bullish

Binance Coin

TUSD Depegs Amidst Heavy Borrowing

269 Views03 May 2023 09:28
SUMMARY
  • TUSD depegged on a number of exchanges yesterday, hitting a high of $1.20 relative to USDT on Binance.
  • Binance has recently been promoting TUSD, making BTC-TUSD the only zero-fee pair on the exchange.
  • This quickly made Binance BTC-TUSD one of the highest-volume pairs in all of crypto despite TUSD being relatively unknown amongst stablecoins.
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
  • Unlimited Research Summaries
  • Personalised Alerts
  • Custom Watchlists
  • Company Analytics & News
  • Events & Webinars
or
Trusted by:
Bloomberg
Societe Generale
SGX
Sequoia
Interactive Broker
Refinitiv
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
Logo
Kaiko
Data-Driven Analysis of Cryptocurrency Markets
Kaiko
Crypto
Price Chart(Sign Up to Access)
analytics-chart
  • TUSD Depegs Amidst Heavy Borrowing
    03 May 2023
x