Pedagang Mencoba Menggunakan TrueUSD Depegging untuk Keuntungan Mereka Sendiri

Pedagang Mencoba Menggunakan TrueUSD Depegging untuk Keuntungan Mereka Sendiri

Node Sumber: 2626625

It is believed that TUSD lost its $1 peg due to insufficient liquidity.

Benar USD (TUSD) depegged from its $1 value, yang 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.

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

Oleh karena itu, 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 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. Departemen Layanan Keuangan New York (NYDFS) menginstruksikan 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) ritel just below its dollar peg at $0.9995, recording a 0.15% decrease in the last 24 hours. 

oleh Gile K. - Peninjau Pakar, BitDegree


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