TrueUSD
3 min readJul 4, 2023

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TUSD Monthly Report: June 2023

Data Updates

TUSD Circulating Supply: 3,059,838,623 TUSD

TUSD Dollar Reserves: $3,066,535,481

Ethereum: 729,591,343 TUSD

TRON: 2,297,017,674 TUSD

BNB Smart Chain (Wrapped): 28,000,000 TUSD

Fantom: 568,883 TUSD

Polygon: 506,384 TUSD

Avalanche Protocol: 2,986,726 TUSD

Arbitrum: 185,643 TUSD

OP Mainnet (formerly known as Optimism): 42,459 TUSD

Cronos: 706,124 TUSD

BNB Beacon Chain: 145,016 TUSD

BNB Smart Chain (Native): 30,097,865 TUSD

(Last updated on June 30, please note that except for the TUSD issued on TRON, Ethereum, Avalanche, BNB Smart Chain (Native), and BNB Beacon Chain, TUSD on other networks are all wrapped versions.)

Ecosystem Updates

1. On June 5, the Web3 shopping platform UQUID added TUSD as a payment option, enabling users to shop using TUSD on the platform.

2. On June 9, TUSD became available on Megaton Finance, the autonomous financial protocol on the TON network.

3. On June 12, Binance started to work on the TUSD contract swap on BNB Smart Chain. After the contract swap is completed, users can swap their old TUSD for new native TUSD via Binance Convert.

4. On June 13, Binance launched its 34th phase of new token mining, supporting BNB and TUSD mining.

5. On June 15, Binance successfully completed the TUSD contract swap on BNB Smart Chain and opened deposits and withdrawals for new TUSD tokens.

6. On June 16, Binance Auto-Invest introduced TUSD as a payment option.

7. On June 18, Venus launched the VIP-129 proposal to support the new native TUSD. The proposal has been approved, and the market for the token is now live.

8. On June 19, Pancake V3 introduced the TUSD Syrup Pool and Farms. Users can earn CAKE by staking liquidity on Ethereum and BSC Farms, or earn TUSD by staking CAKE in the Syrup Pool on BSC.

9. On June 21, Binance Convert supported swapping the new native TUSD on the BSC network for TUSDOLD, enabling seamless conversion in both directions.

10. On June 29, the cryptocurrency exchange Kraken supported the deposits and withdrawals of TUSD on the TRON network.

11. On June 30, Binance launched a zero maker fee promotion for all existing TUSD spot and margin trading pairs. As part of the promotion, BTC/TUSD, TUSD/BUSD, and TUSD/USDT spot trading pairs can enjoy zero trading fees.

12. On June 30, Binance added the BCH/TUSD and CFX/TUSD trading pairs to its platform.

Product Updates

On June 13, the decentralized version of the TUSD website was deployed on the BTFS network.

Community Activities

1. On June 15, Binance C2C and Binance Earn launched two time-limited campaigns, offering new users the chance to win up to 175 TUSD.

2. On June 16, Uquid kicked off the UquidParty online campaign, presenting participants with an exciting opportunity to win a share of 100 TUSD and five $20 gift cards.

3. On June 23, PancakeSwap rolled out TUSDQuiz on Telegram, users could share a prize of $500.

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TrueUSD

TUSD is the world’s most trusted stablecoin, fully backed by USD and independently attested live and on-chain, now moving billions of dollars around the world.