Binance to Open Trading of TrueUSD (TUSD) Stablecoin at 4 AM UTC


Binance has just announced that Trading of True USD tokens on their exchange at 4am UTC

The True USD token is opening with a bang this week, as Binance announce that it will commence trading of the token today at 4am UTC (5am GMT).

The rollout of the TUSD is certain to take some of the wind out of the sales of the Goldman-Sachs backed Cryptocurrency Startup, Circle, which just obtained funding to develop its own US Dollar Token this summer.

The TUSD is a token that is currently backed by the US Dollar, according to the Trust Token Twitter feed. Customers are advised to avoid purchasing the token at anything above the $1.05 range, as the tokens are advertised as having a direct parity with the real USD at a one to one ratio.

 

Binance has only recently introduced the TUSD token as being available for purchase on their exchange yesterday.

 

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