Thread by @lookonchain

1/ With the SEC’s regulation of $BUSD, #Binance is looking to collaborate with other stablecoin projects.

- Minted 180M $TUSD from Feb 16 to Feb 24;
- Announced listing $LQTY in the Innovation Zone on Feb 28;
- Announced launching $TRU perpetual contract today.

A thread🧵

2/ Both the price of $TRU and $LQTY increased more than 200% in the past 30 days.

And whales are accumulating $TRU and $LQTY.👇

3/ Address “0x4322” bought 23.5M $TRU ($2.94M currently) from #Binance at an average price of $0.07344 from Feb 23 and Mar 3.

etherscan.io/token/0x4c1959…

4/ Address “0x7B23” bought 282,510 $LQTY($701,130 currently) with 274,996 $USDT from Feb 15 and Feb 25, the average buying price is $0.97.

etherscan.io/token/0x6dea81…

5/ In addition to $LUSD ( $LQTY ) and $TUSD ( $TRU ), which #Binance intends to cooperate with, the #SEC’s regulation is good for decentralized stablecoins $DAI( $MKR ), $FRAX( $FXS ), $sUSD( $SNX ) and $MIM( $SPELL ).

Here are 5 tokens related to decentralized stablecoins.

6/ The upcoming decentralized stablecoins $GHO (@AaveAave) and $crvUSD (@CurveFinance) are also worthy of attention.

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