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Key highlights of TUSD in 2023.

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The past year has been a year of great progress for TUSD in the areas of security, payments, and multi-chain. TUSD has made significant strides in collaborating with top platforms in the Web3 field, achieving remarkable success in promoting TUSD as a stab

Source: TUSD

The circulation volume has repeatedly reached the highest level in history, and multiple Web3 payment platforms have adopted TUSD as a settlement method, natively deployed on BNBChain... The past year has been a year of great progress for TUSD in security, payment, and multi-chain fields. Many new collaborations with leading platforms in the Web3 field have been established, and TUSD has made remarkable achievements in promoting itself as a stablecoin choice for more users. Here, we have selected several key words to review the year 2023.

One of the keywords: Breakthrough

2023 will be a big year for TUSD's market capitalization growth. The circulation has seen significant growth, breaking historical highs multiple times. In March 2023, TUSD's circulation exceeded 2 billion for the first time; just four months later, the circulation increased by another 1 billion, reaching the 3 billion mark, and in October 2023, it broke the historical high of 3.8 billion. In addition, the frequency of TUSD usage has also significantly increased. Data analysis platform Kaiko shows that TUSD-related trading pairs once accounted for more than 20% of the trading volume of stablecoin base pairs on global centralized exchanges, ranking second among all stablecoins.

Keyword Two: Payment

Another major use case for stablecoins is in the payment field. TUSD, which combines the stability of traditional currencies with the usability of digital currencies, is favored by many payment platforms, including AlchemyPay, BinancePay, B2BinPAY, and e-commerce companies such as UQUID.

Keyword Three: Multi-Chain

Multi-chain deployment has always been a key development direction for TUSD. Continuing the multi-chain cooperation strategy in 2022, in 2023, TUSD will be cross-chain deployed to the TON network and natively deployed to BNBChain. Currently, TUSD is circulating on more than ten mainstream public chains such as Ethereum, TRON, BNBChain, and Arbitrum.

Keyword Four: Security

In 2023, TUSD has also strengthened its security measures. In the first half of the year, we received audit support from The Network Firm, an independent registered public accounting firm focused on the digital asset industry, and became the first USD-backed stablecoin to directly integrate Chainlink PoR into its minting function. At the end of the year, TUSD partnered with renowned accounting firm MooreHK, which will provide daily audit services and daily reserve proof reports for TUSD.

Keyword 5: Upgrade

We are constantly improving our user experience while keeping ourselves up-to-date. This is reflected in our comprehensive UI upgrade of the official website and the launch of a new coin minting & redemption website.

Keyword 6: Subsidy

Finally, there is a topic that everyone is concerned about, which is that we continue to provide subsidies to users. In 2023, we will cooperate with partners such as BinancePay and Bybit to hold multiple events, bringing tens of thousands of TUSD subsidies to our loyal users, and many users have received our benefits from them.