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2023-02-17 09:49:56

Binance Bolsters Stablecoin’s Role In Market With $50 Million TrueUSD Minting

Binance Bolsters Stablecoin’s Role In Market With $50 Million TrueUSD Minting

The post Binance Bolsters Stablecoin’s Role In Market With $50 Million TrueUSD Minting appeared first on Coinpedia Fintech News Binance, one of the world’s largest cryptocurrency exchanges, has announced that it has minted $50 million worth of TrueUSD, a stablecoin pegged to the US dollar. This decision comes after the New York State Department of Financial Services (NYDFS) halted the issuance of another stablecoin, BUSD, by Paxos, amid regulatory scrutiny. Created by TrustToken, TrueUSD …

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