscan.com/tx/0xb0e81272e77cb9db83d9430779c3d9d32da0bfdb252be70461264e31a6f220ca It is a redemption of 0.411997432983440201 acsTUSD. The input data reads "0x2e1a7d4d00000000000000000000000000000000000000000000000005b7b57b8159cb49" which can be split into two parts. The first 4 bytes "0x2e1a7d4d" represents the 'withdraw' function, while \`00000000000000000000000000000000000000000000000005b7b57b8159cb49\` is 411997432983440201 in decimal padded to 32 bytes (64 chars) - you can use an online tool like https://www.rapidtables.com/convert/number/hex-to-decimal.html to check. Note how this matches the redemption amount of acsTUSD. To confirm, we can look at a second withdraw attempt: https://bscscan.com/tx/0xa1e6e9ae0afbfcd0af2b1b22c33d48aff22d42919120d9f32df102386e1b18c9 Input data reads: "0x2e1a7d4d00000000000000000000000000000000000000000000000000b507045d3b7909". Again, the first 4 bytes "0x2e1a7d4d" represents the 'withdraw' function. The remaining "00000000000000000000000000000000000000000000000000b507045d3b7909" represents 50954686110071049 in decimal which matches the redemption amount of 0.050954686110071049 acsTUSD. So now that we can match input data to withdrawals, how do we actually construct a tx with custom input data? Go to Metamask -> Advanced Settings -> Show hex data and set it to on. Then simply construct a tx to the contract address (0xd65e1f00606f8bdf73e82ff0424dd57bf4c51c43) and create your own withdraw command. So start with 0x2e1a7d4d for the withdraw function, then figure out how much acsTUSD you have, convert it to hex and attempt to withdraw. i.e. if etherscan said you had 1.234 acsTUSD, this would convert to 1234000000000000000 (18 decimal places) which converts to a hex of 11200C7644D50000 using https://www.rapidtables.com/convert/number/decimal-to-hex.html. Then simply pad this with zeros to 64 chars using a tool like https://www.tools4noobs.com/online\_php\_functions/strlen/https://www.tools4noobs.com/online\_php\_functions/strlen/ giving you \`00000000000000000000000000000000000000000000000011200C7644D50000\`. And thus your custom hex data to withdraw 1.234 acsTUSD is 0x2e1a7d4d00000000000000000000000000000000000000000000000011200C7644D50000. Paste that in the hex data field, and metamask should autoupdate your gas estimate. Send that tx through and you should hopefully get your funds if no contract exploits or anything has happened with Valas TUSD and Acryptos Vault

CryptoAlien2553

\[HOT\] $TUSD loss peg. Source: [https://coincu.com/232298-tron-blockchain-tusd-peg-lost/](https://coincu.com/232298-tron-blockchain-tusd-peg-lost/)

mbdtf95

Tether , USDC, DAI, BUSD and TUSD

pb__

They attack Circle because it has (had?) an ambition to become a de facto USD CBDC. Circle threw Paxos (BUSD) under the bus and now USDC is being thrown under the bus, perhaps by PayPal, who is now in bed with Paxos? Sun also issues a few stables, like USDD, TUSD and FDUSD. Or maybe they just want to protect the dominant role of USD cash in financing terrorist organizations. ;-)

MasterSpoon

Meh, idk if he’d be loading up more trx rn, and a reason he’s switched to primarily using TUSD over USDT these days. Yuchen and Paulo are about to understand what happens when you let your network or technology facilitate transactions for Hamas and violate other OAFC transactions. Plus the US Govt has been looking for an excuse to take the foreignly owned and operated US Dollar on the blockchain company Tether out, and they found it. He’s loading up btc and eth, because those buy favor in places like Grenada.

Aerocryptic

Poloniex hacked, 60 M$ stolen. Justin will need to print more TUSD 😬

FeeeFiiFooFumm

If you trade BTC/TUSD, that is.

Boring_Ad4003

Keep in mind that most BTC trading on binance is made with 0 fees. Binance has a 0 fee for certain pairs, BTC/TUSD is one of them. I imagine those are the most trading pairs, since you don't lose money on fees

coinfeeds-bot

tldr; The article discusses how to obtain free MEME coin, NFTs, and airdrops on various networks such as ZkSync, Ethereum, Scroll, and Polygon. It mentions that MEME had a presale and provides two ways to get free MEME: by staking FUSDT BNB or TUSD on Binance's launchpool, or by completing tasks on Twitter. The article also suggests using Metamask to mint NFTs on optimism with a bridge to Scroll and to mint and bridge NFTs on Zksync. It advises using Binance to transfer funds between networks and recommends signing up for a private newsletter for exclusive tips on making passive income with cryptocurrency and meme coins. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

femaling

I thought it was TUSD? Oh jeez, CZ, make up your mind.

