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TrueUSD ($TUSD), which is among the stablecoins highlighted by the cryptocurrency exchange Binance after the $BUSD stablecoin was shelved, shows a slight divergence from its $1 peg following today's developments.
Today, Binance introduced Manta as its 44th Launchpad project. However, the exchange did not include $TUSD among the cryptocurrencies that can be staked to earn Manta. Instead, $BNB and $FDUSD took part in the project.
The fact that $TUSD was not selected by Binance this time seems to have caused some users to react. Following the development, the $TUSD price dropped to $0.99 with the sales. Although there is no large-scale decline, it is noteworthy that the token has not fallen to this level in the last year.
$FDUSD was also among the stablecoins that Binance highlighted after $BUSD. The market value of $FDUSD has surpassed $TUSD at the time of writing. Due to the effect of the announced Launchpad project, the price of $FDUSD is slightly higher than the normal level. A similar increase was also seen in $BNB, which was announced to be staked in the Launchpad project.
*This is not investment advice.