Binance, the world’s largest crypto exchange, announced on Wednesday that it will expand its zero-fee trading promotion to all TrueUSD (TUSD) trading pairs starting June 30. This promotion, which was previously limited to the Bitcoin (BTC)-TUSD pair, will now benefit traders with zero maker fees for all TUSD spot and margin trading pairs. During this promotional period, users will be able to exchange the stablecoins without any fees.
The move follows Binance minting $1 billion TUSD on the Tron network last week. This signals Binance’s intention to propagate TUSD trading on its platform, as the token is the fifth-largest dollar-pegged stablecoin on the market. Reports allege that crypto billionaire and Tron founder Justin Sun might be behind TUSD, but the issuer has denied these allegations.
The maneuver also comes at a turbulent period for Binance, as it faces lawsuits and regulatory scrutiny in multiple countries. The U.S. Securities and Exchange Commission (SEC) sued Binance, its CEO Changpeng “CZ” Zhao, and Binance.US for violating federal securities laws. French authorities are also investigating the company for “aggravated money laundering.”