TrueUSD Becomes 5th Largest Stablecoin as Binance Mints $130M TUSD in a Week

Driven by an increasing role on crypto exchange giant Binance, the TrueUSD (TUSD) stablecoin has become the fifth largest stablecoin by market capitalization.

Blockchain data by crypto intelligence firm Nansen shows that Binance, the world’s largest crypto exchange by trading volume, minted some $130 million worth of TUSD in the past seven days.

With the recent gains, TrueUSD stablecoin’s circulating supply surpassed $1.1 billion, according to data by crypto price tracker CoinGecko, which is the highest level since last August.

TUSD has toppled decentralized finance protocol Frax Finance’s native stablecoin frax (FRX) for fifth place in market value by growing 15% over the last week, crypto data platform DefiLlama shows.

TrueUSD $1.00

-0.05%

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