u.today
Binance announced today that it will open trading for LDO/$TUSD, MATIC/$TUSD, OP/$TUSD, SOL/$TUSD, SSV/$TUSD, and XRP/$TUSD trading pairs on March 29 at 08:00 (UTC).
Users will enjoy zero maker fees on them until further notice. This incentive is expected to encourage more traders to explore and utilize these new trading pairs.
$TUSD, which has replaced Binance's $BUSD stablecoin, is controlled by controversial entrepreneur Justin Sun, who has just been sued by the SEC.
This move comes after Paxos, the firm behind the $BUSD stablecoin, stated on February 21st that it would cease issuing new $BUSD tokens due to directives from the New York Department of Financial Services.
In response, Binance has been working to replace the $BUSD trading pairs with alternative stablecoins.
Binance recently swapped out its $BUSD holdings in the Secure Asset Fund for Users (SAFU) for $TUSD and USDT.
The decision was made to ensure that the assets in SAFU continue to protect users in the long term as the market capitalization of $BUSD decreases over time.
Binance emphasized that this change will have no impact on users and the funds will continue to be stored in publicly verifiable addresses.