PayPal has collaborated with MoonPay to provide its 426 million U.S. customers access to more than 100 different cryptocurrencies, adding to its original offerings of Bitcoin, Ethereum, and its stablecoin, PYUSD.

The SPX index was up 0.91%, as the market welcomed the dovish remarks from the Federal Reserve. The broader cryptocurrency market was down, with Bitcoin and Ether up by 4.14% and 1.68%, respectively in the past 24 hours.

Today’s outperformer is AR, which jumped 25.1% after HackMD integrates Arweave for permanent blockchain document storage.

Arweave (AR), launched in June 2018, is a decentralized platform for permanent data storage, leveraging its AR cryptocurrency to incentivize users and ensure data permanence. It offers easy web access and is developing moderation tools, with a key partnership with the Internet Archive highlighting its commitment to secure data preservation. 

 integrated with Arweave in March 2023, enabling users to permanently store documents on the blockchain. This feature ensures decentralized, immutable storage for important documents such as white papers. Users can export and import documents between HackMD and Arweave using the ArConnect wallet and browser extension, enhancing data security and permanence. This integration underscores HackMD's commitment to leveraging web3 technologies for secure and efficient document management.

Check Out the Latest Prices, Charts, and Data of 

PayPal has collaborated with MoonPay to provide its 426 million U.S. customers access to more than 100 different 

, adding to its original offerings of Bitcoin, Ethereum, and its stablecoin, PYUSD. This move reflects PayPal's increasing engagement with the cryptocurrency sector, highlighted by the rapid rise in PYUSD's market value and its integration into PayPal’s cross-border payment service, Xoom. This development occurs as U.S. regulators intensify their oversight of cryptocurrencies.

U.S.-based spot Bitcoin ETFs, including BlackRock's iShares Bitcoin Trust, experienced a record single-day outflow of over $563 million. This coincided with a significant drop in Bitcoin's value. Despite the outflows, industry analysts affirm that such fluctuations are normal and the ETFs are functioning smoothly. 

Mode's community has propelled the platform into a leading Layer 2 network, boasting over $500 million in TVL and significant ecosystem growth. In response to this success, Mode will end 

 on May 5th and launch Airdrop 2 with 500 million MODE tokens to further incentivize ecosystem participation. The native $MODE token, essential for governance and ecosystem growth, will launch on May 7th. The first airdrop saw 5.5% of MODE's total supply allocated, with significant vesting terms for top wallet holders to promote long-term holding. Airdrop 2 aims to continue this momentum by rewarding ongoing user and developer engagement.

Beginner

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PayPal Expands Crypto Offerings to 426 Million U.S. Users through MoonPay Integration

Bybit Double-Win is a non-principal-protected, short-term structured product designed to allow traders to hedge against market volatility. Learn more here.

As digital currencies continue to reshape the global financial landscape, 

 remains a consistent challenge. The volatile nature of the crypto landscape often leaves investors searching for effective strategies to protect their investments. 

 against unpredictable market movements is crucial — and that's where Bybit Double-Win comes into play. In this article, we'll delve deep into this innovative solution designed to navigate the tumultuous waves of the crypto market.

 is a non-principal-protected, short-term 

. It's crafted to allow traders to benefit from market movements that sit outside a predetermined range. If a settlement price at expiration lies within this range, the investment doesn’t yield returns. Conversely, if the price moves outside the range, traders stand to gain.

The allure of Bybit Double-Win lies in its potential for significant profit if a settlement price ventures outside the established range. However, it's crucial to note the high-risk nature of this product. If the price remains within the range, traders risk losing their entire investment. 

Alison channels 100 USDT into a BTC Double-Win plan when BTC is priced at 27,000 USDT. She defines the Double-Win Range as +/− 200 USDT (spanning 26,800 USDT to 27,200 USDT), predicting heightened market volatility soon. 

Three potential outcomes arise at expiration:

In both of these winning scenarios, Alison retrieves her initial investment complemented by leveraged returns.

In this case, Alison’s entire investment is forfeited.

There are various benefits to using Bybit Double-Win. Below are three of its key advantages.

One of the standout features of Bybit Double-Win is its capacity to finalize transactions in a remarkably short time frame. While traditional investment avenues might require days (or even weeks) to settle, Bybit Double-Win can conclude settlements in as little as eight hours. This rapid turnaround time ensures that traders can swiftly capitalize on market movements, making timely decisions without being bogged down by prolonged waiting periods.

 of up to 500x. This means that traders have the potential to magnify their returns exponentially. Since Bybit Double-Win offers such impressive leverage, traders have commensurate potential to magnify their returns. 

