The market capitalization of the stablecoin TUSD dropped by 79 percent after being delisted from Binance

by Eve Adams

2 years ago

The market capitalization of the stablecoin TrueUSD (TUSD), created by the cryptocurrency platform TrustToken, has significantly decreased, dropping by 78.9% after the removal of several pairs with this crypto asset from the largest cryptocurrency exchange Binance. This was reported by analysts from the CCData service.

TUSD: Market Cap

In the latest research report on the stablecoin market, CCData noted that since May 2023, the monthly trading volume of TUSD pairs has dropped by nearly 99%, reaching only $569 million. This significant decline indicates serious problems faced by the stablecoin after delisting.

Binance remains the dominant exchange trading most of the TUSD pairs with a market share of 68.2%. It is followed by WhiteBit and BITMARTF with market shares of 13.4% and 5.32%, according to the CCData analysts' report.

TrueUSD was launched in March 2018 by the TrustToken platform, founded by Rafael Cosman, Stephen Kade, Jai An, and Tory Reiss. This stablecoin, pegged to the US dollar, was designed to ensure transparency and reliability of payments.

However, after its removal from Binance and issues with custodian Prime Trust, TUSD lost its peg to fiat currency several times. These events have raised serious concerns among investors about the stability and reliability of this asset, further exacerbating its market position.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Cost of Ransomware Attacks Decreases Amid Increased Competition

The cost of launching ransomware attacks has significantly decreased, leading to a surge in attack numbers and increased competition among hackers.

Tando Nkube30 minutes ago

Crypto Theft Continues to Rise in 2026 Despite Ransomware Decline

Crypto theft continues to rise in 2026, with $370 million stolen in January alone, primarily through phishing attacks.

Ayman Ben Youssef30 minutes ago

Ransomware Attacks Surge in 2025 Despite Decreased Payouts

Ransomware attacks surged by 50% in 2025, with nearly 8,000 incidents, but total ransom payments fell to $820 million, an 8% decrease from 2024 due to tougher regulations and companies refusing to pay.

Son Min-ho30 minutes ago

BarneyXBT Analyzes Factors for Bitcoin's Market Status

Crypto analyst BarneyXBT presents arguments for and against Bitcoin being in a bear market, highlighting large investors selling, an unstable macro climate, and low retail participation, while noting potential recovery signs.