As BUSD’s Woes Continue, Can also Binance Be Pivoting to TUSD? 
Stablecoins were in the crosshairs of regulators not too prolonged in the past, with Binance’s BUSD drawing the ire of the SEC. Following the crackdown, Paxos, the issuer of BUSD, used to be ordered by the Unusual York Division of Financial Companies and products (NYDFS) to quit minting the coin.
Meanwhile, the TrueUSD (TUSD) stablecoin has become the fifth-largest stablecoin by market capitalization after Binance grew to become its consideration to the coin, minting around $150 million worth of TUSD since Monday, February 27.
After witnessing the influx of TUSD, the worth of TrueFi’s $TRU token rose from $0.064 to height at $0.114 in 24 hours on Monday, February 27. On the other hand, investors shopping for up $TRU, believing it to be linked to TUSD, are mistaken as the 2 projects ruin up in June 2022.
One-week market cap chart for TUSD. Supply: CoinGecko...