However, it's essential to understand that this leverage is influenced by several factors.

While higher leverage can amplify potential profits, it also comes with increased risks. Traders should approach this feature with caution, fully grasping both the associated risks and the factors that can influence leverage. 

The cryptocurrency market is renowned for its volatility. Prices can skyrocket or plummet within short intervals, making crypto both an opportunity and a challenge for traders. Bybit Double-Win is specifically designed to thrive in such environments since it offers a variety of preset ranges. This allows traders to set boundaries that align with their market predictions.

Whether anticipating a significant price surge due to a major industry announcement, or expecting a drop due to external economic factors, Bybit Double-Win provides the flexibility to set a range that mirrors these expectations. This tailored approach ensures that traders can strategize effectively — even in the most unpredictable market conditions.

Like all financial products, Bybit Double-Win comes with its set of risks. Market volatility can lead to significant losses, so it's essential for traders to be aware of the potential downsides and to employ 

Unlike some other financial instruments, Bybit Double-Win isn’t principal-protected. This means that there's a possibility of losing the entire amount invested. As mentioned above, if the settlement price of the asset remains within the Double-Win range set by the trader at the time of expiration, the entire investment is forfeited. It's crucial for traders to understand this inherent risk before committing funds.

Another important aspect to consider is the finality of the Double-Win subscription. Once a user subscribes to a Double-Win plan, the decision is binding. The order cannot be modified, adjusted or canceled under any circumstances. This lack of flexibility means that traders need to be absolutely certain of their decisions before subscribing, as there's no turning back once the commitment is made.

While Bybit Double-Win offers the potential for significant returns — especially with its high leverage limits — it also comes with substantial risks. The possibility of losing the entire investment amount is real, especially if the market doesn't move as anticipated. As always, it's essential for traders to invest no more than they can afford to lose, and to approach Double-Win with a clear understanding of both its mechanics and associated risks.

Now that you know more about the fundamentals of Bybit Double-Win, here’s a detailed step-by-step guide on how to get started. Please note that you need to have an established Bybit account before you can proceed. 

: Log in to your Bybit account and hover your cursor over the 

tab on the navigation bar at the top of the page. Then, hover over 

button of the corresponding plan you would like to select.

 to estimate potential Profit and Loss (PnL) by entering the investment amount, selecting the double-win range, and indicating your anticipated market price of the underlying asset at a specific point in time.

: Indicate your investment amount and verify that all of the information is correct. Once verified, click on 

: Please ensure that you’re aware of the following: 

, you’ve successfully subscribed to the plan. 

If you’d like to view the details of your Double-Win orders, simply click on 

in the successful order notification pop-up window.

Alternatively, you can also follow the steps below if the pop-up window has disappeared.

button on the top right corner of the homepage and click on 

Ideal Circumstances for Using Bybit Double-Win

Bybit Double-Win shines brightest in specific market situations:

The cryptocurrency market is notorious for its unpredictable swings, often driven by news, rumors and external factors. In such a volatile environment, traders often seek tools that can help them safely negotiate these uncertain waters. Enter Bybit Double-Win — designed as the ultimate companion for turbulent markets. 

While Bybit Double-Win offers an exciting opportunity to profit from market volatility, it's essential for traders to assess their risk tolerance and investment goals before diving in. It's always recommended you start with a small amount, and gradually increase your exposure as you become more familiar with the platform.

Bybit Double-Win presents a novel approach to navigating the unpredictable cryptocurrency market. By offering traders the chance to profit from both rising and falling market scenarios, it stands out as a unique hedging tool. However, as with all investments, it's crucial to 

 and understand the associated risks before you decide to proceed.

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Bybit Double-Win: Tailored Solutions for Volatile Market Hedging

Playbux (PBUX) is a gaming and metaverse platform that offers its users a wide variety of E2E opportunities.

 remains one of the hottest topics in the blockchain world, with a growing number of projects joining the quest to create the decentralized and unified 3D world of tomorrow. In its idealized form, the metaverse is still years away from us. It's most likely to evolve gradually from the myriad current metaverse-like environments on various blockchains.

