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TUSD was invited to participate in Binance Blockchain Week as a Diamond Sponsor.

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TUSD has become an important payment method for Web3 store UQUID, crypto-friendly travel booking platform Travala.com, and one-stop shop for crypto trading CryptoWallet.com.

On November 7-8, 2023, the two-day Binance Blockchain Week event was held in Istanbul, the capital of Turkey. The theme of the conference was "The Next Billion: Empowering the Future of Web3", focusing on how blockchain and cryptocurrency can empower more people to improve their daily lives. The conference invited numerous global cutting-edge blockchain experts and scholars to share the latest industry trends in Web3, DeFi, stablecoins, and more, offering a professional knowledge and wealth feast for the vast number of cryptocurrency users. TUSD, as the top diamond sponsor of Binance Blockchain Week, attended the conference.

At this conference, "The Prospects and Existing Problems of Stablecoins" became a hot topic of concern. The main venue of the Istanbul Binance Blockchain Week held a discussion on "Releasing the Value of Stablecoin Innovation in the Asia-Pacific Region," where several guests analyzed the prospects and existing problems of stablecoin trading in the Asia-Pacific region and affirmed the transformative potential of stablecoins in the future of the cryptocurrency financial landscape. Currently, the importance of the Web3 industry is recognized worldwide, and the Asia-Pacific region is placing particular emphasis on this as a major focus of future industry layout. Countries or regions such as Hong Kong, Japan, and Singapore are supporting the development of their local cryptocurrency economies by enacting laws and providing official guidance, with particular attention paid to stablecoins. As a popular region for the development of the cryptocurrency economy, Turkey also welcomes the use of stablecoins as a representative of cryptocurrency payments. Currently, the fluctuation of the Turkish lira exchange rate, the legal currency of Turkey, is causing difficulties for local residents, while stablecoins not only have stable value but also use blockchain technology for settlement, making them more cost-effective. Some believe that stablecoins can effectively alleviate this problem and bring convenience to residents' lives.

In recent years, TUSD has not only focused on creating multi-chain versions to inject stable and high-quality liquidity into various DeFi ecosystems, but also followed the trend of the times to strengthen the application of blockchain technology in real-world payments, providing various ecological projects with real and reliable types of cryptocurrencies, and promoting the development of encrypted payments. TUSD has now become an important payment method for projects such as Web3 store UQUID, cryptocurrency-friendly travel booking platform Travala.com, and one-stop shop for encrypted transactions CryptoWallet.com. As of now, the circulation of TUSD has reached 3,334,570,520, and the number of holding addresses has reached 409,172. It has been listed on more than 100 exchanges and various DeFi platforms worldwide, ranking as the fourth largest stablecoin.

TUSD spokesperson stated that "As the world's first stablecoin anchored to the US dollar and providing on-chain real-time verification by an independent third-party institution, TUSD is committed to providing lower payment costs and a wider range of practical payment use cases for cryptocurrency users, and hopes to become the preferred tool for cryptocurrency payments for users."

About TUSD

TrueUSD (TUSD) is the first stablecoin anchored to the US dollar and provides on-chain real-time verification by an independent third-party institution. It is currently listed on over 100 trading platforms such as Binance and HTX, and is circulating on more than ten mainstream public chains including Ethereum, Tron, Avalanche, BNB Chain, Fantom, and Polygon. TUSD is verified in real-time by The Network Firm LLP, an independent registered public accounting firm specializing in the digital asset industry. It provides security for coin minting by integrating Chainlink's industry-leading Proof of Reserve (PoR) technology, enhancing transparency and reliability. On October 7, 2022, TUSD was granted legal digital currency and fiat currency status by Dominica.