TUSD, one of the popular stablecoins of recent times, saw $ 1.2 in a trading pair of Binance.
It was seen that the pressure on stablecoins increased after the period of FTX bankruptcy. Frequently depegged stablecoins and BUSD, which has been investigated by regulators, paved the way for the emergence of new stablecoins. One of the most popular stablecoins of recent times has been TUSD.
TUSD, which received the strong support of Binance, attracted attention by rising to $ 1.2 in the USDT/TUSD parity on Binance.
TUSD Becomes Upward Depeg
According to a study by Kaiko, TUSD hit $1.2 on Binance due to heavy demand in DeFi lending protocols.
In particular, the high demand for crypto projects like SUI has benefited stablecoins. Recently backed by Binance, TUSD became a depeg after organic borrowing. However, this depeg pushed the price of TUSD up to $1.2.
According to a report by WuBlockchain, an anonymous crypto investor is adding massive liquidity on the TUSD side. The platform where TUSD recorded the most lending activity was Aave.
It was shown as important details that Binance featured TUSD in several trading pairs and offered participation with TUSD on the SUI launchpad. Recording an increasing volume, TUSD has been depeg due to the increasing demand in recent lending protocols. The interest in TUSD has moved its short-term price to $1.2 in USDT pair.
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