Amid the spotlight of major metaverse projects, such as 

 (SAND), new platforms have emerged to help propel the metaverse toward a unified reality. Among these projects is Playbux (PBUX) — a metaverse environment that offers users a diverse range of crypto earning opportunities, such as play-to-earn (

), watch-to-earn, walk-to-earn and shop-to-earn, also collectively known as engage-to-earn (E2E) activities.

 (PBUX) is a decentralized gaming and metaverse environment based on the 

 that offers crypto users a variety of E2E opportunities — P2E, watch-to-earn, walk-to-earn and shop-to-earn — along with services such as lotteries and virtual space ownership. 

It aims to be an all-encompassing platform for crypto gamers and metaverse enthusiasts, allowing them to take full advantage of the fast-growing E2E trend, the more advanced progression of the simple P2E.

In the Playbux gaming environment, you are in control of your multi-feature NFT avatar, which can travel through the platform's metaverse, participating in games and taking part in various E2E activities. However, not all E2E activities offered by Playbux require the use of your NFT avatar. For instance, watch-to-earn is a service whereby your account earns rewards when you watch select content in the metaverse's theater area.

Playbux is currently in the pre-alpha stage, meaning that complete testing of the platform has yet to conclude before the release of the final version. However, users can already join the platform at its current stage, and Playbux's native crypto, PBUX, had its token generation event (TGE) on Apr 23, 2024.

When you first join Playbux, you complete a 

 (PoP) with a personalized NFT that entitles you to participate on the platform. The PoP NFT costs $1 and is tied to your wallet. A single wallet gives you the right to create up to three Playbux accounts.

To take full advantage of the diverse services offered by the Playbux platform, you can purchase an NFT avatar. A Playbux avatar, called a Bux, is made up of seven different parts/features, such as the hat, face, shirt and back (see below).

Using this avatar, you can participate in some of the E2E activities, explore the metaverse and play games with your avatar as the central character. For instance, the walk-to-earn feature allows you to earn rewards by taking your Bux on walks through the metaverse environment.

The Playbux platform offers users a comprehensive set of digital earning and gaming services. While there are over a dozen various services and E2E opportunities on Playbux, the major ones include shop-to-earn, walk-to-earn, watch-to-earn and multiple forms of P2E.

Playbux's Shop to Earn service offers users cashback credits for purchases made on diverse online and decentralized platforms. According to the project's documentation, Playbux 

 affiliated shops that provide cashback opportunities.

Users can later withdraw their cashback credits in 

. This is in contrast to many other crypto gaming platforms in which cashback credits or points are often limited to uses within the games, without users being able to withdraw their funds.

Walk to Earn allows you to accumulate rewards in various assets by walking your Bux avatar through the metaverse. By taking a specified number of steps within the gaming environment, you can earn weekly points. If you rank among the top 300 walkers each week, you can claim rewards that range from in-game NFTs, PBUX tokens and USDT to cashback credits and BRK tokens — another cryptocurrency used for rewards and purchases within the platform along with the main PBUX crypto.

Watch to Earn is another core E2E opportunity offered by the Playbux platform. By watching video content streamed in the theater section of the Playbux metaverse, you can earn rewards and prizes for your account.

Playbux's strategic partnerships include a collaboration with iQIYI, a leading Asian entertainment streaming provider, whose content is offered in the theater. iQIYI offers a variety of popular movies, anime, dramas and other video content with which its viewers can earn daily rewards by simply tuning in to the first episode of the series or movies. Thus, you won't need to watch some boring ads to earn points; the content on offer is highly popular and engaging. 

Additionally, Playbux employs technology that enables hyper-personalized recommendations, making your viewing experience even more exciting and relevant.

Earning crypto and NFT rewards via the classic P2E is also on the Playbux menu. Two games within the platform's metaverse can be used to accumulate rewards and win NFTs — 

. While the platform is currently in its pre-alpha stage, 

 is the only operational game, allowing you to “claw up” special NFTs from six different collections offered on Playbux.

 will provide an immersive experience within the metaverse's arcades. Players will be able to earn rewards in PBUX, BRK and other assets.

The Lotto Pool offers the opportunity to earn tokens from crypto projects that partner with Playbux. Points for participation in the lotteries are based on in-game NFTs and their 

 level. The rarer your NFT, the more lottery tickets you’ll earn, increasing your chances of becoming a lucky lottery winner.

