Kauplejad proovivad kasutada TrueUSD depeggingut oma eelise saamiseks

TrueUSD (TUSD) depegged from its $1 value, Mis encouraged traders to jump on the wave and attempt to secure a 20% potential gain despite paying ridiculous fees.

On May 2nd, crypto analytics firm Kaiko reported that on-chain traders took advantage of lending protocols like Aave and Compound to borrow substantial amounts of TUSD.

Kas teadsite?

Kas soovite krüpto abil saada targemaks ja jõukamaks?

Telli – avaldame igal nädalal uusi krüpto-selgitusvideoid!

Based on the report, after purchasing TUSD, traders quickly exchanged TUSD for another dollar-pegged stablecoin USD münt (USDC), tõhusalt shorting TUSD from its heightened price of $1.20.

Seetõttu due to the limited supply of TUSD on both Aave and Compound, borrowing rates soared to over 100% annualized.

According to Kaiko, these token conversions appeared organic rather than bot-driven. Thus, it can be assumed that the depegging happened due to insufficient liquidity to maintain TUSD's intended $1 peg.

In its report, Kaiko also emphasized Binance's recent promotion of TUSD.

Binance has recently been promoting TUSD, making BTC-TUSD the only zero-fee pair on the exchange. This quickly made Binance BTC-TUSD one of the highest-volume pairs in all of crypto despite TUSD being relatively unknown amongst stablecoins.

The analytics firm added that TUSD liquidity had not kept pace with its trading volumes, increasing the likelihood of depegging events.

Crypto exchange Binance has separated itself from Binance USD (BUSD), which it previously launched in partnership with Paxos, due to regulatory issues earlier this year. New Yorgi finantsteenuste osakond (NYDFS) juhendatud Paxos to stop minting new BUSD tokens and cut all ties with the crypto exchange.

As a result, traders have quickly adopted TUSD on Binance. Bitcoin trading volumes paired with TUSD surpassed $1 billion in the past 24 hours, second only to Tether (USDT) trading volume of $1.5 billion.

At the time of writing, TrueUSD (TUSD) jaehind just below its dollar peg at $0.9995, recording a 0.15% decrease in the last 24 hours. 

autor Gile K. - Expert Reviewer, BitDegree

• SEO-põhise sisu ja PR-levi. Võimenduge juba täna.
• PlatoAiStream. Web3 andmete luure. Täiustatud teadmised. Juurdepääs siia.
• Tuleviku rahapaja Adryenn Ashley. Juurdepääs siia.
• Allikas: https://www.bitdegree.org/crypto/news/traders-attempt-to-use-trueusd-depegging-for-their-own-advantage