TUSD Monthly Report: March 2023

TrueUSD
4 min readApr 3

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TUSD Circulating Supply: 2,042,663,568 TUSD

TUSD Dollar Reserves: $2,036,777,143

Ethereum: 728,964,951 TUSD

TRON: 1,304,503,522 TUSD

BNB Smart Chain: 18,000,000 TUSD

Fantom: 779,074 TUSD

Polygon: 605,420 TUSD

Avalanche: 3,163,154 TUSD

Arbitrum: 201,923 TUSD

Optimism: 38,645 TUSD

Cronos: 3,156,124 TUSD

HECO: 361,360 TUSD

BNB Beacon Chain: 145,516 TUSD

(Last updated on March 31)

Ecosystem Updates

1. On March 3, TUSD launched a new round of the TUSD-3CRV reward pool on Votium, offering a total of 75,000 TUSD as rewards to attract votes from vlCVX holders.

2. On March 3, TUSD launched a new round of the TUSDFRAXBP reward pool on Votium, offering a total of 10,000 TUSD as rewards to attract votes from vlCVX holders.

3. On March 11, Binance re-opened trading for the BTC/TUSD, ETH/TUSD, BNB/TUSD, and TUSD/USDT spot trading pairs.

4. On March 13, the circulating supply of TUSD surpassed 2 billion, hitting a record high.

5. According to TRONSCAN data on March 13, TUSD was the second biggest stablecoin on TRON by circulating supply and 24-hour transfer volume.

6. On March 14, TUSD was added to Binance Convert, allowing users to trade TUSD against BTC, USDT, and other tokens supported by the platform at zero fees.

7. On March 15, Equalizer, the decentralized exchange, launched two new TUSD pools — EQUAL/TUSD and TUSD/FRAX.

8. On March 16, TUSD launched a new round of the TUSD-3CRV reward pool on Votium, offering a total of 9,000 TUSD as rewards to attract votes from vlCVX holders.

9. On March 16, TUSD launched a new round of the TUSDFRAXBP reward pool on Votium, offering a total of 1,000 TUSD as rewards to attract votes from vlCVX holders.

10. On March 16, Binance Futures supported TUSD as a margin asset in the Multi-Assets Mode.

11. On March 17, Binance swapped out BUSD holdings in the Secure Asset Fund for Users (SAFU) for TUSD and USDT.

12. On March 24, Binance added ARB/TUSD and ID/TUSD trading pairs.

13. On March 24, Binance VIP Loan added TUSD as a new loanable asset.

14. On March 27, TUSD partnered with TON, allowing users to transfer TUSD to TON through Orbit Bridge securely and quickly.

15. On March 28, YIBI listed the TUSD/USDT trading pair.

16. On March 29, Binance opened trading for six new spot trading pairs: LDO/TUSD, MATIC/TUSD, OP/TUSD, SOL/TUSD, SSV/TUSD, and XRP/TUSD.

17. On March 31, Radiant Capital (RNDT), a new project on Binance Launchpool, supported farming RDNT tokens by staking TUSD.

Product Updates

1. On March 7, Huobi Earn launched a TUSD flexible product that allows users to enjoy up to 20% APY upon subscription.

2. On March 15, Huobi introduced a zero-fee trading promotion for BTC/TUSD, ETH/TUSD, and TRX/TUSD trading pairs.

3. On March 15, Binance announced that its users would enjoy free Bitcoin spot trading with TUSD, making BTC/TUSD the only zero-fee spot trading pair for BTC trading on Binance.

4. On March 21, Huobi Earn launched a special event for stablecoins where users can deposit TUSD and earn up to 15% APY.

5. On March 23, TUSD was incorporated into Binance’s “Earn Wednesday” program. Participants can earn on the TUSD flexible product with real-time APR plus a 1.0% bonus tiered APR.

6. On March 29, TUSD partnered with The Network Firm, an independent industry-specialized accounting firm in the US, for real-time attestation services.

Community Activities

1. On March 6, the TUSD team updated a new TUSD Q&A “Which DEXs can I find TUSD on?”.

2. On March 6, the TUSD team launched a giveaway on its Twitter account to celebrate International Women’s Day, offering a total reward of 380 TUSD.

6. On March 9, the TUSD team and Chainlink held a Twitter Space AMA on the secure minting of TUSD and Proof of Reserve (PoR).

4. On March 9, the TUSD team joined an AMA held for Chainlink’s Chinese Telegram community to discuss the disruptive changes TUSD and Chainlink brought to the industry.

5. On March 13, the TUSD team updated a new TUSD Q&A “What is PoR and why TUSD’s integration with Chainlink PoR is a first-ever thing?”.

6. On March 20, the TUSD team updated a new TUSD Q&A “How did TUSD become the first USD-backed stablecoin to secure minting with Chainlink’s PoR?”.

7. On March 27, the TUSD team updated a new TUSD Q&A: “How can I bridge TUSD from the Polygon network to the Ethereum network?”.

Please note that except for the TUSD issued on TRON, Ethereum, Avalanche, and BNB Beacon Chain, TUSD on other networks are all wrapped versions.

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TrueUSD

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