TUSD Loses $1 Peg Amid Binance's FDUSD Focus: Analyst

The spike in FDUSD volume, coinciding with TUSD’s de-pegging, suggests a transfer to FDUSD for participating in the FDUSD launch pool and joining the Binance Manta launchpad, Park explained. The launchpad is a popular service that rewards new tokens to investors that lock up specific assets, such as FDUSD or BNB, for a period of time.