While a variety of in-game assets are available on Playbux, the main NFT type is the Bux avatar, which you use to participate in the games and the majority of E2E opportunities available on the platform. Each Playbux avatar NFT comprises seven features that refer to body parts or garments worn by it: Hat, head, face, shirts, back, pants and shoes.

All of these features are purchasable on the platform, with different rarity ranks for each part. While there are four different rarity grades, the parts collections are split into two main NFT collections: Early Bird and Ultra. Early Bird consists of 160 pieces of NFT parts with varying rarity, while Ultra comprises 30 pieces. Capped at 10,000 NFTs, the Ultra collection is more valuable than Early Bird.

Playbux also offers the Compound NFT feature, which allows you to exchange a certain number of NFTs for a new one in order to upgrade to higher NFT rarity ranks.

The PBUX token is Playbux’s native cryptocurrency. It's used extensively for E2E, 

 and transaction processes on Playbux. Users earn PBUX tokens as rewards for participating in Shop to Earn, Watch to Earn, Walk to Earn, P2E and other E2E activities. The token can also be used to purchase in-game assets, NFTs and lotto tickets, as well as access to exclusive products and features.

The PBUX token has a maximum supply of 400 million, a useful deflationary feature that should support the Playbux price in the crypto trading market. Supply allocation shares for PBUX are per the table below:

The PBUX token is available on Bybit via a Spot pair with USDT (

). If you're new to Bybit, you can also take part in Bybit's Spot listing campaign that’s dedicated to the PBUX token for a chance to win a portion of the 

, available through May 7, 2024, 8:59AM UTC.

The crypto industry is moving beyond simple P2E models to more comprehensive and advanced forms of rewarding users. Devising a platform where users simply win in-game battles and receive points to spend on NFTs is no longer enough — at least within the competitive niche of crypto gaming.

A more diverse range of E2E products is the defining feature of the new iteration of blockchain gaming. Playbux, with its rich set of E2E services, is part of this new breed of crypto gaming platforms. What puts Playbux ahead of the rest in this niche is its sheer variety and sophistication of E2E opportunities on offer. In fact, the Playbux project team has delivered a product that might just become the pioneer and a trendsetter in the emerging category that’s coming to be known as diversified E2E providers.

Intermediate

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Playbux (PBUX): The Premier Destination for Next-Gen Entertainment

BEVM, a Bitcoin L2 network that’s fully compatible with the Ethereum blockchain, is the first fully decentralized EVM-compatible Bitcoin L2 to use BTC as gas.

 are the basis for a lot of blockchain apps and 

 projects. However, many people who build on these chains run into compatibility issues because Bitcoin and Ethereum cannot communicate with each other easily. BEVM hopes to solve this problem by becoming one of the first EVM-compatible Bitcoin networks. It also claims to offer users unparalleled network scalability and decentralization. Keep reading to learn about this revolutionary new project.

 is a Bitcoin Layer 2 network that’s fully compatible with the Ethereum blockchain. Developers who create projects with this decentralized system can simultaneously access features of both Ethereum and Bitcoin.

 is a type of scaling solution for the Bitcoin network. It processes transactions on the side, and then uploads the results to the main chain. A Bitcoin Layer 2’s ability to provide improved network scalability ultimately results in increased transaction speed and reduced fees.

The first issue that the BEVM network has tackled is Ethereum compatibility. Many 

 developers want to build on Ethereum because it's versatile and easy to use, but they also want the accessibility and reliability of Bitcoin. 

The BEVM project decided to design a system for cross-chain compatibility, creating a system with which people can build on Ethereum virtual machine (

) chains while still using BTC for gas fee payments. This capability will increase Bitcoin usage and help its network remain competitive in the face of so many Ethereum-based projects.

BEVM also hopes to distinguish itself by providing full decentralization. While some EVM-compatible Bitcoin projects do exist, they tend to be highly centralized. This stifles user creativity and leads to potential issues with centralization or excessive fees. By offering a decentralized BTC layer for Ethereum development, BEVM hopes to keep its system affordable, fair and available to everyone. 

Creating a system that can cooperate with multiple blockchains takes a lot of work. BEVM’s network relies on complex 

 and thoughtful coding to create a decentralized BTC layer that's also compatible with the EVM. Its platform is built on the 

, which sped up the Bitcoin network's transaction verification process. To provide users with a comprehensive set of development tools, the BEVM ecosystem runs four separate layers. 

