Binance to Delist TrueUSD Trading Pairs Amid Liquidity Concerns

Binance, one of the leading cryptocurrency exchanges, has announced its decision to delist several trading pairs involving TrueUSD (TUSD), a stablecoin connected to Justin Sun, the founder of Tron. The delisting will affect the COMP/TUSD, EDU/TUSD, and PENDLE/TUSD pairs, as well as BNB pairs with Arpa and EduCoin. This move is scheduled to take effect on March 15, 2024, as part of Binance’s routine evaluation process to safeguard users and maintain a secure trading environment. The delisting is primarily driven by factors such as inadequate liquidity and trading volume. Binance clarified that the delisting of spot trading pairs will not affect the availability of TUSD on the platform, as it can still be traded with other major cryptocurrencies. In addition to removing the trading pairs, Binance will also discontinue spot trading bot services for these pairs. Users are advised to adjust or terminate their bots before the delisting deadline to avoid potential financial losses. TUSD has faced various challenges, including a security breach and deviation from its $1 peg, resulting in a decrease in value.