42326041

Yes. All stablecoins including USDT USDC TUSD PYUSD are just smart contracts and they all have block or freeze function, they can freeze any addresses balance anytime.

After_Sock_3550

Well first, Binance already published that they'd be abandoning BUSD a while ago. Especially since BUSD can no longer be issued due to a cease and desist on Paxos(BUSD issuer) by the SEC back in February. Support for BUSD will be dropped by February 2024. Secondly, Binance already tried replacing BUSD with TUSD who have been having some issues of their own. Thirdly, Binance then proposed replacing TUSD with FDUSD more recently. We'll see how that one turns out. So bascially you're not actually right you're just looking in the wrong places. Binance is absolutely trying to get a new stablecoin that they have control over. It's just USDC is controlled by Circle, BUSD was already crushed by regulators and TUSD is mature enough to handle all of Bianance's volume.

Every_Hunt_160

I am of the opinion that USDC is the *only* stablecoin out there backed by *real* money by actual institutions worth billions of dollars in valuation ‘Algorithmic’ stablecoin is usually just a code word for ‘Ponzi bullshit that works , until it doesn’t’. And then USDT/TUSD/USDD and other garbage launched by shady crypto companies, they are just playing the same game of minting shit out of thin air and getting rich off it.

coinfeeds-bot

tldr; Binance critic Adam Cochran issues his final warning on the risky practices of the exchange. He highlights concerns about Binance's use of TrueUSD (TUSD) stablecoin and its involvement in small markets with geopolitical risk. Cochran questions why Binance would undertake these risky endeavors when it is already the largest and most profitable exchange. He encourages users to consider the security of their assets and suggests storing assets off Binance to mitigate potential risks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

NaturephilicReaction

Do not touch HTX, Tron, and TUSD

One_Pause6446

What is the best stable coin? USDT, USDC, FDUSD, TUSD?

dies_und_dass

I like TUSD for the sole reason that I can read it as tushy dollar.

cerebralsexer

After BUSD face problem Binance use all stable shitcoins first TUSD also they use now FDUSD. They can use USDT USDC.

conceiv3d-in-lib3rty

Lol bro what?! Yes, Binance is now currently pushing for their own stablecoin FDUSD. But not before CZ gave his buddy Justin’s TUSD zero maker fees on spot & margin trading pairs, which eventually made the Bitcoin-TrueUSD pair the largest Bitcoin trading pair in the world for this whole year and commanded 50% of Binance's Bitcoin trading volume. This “partnership” also drove up TUSD’s marketcap by 300% in 8 months. All of this while Binance held 90% of the TUSD supply. Before this, TUSD was an obscure stablecoin with a ~$300m marketcap.

The_Terribke_Puddle

TUSD never took off. Binance uses FDUSD.

conceiv3d-in-lib3rty

TUSD is a stableshitcoin ran by a certified scammer who manipulated the crypto market so much it made him a billionaire. It’s also hilarious how Justin Sun got his homeboy CZ to make TUSD the #1 stablecoin on Binance. We often bring up the fact that there are certain elites working together, willing to do whatever it takes to not only keep the power they hold, but grow their power/influence as well. Well the same exact shit is happening in crypto now.

seb7mad

*Looks at TUSD*

coinfeeds-bot

tldr; The stablecoin market has experienced an 18-month decline, with a 35% drop in market capitalization. Factors contributing to this decline include reduced retail participation, surging US treasury yields, and the high opportunity cost of holding stablecoins. Traditional finance rates exceeding crypto-native yields have led to stablecoins being sold off back into fiat. The stablecoin market is highly concentrated, with USDT, USDC, DAI, TUSD, and BUSD comprising over 95% of the market capitalization. USDT has proven to be the most resilient, while USDC has seen a decline in interest. The disparity between USDT and USDC can be attributed to U.S. regulators' hostility towards stablecoins. Stablecoins outside the United States, led by USDT, have become crypto's "killer app" and account for a significant portion of settlement activity on public blockchains. The trend is expected to reverse with a revived interest in crypto trading, steady interest rate cuts, and a pro-crypto regulatory environment. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The stablecoin market has experienced an 18-month decline, with a 35% drop in market capitalization. Factors contributing to this decline include reduced retail participation, surging US treasury yields, and the high opportunity cost of holding stablecoins. Traditional finance rates exceeding crypto-native yields have led to stablecoins being sold off back into fiat. The stablecoin market is highly concentrated, with USDT, USDC, DAI, TUSD, and BUSD comprising over 95% of the market capitalization. USDT has proven to be the most resilient, while USDC has seen a decline in interest. The disparity between USDT and USDC can be attributed to U.S. regulators' hostility towards stablecoins. Stablecoins outside the United States, led by USDT, have become crypto's "killer app" and account for a significant portion of settlement activity on public blockchains. The trend is expected to reverse with a revived interest in crypto trading, steady interest rate cuts, and a pro-crypto regulatory environment. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Peppa-Peg

