According to the latest announcement by Binance US, the TrueUSD (TUSD) token will be delisted on July 30.
Binance US, the US arm of Binance, has been making greater efforts to comply with US regulatory laws recently. The company recently won a major victory by gaining approval to invest its clients’ assets in US bonds.
According to the announcement published by Binance US, no specific reason was given as the reason for the delisting. It was mentioned that Binance US periodically audits the assets it lists to see if they comply with listing standards.
The company added that it made an evaluation based on the following criteria before making the delisting decision:
- Changes in the risk profile of the digital asset token.
- Contribution to a healthy and sustainable crypto ecosystem.
- Trading volume and liquidity.
- Regulatory position in the United States.
- Demonstrable progress and growth in development activities.
- Changes in the resilience of the network to external or internal attacks.
- Network/smart contract stability.
- Levels of community participation.
- Evidence of unethical/fraudulent behavior or negligence.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/sicak-gelisme-binance-usden-bir-zamanlarin-populer-altcoini-hakkinda-delist-karari-geldi/
