The past year has been a resounding success for TUSD. TUSD has not only become a preferred settlement method across various Web3 payment platforms but has been deployed as a native token on the BNB Chain. Besides, its circulating supply has repeatedly set new records. These achievements underscore TUSD’s significant progress in areas such as security, payment processing, and multi-chain functionality. Additionally, strategic partnerships with leading Web3 platforms have positioned TUSD as the stablecoin of choice for an expanding user base.
Breakthrough
In 2023, TUSD experienced a significant increase in market capitalization. Its circulating supply witnessed substantial growth, exceeding previous highs. It surpassed the 2 billion mark in March and had grown by another billion merely four months later. By October, it had reached an all-time high of 3.8 billion. TUSD’s trading volume also saw a notable surge; at one point, TUSD trading pairs accounted for more than 20% of the trading volume of stablecoin pairs on global centralized exchanges (CEXs), ranking second among all stablecoins, as reported by Kaiko.
Payments
Stablecoins have gained considerable traction in the payment sector as well. TUSD, with its stability and ease of use, has been adopted by leading payment solutions such as Alchemy Pay, Binance Pay, and B2BinPAY. It has also become the stablecoin of choice for prominent e-commerce platforms, including UQUID, cementing its role in the digital economy.
Multichain
TUSD has consistently pursued its ambitious goal of being a multi-chain stablecoin. Building on the multi-chain strategy initiated in 2022, TUSD has expanded its reach by deploying through a cross-chain solution to the TON network and establishing a native presence on the BNB Chain. Currently, TUSD is available across a multitude of leading public chains, such as Ethereum, TRON, BNB Chain, and Arbitrum.
Security
In the realm of security, TUSD has made significant strides in 2023. Early in the year, we received support from The Network Firm, a certified public accountant (CPA) firm with a focus on the digital asset sector, and became the first dollar-backed stablecoin to incorporate Chainlink Proof of Reserve (PoR) in our minting process. As the year drew to a close, we forged a new partnership with the esteemed auditing firm Moore (Hong Kong), which is committed to providing daily auditing services for TUSD, along with issuing daily Proof of Reserve reports.
Upgrade
As we strive to enhance our platform, our commitment to user experience remains paramount. This dedication is reflected in the newly designed user interface of our official website, along with an updated minting and redemption portal.
Subsidies
TUSD has continued to subsidize our users. In 2023, we co-launched multiple campaigns with our partners, such as Binance Pay and Bybit, extending tens of thousands of TUSD tokens as rewards to our loyal users.
Looking ahead, TUSD will continue to collaborate with exceptional projects in the Web3 world, actively expanding its reach to encompass a broader range of use cases. We are constantly evolving our ecosystem to deliver a suite of new use cases, tangible benefits, and a seamless user experience that stands out in the digital economy.