Rate my portfolio, 20% USDT, 20% USDC, 20% DAI, 20% TUSD, 20% LUNA

Maleficent_Sound_919

It's Justin Tron printing TUSD out of thin air

GoodNature33

everyone says Justin Sun is a scammer...how the heck should CZ work together with this guy? *looking at TUSD*

speedfire21

Justin Sun is a very shady individual involved in a lot of shady activities, he does a lot of minting of TUSD and transfers a lot of TUSD, this association is what makes a lot of people skeptical of TrueUSD.

Rogueofoz

I will never trust TUSD, I used to until Justin Sun bought it

PsychologicalJuice14

That's interesting to hear that TrueUSD (TUSD) is taking a unique approach with Chainlink for its proof of reserves. Chainlink's reputation for providing reliable and decentralized data is a good match for this purpose. It adds an extra layer of transparency and trust to stablecoins like TUSD, which is crucial for users and investors. It'll be intriguing to see how this partnership unfolds and whether it sets a trend in the world of stablecoins and DeFi.

topdollar3

They are just getting rid of BUSDT and pushing TUSD more

discomonk

As for the peg - they maintain it by minting other unbacked stables (TUSD) and wash trading

mikatalyst

Yes, it's very possible, that's a perfect definition of stablecoin USDT BUSD USDC TUSD etc.

mattg1981

Justin Sun just minted $800M TUSD the other day. https://protos.com/justin-t-bills-sun-prints-800m-to-himself/

NaturephilicReaction

Justin suns TUSD.

InsaneMcFries

He actually got a Tether print of $1b. Why would he need that if his own stablecoin TUSD is reliable? So dumb

Dro1100

Was using TUSD on Binance for a while as it was zero-fee but I'm back to USDT mainly for now

Ur_mothers_keeper

No. Listen, quit reading this drivel. The people paying to have these written know exactly what happened and don't want you to know so they can use the same techniques to fleece you next go around. It's very simple: TUSD was backed by burning Luna, something that only had demand for the sake of creating TUSD. This mechanism is unstable and as soon as demand for Luna drops past a threshold, there's no actual collateral backing TUSD and it collapses in a spiral. The whole thing was a transparent sham from day 1. Stop reading these stupid tabloids and start educating yourself about some fundamental concepts, such as collateralization.

timbulance

Deploying more capital ! Furiously prints more TUSD

viljass

**Totally agree.** The wild printing of stablecoins is just too shady. I'm not touching HTX/Huobi, Tron, TUSD and/or USDD even with a ten feet stick.

Armolin

The fact that he minted $800 million of completely unbacked TUSD isn't a good signal.

FattestLion

Don't forget the millions of other stablecoins like USDT, PYUSD, TUSD, SpermUSD and many more!

pb__

They introduced 0 fee pairs with some shady stablecoins TUSD and FDUSD. It was a "necessity" in the sense that they need to move away from BUSD since it's not minted any more. But users don't want to switch to these new stablecoins and hence the volume collapse.

loksfox

I'm just waiting the day justin sun's stablecoin TUSD does the same, anyday now.

Kaybest_

And Binance is slowly replacing his BUSD with TUSD, which is allegedly tied to him. The chain reaction will be worse than LUNA

coinfeeds-bot

tldr; Crypto entrepreneur Justin Sun has minted over $800 million worth of his own stablecoin TUSD, sent them to his controlled exchange Huobi, and burned them. He then used the funds to print more stUSDT and placed them into JustLendDAO to earn interest. Sun has failed to provide details about the nature of TUSD reserves and where they are held. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

laskiasaroo

> his brazenness seemingly became out of control on Friday, when he decided to mint over $800 million worth of his own stablecoin TUSD, put them into a lending protocol he named after himself, and burn them all. There is so much about this sentence I do not understand.

