Data: Binance minted 50 million TrueUSD stablecoins TUSD last night, and TRU tokens surged by 200% at one point

According to Lookonchain data, Binance minted 50 million TrueUSD stablecoin TUSD on the evening of February 16. Affected by this, the TRU token once surged 200% from around 0.480 USDT to around 0.146 USDT, and has now fallen back to 0.082 USDT. Data on the chain shows that Alameda Research and justinsun (Sun Yuchen) are the two largest minters of TUSD. Alameda has minted a total of 1.64 billion TUSD, and Justin Sun has minted a total of 889 million TUSD. Previously, Paxos was ordered to stop issuing Binance USD. On February 13, Changpeng Zhao tweeted that Paxos will continue to provide services for the product, manage redemptions, and ensure that funds are safe. In addition, Binance will continue to support BUSD for the foreseeable future, but will make product adjustments accordingly, such as no longer using BUSD as the main currency pair for transactions, etc.