This layer connects BEVM to Bitcoin, using Bitcoin 

 (PoS) consensus mechanism to ensure assets are handled in a fast, eco-friendly and decentralized manner. Bitcoin light nodes provide some of the primary ways to scale the system and speed up transactions. The cross-chain layer then takes data from BEVM and transmits it to Bitcoin while maintaining network security. By synchronizing 

, this layer provides full data integrity assurance.

BEVM's robust consensus mechanism also includes a separate layer for securing transactions on the BEVM ecosystem. The consensus layer uses Byzantine fault tolerance and threshold signatures to verify transactions and establish Bitcoin block headers. It operates on up to 1,000 consensus nodes, so the network isn't bogged down by large numbers of transactions.

The VM layer uses Substrate framework to maintain compatibility with the EVM. It ensures that all projects built on BEVM adhere to EVM protocols so that they run smoothly on a variety of Ethereum-based chains.

The DApp layer allows BEVM developers to access a variety of EVM development tools. It enables Ethereum ecosystem DApps that make it easier for developers to manage transactions, create user accounts and more. People can connect their projects to this layer to reduce the amount of time they have to spend designing basic items such as 

BEVM offers a wide range of features to its users. Whether you're interested in network security, complex smart contracts or 

Thanks to the BEVM mainnet, users have access to complete EVM-compatibility. Those who build on BEVM will ultimately end up with a DApp that runs on a Bitcoin Layer 2 network but can also communicate with the EVM. This enables Ethereum ecosystem DApps to provide services to Bitcoin developers, and vice versa. Such 

 ends up maintaining data integrity assurance while still allowing people to access a variety of networks and services.

One of the big selling points of the BEVM project is that it works with the Bitcoin Taproot upgrade. This system improved network scalability by changing the way transactions are authenticated. By integrating Bitcoin Taproot usage into its underlying structure, BEVM provides users with a secure, flexible way of confirming transactions. 

 for those interested in Ethereum or Bitcoin usage. You can use BEVM's native bridge, which trades the BEVM token and BTC, or the built-in third-party bridging systems, which allow users to 

BEVM started out as a fairly small project but has managed to attract some 

, including Waterdrip Capital, MH Ventures and ArkStream Capital. It's currently collaborating with Bybit Web3’s 

. Participants can claim a share of the substantial prize pool that exceeds $400,000 in TGE tokens. 

BEVM doesn't have an official road map, but its social media presence shows that its current focus is on gaining more community members. By doing so, the network can build more projects and better showcase the benefits of the BEVM ecosystem. It can also end up increasing Bitcoin usage by encouraging more people to use BTC as gas, and to build on the Bitcoin chain.

Will these plans for the future pay off? Only time will tell whether or not BEVM will become the next big cryptocurrency. However, this project does have excellent momentum right now, so it's likely that its airdrop with Bybit Web3 will attract a lot of users. As long as BEVM continues to produce quality products and attract users with its efficient marketing, it may become an essential part of the crypto ecosystem. There’s currently a need for EVM-compatible Bitcoin products, so BEVM may become an essential part of the Bitcoin ecosystem.

BEVM's unique blend of network scalability, interoperability and decentralization makes it an exciting project. As it transitions from a work-in-progress to being fully operational, there may be many opportunities for Bitcoin network enthusiasts to get involved. Make sure to keep this project on your radar and see how its airdrop affects the Bitcoin ecosystem.

If you would like to learn more about the project and claim rewards, check out the 

. We’re also having a Web3 livestream on May 8, 2024 on the biggest alpha from the Bitcoin economy. Stay tuned 

 where we covered trending Bitcoin Layer 2 projects.

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BEVM: The First Fully Decentralized EVM-Compatible Bitcoin L2

Bybit Learn

Stablecoin

Explainers

A multi-chain stablecoin with highly transparent reserves, TrueUSD (TUSD) is a great holding for those seeking liquidity and stability.

