Binance Introduces Zero Maker Fees for TUSD Trading Pairs – The Next Tether Stablecoin?

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Crypto alternate large Binance has introduced a brand new zero-maker payment promotion for stablecoin TUSD. Starting from thirtieth June, the promotional supply covers each spot and margin buying and selling for TrueUSD. 

The zero buying and selling payment promotion for USD stablecoin applies to all present and new USD stablecoin pairs on Binance spot and margin markets, as per the announcement. 

However, the usual taker charges on these TUSD spot and margin buying and selling pairs will apply as common. 

Maker and taker charges supply a transaction rebate to merchants who present liquidity to the market (maker) whereas charging merchants who get that liquidity (taker). 

Binance Expands BUSD Zero Maker Fee Offer

Binance additionally introduced that it’s extending the BUSD zero maker payment promotion for one other six months to thirty first December 2023. 

This promotion covers present and new BUSD spot and margin buying and selling pairs, besides for BTC/BUSD, BNB/BUSD and ETH/BUSD. Standard taker charges can even apply on these BUSD spot and margin buying and selling pairs.

As per the newest announcement, the promotion doesn’t apply to BUSD-margined futures contracts on the crypto alternate. 

Could TUSD Be the Next Tether Stablecoin?

The newest promotional supply on TUSD buying and selling pairs doesn’t come as an entire shock. Binance adopted TUSD after dealing with regulatory points referring to its native BUSD stablecoin. 

On June 10, TrueUSD halted the minting of the stablecoin by way of Prime Trust. 

Binance minted round $1 billion TUSD on the Tron community, Arkham Intelligence reported. 

Currently, TUSD is dwell on 12 public chains, together with Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon.

Despite a big distinction in market cap and buying and selling quantity, with TUSD having a market cap of $3.1 billion in comparison with USDT’s $83.1 billion, TrueUSD has skilled a surge in recognition, because of help from Binance. 

TUSD, which is the fifth-largest dollar-pegged stablecoin, is issued by crypto agency ArchBlock (previously referred to as TrustToken).

Binance faces regulatory backlash in a number of international locations

The newest announcement comes amid an growing regulatory backlash in opposition to Binance, the world’s largest crypto alternate when it comes to buying and selling quantity.

The US SEC filed a lawsuit in opposition to the crypto alternate and its CEO, Changpeng Zhao, earlier this month. 

Additionally, Binance is at present underneath investigation for alleged cash laundering actions in France. 

The alternate has additionally withdrawn its software to function within the United Kingdom and has requested the securities regulator in Cyprus to terminate its registration.

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