“Stablecoin” Trueusd Pumps After Binance Listing

It’s customary for cryptocurrencies to pump after securing a Binance listing. Every week a handful of tokens enjoy the “Binance bounce”, gaining as much as 50% in a matter of hours. Trueusd (TUSD) was meant to be different though. It’s a stablecoin whose job is to stay as close to the US dollar as possible. And yet, when Binance announced that it was adding TUSD, the unthinkable happened.

Also read: Circle Raises $110Mn With Plans to Launch USD-Backed Coin

How Trueusd Became a False...

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