In recent years, the world of digital currencies has experienced phenomenal growth. With over 25,000 cryptocurrencies, global market capitalization is around $1.45 trillion. As of Nov 10, 2023, the total daily crypto trading volume is $137.59 billion, with stablecoins contributing significantly, making up 72.22% of the entire crypto market 24-hour volume at $99.37 billion. From this data, it’s clear that stablecoins are vital in the crypto market. They are fundamental to maintaining the sanity of the crypto trading market, as they’re pegged to less volatile assets such as fiat currencies or commodities, ensuring a steady value amidst market fluctuations. 

 stablecoins, one can’t help but question if TUSD will live up to its expectation as the first regulated stablecoin fully backed by the U.S. dollar that employs real-time attestations from independent third-party institutions to verify its underlying reserves.

In this article, we zoom in on TUSD: What it is, how it works, steps for buying the stablecoin and more.

) is a fully collateralized/legalized stablecoin that’s pegged to the U.S. dollar at a 1:1 ratio. Built on the TrustToken platform, it was introduced to the market in early 2018. 

TrustToken (since rebranded as Archblock) is a decentralized finance (

) platform with two products: a “basket” consisting of five stablecoins, including TUSD, and an uncollateralized DeFi lending protocol, TrueFi, which supports the borrowing of TUSD and two other major stablecoins, USDT and USDC.

In December 2020, Techteryx, an Asia-based consortium, obtained the intellectual property rights to TUSD, effectively dissociating the stablecoin from TrueFi. 

TUSD recently burgeoned in popularity, as Binance turned to it as an alternative to 

 when Paxos was ordered in February 2023 by the New York State Department of Financial Services (NYDFS) to halt the minting of BUSD tokens.

Initially, TrueUSD's dollar holdings were distributed across various bank accounts belonging to different trust companies. All involved parties signed a binding agreement to conduct monthly audits and publish collateralized holdings. The TrueUSD token used multiple escrow accounts to reduce counterparty risk and ensure that token holders are legally protected against theft. The publicly audited smart contracts of TrueUSD then mint TUSD tokens when USD clears the escrow accounts and burn TUSD when USD is redeemed, maintaining a 1:1 parity between circulating TUSD and the USD in the escrow accounts.

While it offered a trustworthy fund management as you could exchange USD directly with third-party escrow accounts instead of going through the network, the TrueUSD team decided to further enhance its transparency through technology.

TrueUSD leads the way as the first stablecoin to utilize real-time attestations for its reserve holdings, independently verified by third-party institutions. Additionally, TUSD is pioneering the transparent on-chain availability of collateralization data and minting control through 

 service offers greater transparency, reliability and protection. If the fiat reserves in Chainlink’s PoR are discovered to be lower than the TUSD circulating supply, decentralized apps (

) can immediately activate measures to secure user funds.

 to enable a tokenized version of the U.S. dollar to be issued and redeemed. Its four token standards are ERC-20 (

When a user buys TUSD with U.S. dollars (USD) via the TrustToken platform, the smart contract underlying the platform automatically generates and issues the equivalent amount of TUSD, which becomes a part of the token's circulating supply.

If a user redeems TUSD through TrustToken, a smart contract automatically burns the tokens being redeemed or removes them permanently from the TUSD circulating supply. Simultaneously, the platform credits the user with a USD amount equal to the amount of TUSD redeemed.

TrustToken doesn’t charge purchase or redemption fees on TUSD transactions. Instead, the company generates revenue by collecting interest on U.S. dollars held in its accounts.

With TrustToken, traders are aware of their ability to buy and sell TUSD at a 1:1 ratio, creating a natural opportunity for 

 in the market and keeping the token at its peg to the dollar.

Every TUSD token has an equivalent U.S. dollar value stored in reserves to back it.

Using Chainlink's PoR, TUSD offers independent real-time attestations and on-chain availability of collateralization data and minting control. 

The TrustToken platform never discourages or prevents legitimate redemptions from verified customers. If an individual or organization passes the anti-money laundering (

) checks on the TrustToken platform, they can redeem TUSD for USD. At any time, the minimum amount of TUSD for withdrawal is $1,000.

TrueUSD is compatible with several blockchain networks, including Ethereum, Tron, 

. This enables the stablecoin to be used seamlessly across all of these blockchains.

At the time of this writing, the price of TUSD is $0.998, with a 24-hour trading volume of roughly $

 on CoinGecko, with a market cap of approximately $3.34 billion and a current circulating supply of about 3.35 billion TUSD coins. TUSD's price is designed to stay as close as possible to that of the U.S. dollar, but slight fluctuations do occur. 

