• Binance has begun using TrueUSD (TUSD) as its dollar-pegged crypto of choice and it is now the fifth largest stablecoin by market cap.
• The BTC/TUSD trading pair surpassed 50% of Binance’s Bitcoin trading share, overtaking BTC/USDT.
• USDT was launched by Tether back in 2014 and remains the largest of such tokens by market cap today.

TrueUSD Surpasses Tether

Binance has recently shifted from using Circle’s USDC to TrueUSD (TUSD) as its dollar-pegged crypto of choice, with the latter quickly becoming the fifth largest stablecoin by market cap. Last week, the BTC/TUSD trading pair surpassed 50% of Binance’s Bitcoin trading share, overtaking BTC/USDT – a record previously held by Tether since 2014 when it launched as one of the first-dollar-pegged stablecoins. With over $80 billion in value as of April 2023, USDT maintains its peg to the dollar using liquid reserves comprised of both cash and short-term US Treasury bills.

BUSD Replaces USDC on Binance

In September 2020, Binance replaced Circle’s USDC at its exchange with BUSD in order to benefit from Tether’s dominance over its competitors. However, this surge in USDT use was briefly halted when USDC temporarily depegged from the dollar amid a Silicon Valley Bank crisis in March 2021.

No Trading Fees for TUSD on Binance

Due to no fee being charged for tradings involving TUSD on Binance, traders have rapidly migrated away from using USDT and towards TUSD instead – allowing TrueUSD to emerge as an even stronger rival to take away some marketshare from USDT’s monopoly.

What is Stablecoin?

Stablecoins are cryptocurrencies that are pegged against fiat currencies like UDS or EUR in order to maintain a steady value regardless of volatility within cryptocurrency markets. This makes them ideal for transactions that require quick settlements without taking any losses due to drastic changes in price movements between two different coins or tokens used for payment which could occur during periods of high volatility.


It appears that TrueUSD may be emerging as a strong competitor against Tether’s monopoly within cryptocurrency markets after surpassing 50% Bitcoin trading share on Binance last week due to no fees being charged for trading pairs involving TUSD – something which may also be beneficial for traders looking for more secure alternatives compared to traditional cryptocurrencies like Bitcoin or Ethereum whose prices can still be highly volatile at times.