According to CoinMarketCap statistics, the governance token Tru of the decentralized loan contract TrueFi surged 220% in less than an hour on Thursday, which is actually a speculative trend for Binance Stablecoin trading.
According to blockchain data, Binance, one of the largest trading centers in the world, created a $50 million TrueU.S. (TU.S.) before the rebound began. Stable currency. The incident sparked speculation among login password traders in the regulatory body's public offering of Binance dollars (BU.S.) to Paxos. After a severe crackdown, the T dollar is likely to play a bigger role in the trading process in Binance.
However, speculation about TRU tokens seems to be misplaced, due to TrueU.S. Foreign investors with TRU tokens were separated some time ago.
According to a statement from TrustTokenCEO Francis Cosman at the time, TrustToken sold Taiwan dollars to a company called Techteryx in 2020. Techteryx is an Asia-based group with business processes involving traditional real estate, games and entertainment, the environment and information technology, the article said.
TrustToken also moved away from the TrueFi agreement and changed its name to Archblock last year as TrueFi moved towards the road on the decentralized platform.
A spokesman for TrueFi told WJB: "Archblock has transferred all TrueFi patents and property to the TrueFi Charitable Foundation, which is the legal body of TrueFi DAO." TrueFi refers to this fragmented autonomous organization.
Tru surged from 4. 4 to 14. 6 on Binance, then fell some of its gains. As of press time, the transaction price of tokens is about 11 cents.
Earlier this week, Paxos said it would end the forging of currencies in accordance with instructions from the New York State Department of Financial Information Services, a New York state regulator. In addition, the Foreign Securities and Exchange Commission (U.S.Securities and Exchange Commission) issued a notice to Paxos of Wells Fargo, which is reported to be about to file a lawsuit for the sale of unregistered securities.
According to information from the password research center Kaiko, Busd is the third most stable company, with a rapid decline in market capitalization of US $14 billion, accounting for 35% of Binance's total trading volume, second only to Tether's USDT.
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