Binance Will Expand Zero-Fee Trading on TrueUSD after Minting $1B of TUSD
Binance crypto wallets hold some 90% of TUSD’s $3.1 billion market cap, according to blockchain data by Arkham Intelligence.
Crypto exchange Binance will expand its zero-fee trading promotion to all trueUSD () trading pairs starting June 30, the firm announced on Wednesday.
The said that traders will benefit from zero maker fees with all TUSD spot and margin trading pairs, expanding the promotion from the bitcoin ()-TUSD pair. Users will also be able to exchange the stablecoins without fees during the promotional period.
The action followed Binance minting some $1 billion TUSD on the Tron network last week, by Arkham Intelligence shows.
The development comes at a turbulent period for the world’s largest crypto exchange as it faces lawsuits and regulatory scrutiny in multiple countries. The U.S. Securities and Exchange Commission (SEC) Binance, its CEO Changpeng “CZ” Zhao, and for violating federal securities laws.
French authorities are investigating the company for “aggravated money laundering." The exchange will also the Netherlands after failing to obtain a license and also applied to to operate in the U.K. and to with Cyprus' securities regulator.
The maneuver also signals Binance’s intention to TUSD trading on its platform. The token is the on the market, and it’s issued by crypto firm ArchBlock, previously known as TrustToken. In 2020, a little-known Asian conglomerate Techteryx the intellectual property of the token from TrustToken.
allege that crypto billionaire and Tron founder might be behind TUSD, but the issuer denied allegations.
Binance started to promote TUSD on its platform after New York state regulator’s issuer Paxos to mint Binance-branded stablecoin in February. Now, the exchange’s crypto wallets hold at least 90% of the stablecoin’s $3.1 billion total market capitalization, according to Arkham .
Edited by Parikshit Mishra.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japan’s Declining Yen and U.S. Funding Pressures Trigger Worldwide Liquidity Crunch
- Robert Kiyosaki warns of an impending market crash amid global economic uncertainty, emphasizing Bitcoin as an inflation hedge. - Japan's fiscal stimulus and yen weakness trigger liquidity strains, disrupting global carry trades and accelerating portfolio rebalancing. - U.S. funding strains, including repo market stress and Treasury leverage, threaten dollar liquidity, limiting the Fed's policy flexibility. - Combined pressures depress stocks, crypto, and forex, but Fed intervention could stabilize marke
Hyperliquid News Today: HYPE Token Set for December Debut Amid Rapid Sector Expansion
- HYPE Token distribution begins ahead of December launch, supported by surging crypto/trading sector growth and strategic partnerships. - Lithuanian energy firm AB Kauno Energija reports 917% profit surge, while Hydreight Technologies achieves 132% revenue growth in Q3 2025. - Blueberry partners with SailGP for global expansion, and Amber International initiates share buybacks to strengthen shareholder value amid market restructuring. - EHang advances pilotless eVTOL operations as firms across energy, cry
Bitcoin News Update: Stablecoin Growth and Tether Concerns: The Fragile Rebound of Cryptocurrency
- Binance's stablecoin reserves hit $185B as BTC/ETH holdings decline, signaling potential market recovery amid "dry powder" accumulation. - S&P downgrades Tether's USDT to "weak" over 5.6% BTC exposure exceeding 3.9% collateralization margin, raising peg stability risks. - UK expands CARF to 2026 for crypto tax oversight, while Binance delists GMT/ME pairs amid audit-driven compliance measures. - 81% of traders expect Fed rate cuts in December, yet Bitcoin remains bearish below key EMAs, needing $90K+ bre
Webster, NY Receives $9.8 Million FAST NY Grant: Driving Industrial Transformation and Boosting Real Estate Development
- New York's $9.8M FAST NY grant transforms Webster's 300-acre brownfield into a high-tech industrial hub by 2026. - Infrastructure upgrades include road realignment, sewer systems, and electrical planning to create "shovel-ready" industrial space. - Project boosts property values by 10.1% and attracts $650M private investments, creating 250+ jobs in advanced manufacturing. - Statewide, $400M FAST NY program funds 20 sites, aligning with New York's $300M POWER UP energy initiative for industrial resilience
Trending news
MoreCrypto prices
More
