The cryptocurrency community is raising questions about the relationship between Binance exchange and the stablecoin linked to Justin Sun, amid ongoing investigations into both entities. The concerns have been heightened by Binance's continuous support for TrueUSD (TUSD), which has triggered suspicion among some observers.
Binance has faced extensive scrutiny in recent times, with regulatory bodies around the world investigating its operations. The Commodity Futures Trading Commission (CFTC) sued Binance last year over allegations of violating regulations, adding to concerns about its practices.
Adding further fuel to the fire, Binance recently announced that it will add more TUSD trading pairs including XRP, Solana, Matic, SSV, Lido DAO and Optimism on March 29th. This announcement has led many within the crypto community to question whether there is a relationship between Binance and Justin Sun linked stablecoin.
Some observers believe that this latest move could be part of an attempt by CZ's empire to maintain control over the crypto market even as they face mounting legal challenges from regulators worldwide.
With investigations ongoing into both parties involved in this controversy, it remains unclear what impact these developments may have on the future of cryptocurrencies and their regulation moving forward. However, it is clear that this issue continues to generate significant interest and concern within the wider crypto community.