TrueUSD capitalization has doubled thanks to the support of large crypto exchanges

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TUSD stablecoin trading volume increaseddoubled after major cryptocurrency exchanges, including the Binance exchange, introduced zero commissions for trading TUSD in pairs with leading cryptocurrencies.

According to CoinGecko data, on February 22, the supply of the token was $970 million, and on March 15, the volume already exceeded $2.03 billion. The daily trading volume of the token increased from $58.3 million to $72.6 million, by 24%.

TrueUSD, which was created by the TrueFi DeFi protocol team, runs on the Ethereum, TRON and BNB Smart Chain blockchains. Its tokens are issued by the TrustToken platform, 

From March to the end of June, the Huobi crypto exchange introduced0% trading fees for trading Bitcoin, Ether and Tron (TRX) to TUSD. In March, the Binance exchange announced support for the stablecoin, adding zero commissions for BNB/TUSD and ETH/TUSD pairs. 

The stablecoin's developers responded to the crypto exchanges' support by saying that TUSD "continues to be the most transparent and reliable stablecoin in all market conditions."

In October, Tron founder Justin SunSun) reported that Tron and TUSD cryptocurrencies are accepted as a means of payment in Dominica. The Caribbean island country's government has said it is willing to accept all government payments, including taxes, in Tron. According to the government of the Commonwealth of Dominica regulation on cryptocurrency, Tron now has legal tender status in the country.