Trading volumes in the TrueUSD (TUSD) stablecoin surged over the course of the week, with 24-hour trading volumes surpassing $1 billion for most of Thursday and Friday, up from daily TUSD earlier this month, according to CoinGecko data. Transaction volumes were mostly below $100 million.
According to data from Binance, the BTC/TUSD trading pair on Binance alone has seen $713 million in trading volume over the past 24 hours.
As previously reported, earlier this week, Binance phased out the zero-fee offer for buying and selling Bitcoin for multiple tokens, leaving only a zero-fee promotion for the TUSD stablecoin, which boosted TUSD’s trading activity.