TUSD 2023 Annual Keyword Review

Author: TUSD

The circulation has repeatedly set historical highs, with multiple Web3 payment platforms adopting TUSD as a settlement method, natively deployed on BNBChain… The past year has been a remarkable year for TUSD, achieving significant progress in security, payments, and multi-chain areas, and establishing numerous collaborations with leading platforms in the Web3 space, making TUSD a preferred stablecoin choice for more users. Here, we highlight a few keywords to review the past year of 2023.

Keyword One: Breakthrough

2023 has been a year of significant market capitalization growth for TUSD. The circulation has seen remarkable increases, repeatedly breaking historical highs. In March 2023, TUSD's circulation first surpassed 2 billion; just four months later, it increased by another billion, reaching the 3 billion mark, and in October 2023, it broke through 3.8 billion, setting a new historical record. Additionally, the frequency of TUSD's use has also significantly risen. Data analysis platform Kaiko shows that TUSD-related trading pairs once accounted for over 20% of the trading volume of stablecoin base pairs on global centralized exchanges, ranking second among all stablecoins.

Keyword Two: Payments

Another major use case for stablecoins is in the payments sector. Combining the stability of traditional currencies with the usability of digital currencies, TUSD has also gained favor among several payment platforms, including payment settlement merchants like AlchemyPay, BinancePay, and B2BinPAY, as well as e-commerce companies like UQUID.

Keyword Three: Multi-Chain

Multi-chain deployment has always been a key focus for TUSD's development. Continuing the multi-chain cooperation strategy from 2022, in 2023, TUSD was successively deployed across chains to the TON network and natively deployed on BNBChain. Currently, TUSD is circulating on over a dozen mainstream public chains, including 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 assurance service support from The Network Firm, an independent CPA firm focused on the digital asset industry, becoming the first dollar-collateralized stablecoin to directly integrate Chainlink PoR into its minting function. By the end of the year, TUSD partnered with the well-known accounting firm MooreHK, which will provide daily assurance services and daily reserve proof reports for TUSD.

Keyword Five: Upgrades

While maintaining our own progress, we are also continuously upgrading and optimizing the user experience. This is reflected in our comprehensive UI upgrade of the official website and the launch of a new minting & redemption URL.

Keyword Six: Subsidies

Lastly, a topic of great interest to everyone is that we continue to provide subsidies to our users. In 2023, we collaborated with partners like BinancePay and Bybit to host multiple events, bringing tens of thousands of TUSD in subsidies to our loyal users, many of whom benefited from our offerings.

Looking ahead, TUSD will continue to collaborate with more outstanding projects in the Web3 space, actively expand more application scenarios, and continuously improve our ecosystem, providing users with more usage scenarios, more welfare subsidies, and a better stablecoin experience!