Bunker_Beans

**Plot Twist**: The $580 million came from Justin Sun, and he just printed some TUSD to pay for it.

coinfeeds-bot

tldr; Crypto entrepreneur Justin Sun has minted over $800 million worth of his own stablecoin TUSD, put them into a lending protocol named after himself, and burned them all. This move has raised eyebrows and caused a spike in the TUSD market cap. Sun has failed to provide details about the nature of TUSD reserves and where they are held, as well as how stUSDT is able to offer higher yields than the US treasury. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Br0xigar

"This year, crypto entrepreneur Justin Sun has been on a streak of questionable decisions — but his brazenness seemingly became out of control on Friday, when he decided to mint over $800 million worth of his own stablecoin TUSD, put them into a lending protocol he named after himself, and burn them all." What the actual F?

Successful_Craft3076

Tron founder Justin Sun has claimed that the $815 million in TUSD stablecoin minted, swapped, and deposited into the JustLend platform were his personal funds. You go get them Justin. Why leave all the game to SBF

Jaded-Reply3495

It's surprising lot of people don't know how CZ and Justin Sun control the TUSD after their BUSD printing machine malfunctioned.

Every_Hunt_160

I can summarise into a word for Justin Sun's TRX and TUSD : SCAM !

Silver-dutch

“The recent on-chain activity has sparked concerns within the crypto market. Some worry there might be something brewing behind the scenes that could impact the industry as a whole. Specifically, the nearly $1 billion TUSD mint has prompted inquiries into the full collateralization of the stablecoins.” It’s terra Luna all over again

coinfeeds-bot

tldr; TRON founder Justin Sun has minted $865 million worth of TrueUSD (TUSD) stablecoin, raising concerns about the collateralization of these stablecoins. Sun claims they are backed by treasury bills, but has not provided further details. The move comes amid declining adoption of TUSD and ongoing SEC charges against Sun. The on-chain activity has sparked concerns within the crypto market, with some worrying about potential impacts on the industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Affectionate_Hand_76

1. Upward crab activated. 2. On Friday afternoon, HTX board member Justin Sun printed $815 million in stablecoin TUSD, in less than 15 minutes.  3. Mark Cuban loses $870k to a crypto scam: “They must have been watching” 👽 🛸 4. MOON’s looking to rise above 0.30, BTC crabbing towards 27K & ETH at 1632. All APECOIN Holders in red.PEPE has officially dropped out of top 100. 5. PPI, Retail Sales, and Unemployment claims bit higher than expectations. 6. Telegram adds self-custodial crypto wallet worldwide, excluding the US. 7. No announcement from reddit regarding Reddit community points. Notable Financial Dates Coming Up: * September 19, 20: FED Meeting. * September Jobs Data: October 06.

Successful_Craft3076

Justin Sun Printed $815 Million TUSD and Transferred it to His Staking Platform

KIG45

On Friday afternoon, HTX board member Justin Sun initiated a mass printing of the little-used TUSD stablecoin, a move that caught the attention of traders as over $815 million entered circulation in less than 15 minutes. What madness!

coinfeeds-bot

tldr; Justin Sun, a board member of HTX, has printed $800 million worth of the stablecoin TUSD in a short period of time. The funds were then sent to an unlabeled contract and burned. Sun also minted $865 million worth of stUSDT and deposited it into the Tron-based lending platform JustLend. The deposits increased JustLend's total value locked by 17%. The Tether spokesperson clarified that stUSDT is an independent project not affiliated with Tether. Sun stated that the transactions were related to his personal fund and not Huobi business. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; 75% of all fiat volume on Binance, the largest cryptocurrency exchange, is dominated by the Turkish Lira (TRY). This indicates a shift in global dynamics and crypto adoption. The Turkish Lira has become the most preferred currency, surpassing the Euro and Brazilian Real. The popularity of TRY has increased significantly in recent years, with adoption spiking in 2022 and reaching the top in 2023. Binance supports over 380 coins and more than ten fiat currencies, including TRY, Nigerian Naira, GBP, and Australian Dollar. Stablecoins like USDT and TUSD are among the most liquid pairs for trading on Binance. The liquidity and speed of stablecoins make them more convenient for transfers compared to fiat currencies. The survey conducted by KuCoin shows that over 50% of people in Turkey own crypto. The Turkish government has also been experimenting with a central bank digital currency (CBC), the Digital Lira. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

mbdtf95

Looking at all these prices movements I think I should make some changes to my portfolio. New portfolio: 35% USDT, 30% USDC, 20% DAI, and as a risky play pour the rest 15% into TUSD

transatoshi

Doesn't he also have his fingers in TUSD?

Admirable-Novel-7051

What is the crypto project with the shittiest name? I go first. TrueUSD (TUSD)