TUSD is natively deployed on five chains: Ethereum, TRON, Avalanche, BNB Smart Chain and BNB Beacon Chain. In addition, it’s supported by seven bridged networks, including 

 is the most popular stablecoin in the crypto sphere. With a market cap of $

the largest stablecoin by market cap — it’s the third biggest cryptocurrency after Bitcoin and Ether. As the dominant player among stablecoins, USDT is the most liquid and has many use cases. 

Both TUSD and USDT are pegged 1:1 to the U.S. dollar, and are backed by real-world assets (RWA) such as cash reserves and cash equivalents, but their similarities end there. TUSD is licensed and regulated, unlike USDT, which is 

incorporated in the British Virgin Islands and not regulated in any way despite its 

Additionally, TUSD is by far more transparent than USDT, and its recent embracement of Chainlink's PoR serves to enhance this transparency. Meanwhile, USDT has been plagued with heavy-handed criticisms about the lack of proper auditing of its reserves. 

Furthermore, it’s been revealed that only a tiny portion of USDT's reserves are in actual cash, 2.9% to be exact. Over 50% of its reserves are in commercial papers, which are unsecured, short-term promissory notes. USDT promptly swapped the commercial papers for U.S. Treasury Notes to assuage users’ worries, but its reluctance to undergo a complete audit casts doubt on the accuracy of its financial information.

, trails behind USDT with a market cap of $24,35 billion. However, it’s often described as a safer alternative because of its adherence to regulation and transparency. USDC’s parent company, Circle, has been releasing regular monthly audits conducted by third-party firms since 2018. 

TUSD is fully backed by cash reserves. On the other hand, USDC (similar to USDT) is backed by a mix of cash and cash equivalents. Nevertheless, its cash equivalent is an SEC-registered government money market fund, demonstrating a commitment to regulation. TUSD and USDC’s respective compliance with regulations may be equally matched, but USDC’s larger market cap has given it more liquidity and ease of use across crypto platforms.

Based on its highly regulated nature and transparency, TUSD can be considered a low-risk investment. Its rapid climb to reach the fourth largest position in terms of market cap among stablecoins following BUSD’s fall also highlights its potential to expand its uses across more DeFi channels. 

Since TUSD is a stablecoin, it won’t gain value/appreciation by itself. However, investors can use TUSD as a 

 against volatility, or vault TUSD (i.e., 

 TUSD on DeFi platforms on Ethereum, TRON or BNB Chain) to obtain rewards.

That said, the analysis and insights provided here or on any other site shouldn’t be considered investment advice, as cryptocurrencies are

 before making any investment. When you do invest, the best practice is to invest no more than you can afford to lose.

On the Bybit exchange, you can choose to purchase and hold TrueUSD directly, or to Spot trade TrueUSD (TUSD/USDT). TUSD can also be traded via the 

. For a limited period, you can also stake TUSD on 

 celebrating its TUSD Spot listing, in which you can win from a 140,000 TUSD prize pool! 

The first event, which runs from Nov 6 through Nov 20, 2023, lets you deposit to earn a share of a 40,000 TUSD prize pool. New users who wish to join must first sign up with Bybit and deposit at least 100 USDT worth of TUSD, or deposit at least 100 USDT to trade TUSD. Existing users can also earn by accumulating at least 100 USDT worth of TUSD in their account, or depositing 100 USDT to buy TUSD.

For the second event, from Nov 7 through Nov 20, 2023, you can stake TUSD with Bybit Savings to win from a 100,000 TUSD prize pool. New users get to earn up to 300% APR by choosing the 7-day Fixed Savings plan, while current users can gain 10% APR with the Flexible Savings plan.

140,000 TUSD prize pool events, you can also win from a 5,000 TUSD prize pool by simply entering a lucky draw from Nov 7 to Nov 14!

As a regulated and transparent stablecoin, TUSD is a safer investment choice than other tokens popular among DeFi apps for 

. Theoretically, TrustToken can issue as much TUSD as demanded by users and supply the exact amount of dollars required, making the token attractive to investors of all portfolio sizes.

Stablecoins like TUSD don’t appreciate in value, since they’re pegged to real-world assets. Having said that, you can still invest in TUSD just as you would in foreign currencies. After all, TUSD is backed by the U.S. dollar, 

 and is likely to keep its top spot for the foreseeable future. TUSD is certainly a stablecoin to keep an eye on.

What Is TrueUSD (TUSD): TUSD Stablecoin Explained

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards