• The exchange communicates details about new TUSD pairs.
• The stablecoin’s exchange supply flatlined despite the increasing volume.

In a 30 May official statement, Binance disclosed that TrueUSD [TUSD] would get three new trading pairs on the exchange. According to the announcement, Litecoin [LTC] would join Cardano [ADA] and Binance USD [BUSD] as pairs linked with the stablecoin.

Out of the lot, BUSD’s addition is the only one that could be termed surprising. This was because it was undergoing a phase-out season. For ADA and LTC, the exchange’s decision to add it as a TUSD pair could be connected to recent events.

Bent on not taking the fall

Recently, the volume of ADA and LTC has been increasing, as interest in the cryptocurrencies spiked. At the time of writing, ADA’s volume was 177.9 million. In Litecoin’s case, the volume rose as high as 429 million.

Based on on-chain data, TUSD’s volume also rose to $1.9 billion— one of the highest since it

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Author: Victor Olanrewaju

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