TrueUSD’s Explosive Growth: A 120% Surge in Just Four Months
The market capitalization of TrueUSD has experienced a significant surge of 120% within just four months, starting from January 2023.
This growth can be attributed to Binance’s support, which has propelled it to become the fifth-largest stablecoin after USDT and USDC.
Recently, TUSD has become a popular trading pair on Binance, especially after the US regulatory crackdown on Binance’s BUSD stablecoin. The regulatory action led to Paxos, the issuer of BUSD, being ordered to stop minting new tokens.
Consequently, Binance reintroduced TUSD trading, and it has become a favored stablecoin trading pair on the platform.
Binance has expanded TUSD trading to popular cryptocurrencies like SOL, OP, MATIC, and XRP. According to data by Nansen, Binance minted around $130 million worth of TUSD in the past seven days.
As a result, TUSD’s 24-hour trading volume surpassed $1 billion, a significant increase from earlier this month when it mainly recorded sub-$100 million daily trading volume.
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ArchBlock, formerly known as TrustToken, issues TUSD as a stablecoin pegged to the USD. Its value is fully supported by fiat assets, as confirmed by ChainLink’s proof-of-reserve monitoring tool. Although TrueUSD’s impressive growth, traders are still placing larger buy and sell orders for the USDT-BTC pair.
Clara Medalie, Head of Research at Kaiko, believes that this trend suggests traders are still hesitant to use TUSD because it is relatively unknown, despite zero fees.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
