The cryptocurrency community is raising concerns about the relationship between Binance exchange and a stablecoin linked to Justin Sun, as investigations on both continue. The ongoing situation has left some questioning whether CZ's empire is in danger.
Binance has been facing extensive investigations lately due to its operations, and the continuous support for TUSD (TrueUSD) has triggered more worries within the crypto community. Recently, Binance was sued by the CFTC for violating regulations.
Despite these concerns, Binance announced that it will be adding more TUSD trading pairs including XRP, Solana, Matic, SSV, Lido DAO and Optimism. According to the announcement made by the exchange giant on March 29th at [...], users can start trading these pairs soon.
However, this move by Binance seems to have raised even more eyebrows within the crypto community. With investigations still ongoing on both Binance and Justin Sun-linked stablecoin projects like JST (JUST), there are now questions about their relationship.
Some experts believe that this could put "CZ's empire" in danger if any wrongdoing is discovered. For now though, all eyes remain fixed on both parties as they navigate through these turbulent times.
As always when reporting news we strive for balance but at this time no quotes from either party have been released in relation to this matter.
This article is not financial advice.