We are delighted to announce that TUSD is now deployed on BNB Chain as a native token. From now on, individual and institutional clients can mint and redeem native BSC (BNB Smart Chain) TUSD through the TUSD website. This move marks a milestone in TUSD’s multi-chain deployment, paving the way for TUSD’s further integration into the BSC (BNB Smart Chain) ecosystem.
BNB Chain is a community-driven, decentralized and censorship-resistant blockchain, powered by BNB. It consists of BNB Beacon Chain and BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem. It is the world’s largest smart contract blockchain in terms of transaction volume and daily active users. It has processed 3 billion transactions to date from 200 million unique addresses, bringing developers massive user access with ultra-low gas fees. The ecosystem has more than 1,400 active dApps across multiple categories such as DeFi, Metaverse, blockchain games, NFT, and more.
TUSD is the world’s first stablecoin to offer 24-hour live on-chain attestation. Through its partnership with multiple banks and other institutions, TUSD allows its holders to mint and redeem their tokens 24/7. Besides, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. After integrating with Chainlink, it became the first USD-backed stablecoin that leverages Proof of Reserves to secure its minting.
In recent years, TUSD has followed the multi-chain trend and supported various chains, injecting stable and quality liquidity into multiple DeFi ecosystems to boost their infrastructure. TUSD is now native to a handful of blockchains apart from BNB Smart Chain, such as Ethereum and TRON, and has been deployed on over ten other public chains. Crypto exchanges, including Binance, Huobi, Poloniex, and OKX, have supported the deposits and withdrawals of different versions of TUSD, making it faster and easier for TUSD holders to participate in various blockchain ecosystems.
TUSD has formed an extensive partnership with the overall Binance ecosystem. Exchange-wise, the Binance exchange has launched 13 TUSD spot trading pairs, including TUSD/BTC, TUSD/ETH, TUSD/BNB, and TUSD/ARB, and their trading volume in the past 24 hours hit approximately $1,234,642,407. Moreover, TUSD has been incorporated in multiple Binance products, including Binance VIP Loan and Binance Launchpad; Binance Futures also supports TUSD as a margin asset in the Multi-Assets Mode. On the ecosystem front, TUSD completed its cross-chain deployment on BSC and went live on PancakeSwap and Ellipsis, among other decentralized exchanges in the BSC ecosystem. Lending protocols including Venus and Valas, and yield aggregators such as Acryptos and Beefy also support TUSD. We believe that with the launch, TUSD will be embraced by a growing body of protocols and users, further consolidating its role in the Binance ecosystem.
Stablecoins bridge the gap between crypto and the real world. In the future, TUSD will continue to be an exemplar of transparency, security, and robustness, expanding its use cases at a lower cost while bringing in more market-oriented options and better returns for its users.