PancakeSwap now supports TUSD stablecoin-related transactions, with a daily trading volume exceeding 5 million US dollars

2024/01/18 05:20

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According to CMC Research, PancakeSwap now supports users to directly trade TUSD with other stablecoins. The daily trading volume of the TUSD/USDT pair has exceeded 5 million US dollars. TUSD has also been launched on the leading AMM decentralized exchange Curve Finance, where the 24-hour trading volume of the crvUSD/TUSD pair is close to 1 million US dollars and liquidity reaches 4.2 million US dollars.

In addition, TUSD uses Chainlink's Proof of Reserve (PoR) mechanism to ensure uninterrupted on-chain verification of off-chain dollar reserves. Chainlink's PoR mechanism can assist TUSD's smart contracts in verifying its total supply before token issuance, ensuring that the supply does not exceed the actual amount of dollars held in reserve.

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