CoinsBit, an award-winning cryptocurrency exchange based in Estonia is now supporting TRON-based TUSD deposits and withdrawals on their platform.
Asides from the TRC20-TUSD tokens, they also support transactions for all of the top cryptocurrencies out there such as BTC, ETH, LTC, XRP, and TRX.
— TrueUSD (@tusd_official) October 25, 2021
With their wide-range support for all major cryptocurrencies, CoinsBit exchange has been named the “best trading platform launched in 2018” at Blockchain Life 2019 Asia.
What is CoinsBit?
CoinsBit is an Estonia-based crypto-asset exchange platform that was launched in August 2018 and is currently led by its CEO Prilepa Bohdan. They have been ranked as one of the top largest exchanges in the world by CoinMarketCap and CoinGecko.
HackControl, the leading cybersecurity consulting company based in Poland, has recognized CoinsBit as one of the most secured exchanges in the market with the highest security features.
CoinsBit allows fiat-to-crypto trading alongside crypto-to-crypto trading, crypto staking pool, P2P loans, and the exchange ensures to provides a high performance that allows the exchange to process up to 10,000 trades every second and 1,000,000 TCP connections.
Currently, CoinsBit supports the following main fiat currencies:
CoinsBit has its own global crypto marketplace called CoinsBit Store which allows users to purchase electronics such as TVs, computers, mobile phones, smart watches, and other gadgets using USDT, USDN, PLC stablecoins, and CNB tokens.
CNB Coin is the exchange’s service token and is designed to optimize the user experience and provide access to enhanced features on the exchange while using CNB tokens for transactions.
What is TRC20-TUSD?
TRC20-TUSD token is TRON’s version of the TrueUSD on the blockchain and it adopts the fungible-token-friendly TRC20 standard, which is almost the same as ETHTRON and BTCTRON.
📢#TRON mid-2021 summary Part Seven
⚒️Strong Alliance of Four TRON-based Stablecoins
🤗Let’s walk through another boom in the stablecoin race. pic.twitter.com/UrGL0Rysbz
— TRON Foundation (@Tronfoundation) October 4, 2021
Every TUSD token would be a bridge to convert value between fiat money and digital currency. The USD-pegged stablecoin has a 300 million circulating supply with over 300,000 unique addresses on the network.
TRON-based tokens such as the TRC20-TUSD had been getting a lot of attention lately and the demand had been growing steadily since it became one of the major stablecoins in the TRON blockchain.
For more news and updates, see Tron Spark.