KuCoin, one of the top cryptocurrency exchanges in the world had announced that they have enabled deposits and withdrawals for the TRON-based TrueUSD.
— H.E. Justin Sun 🅣🌞🇬🇩 (@justinsuntron) January 13, 2022
Asides from TRC20-TUSD, they also have support from other TrueUSD on different blockchains such as Avalanche (AVAX-TUSD) and Ethereum (ERC20-TUSD).
The TRC20-TUSD had been one of the most popular and preferred stablecoins in the TRON blockchain alongside the TRC20-USDT, TRC20-USDJ and TRC20-USDC.
What is KuCoin?
KuCoin is a Singaporean-based cryptocurrency exchange that was originally launched in Hong Kong last 2017. They have been one of the top crypto exchanges in the world and are referred to as the “People’s Exchange” due to its large growing userbase across the globe.
There are over 370+ cryptocurrencies available for trade in their platform and is always adding new coins to their exchange from time to time. The exchange also allows users to invest through the KuCoin Shares, which is the native token of the exchange and allows holders to receive rewards by simply staking or holding them on their accounts.
— TrueUSD (@tusd_official) January 13, 2022
Asides from the mentioned features above, they also have KuCoin Futures which allows users to trade Bitcoin futures and since 2018, KuCoin has formed a partnership with European-based payment provider Simplex that allowed users to deposit real-world funds (fiat currency) with a debit or credit card.
They have been one of the safest cryptocurrency exchanges in the market and over the years they have maintained their high volume of trades.
Overall, KuCoin is one of the most trusted exchanges out there and not only does it give you access to over 370+ cryptocurrency pairs, users can also trade crypto-specific indexes and Bitcoin futures.
What is TrueUSD?
TrueUSD is the first regulated stablecoin fully backed by the US Dollar. The 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.
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.
✅As the first regulated stable coin fully backed by the US Dollar, $TUSD is supported by 10+ chains.
— TrueUSD (@tusd_official) January 11, 2022
TRON-based stablecoins such as the TRC20-TUSD had been popular within the blockchain due to their instant transactions and low fees compared to the other TUSD from other blockchains.
We are confident that more exchanges, wallets, and other platforms would be supporting the TRON-based TrueUSD this year and as Justin Sun tweeted awhile ago, expect big things to happen to TRON this 2022.
For more news and updates, see Tron Spark.