Supply cuts cause TUSD to fall from stablecoin ranking to 8th place

In the past week, the supply of stablecoin TUSD has significantly decreased. TUSD previously ranked among the top five USD-pegged cryptocurrencies by market capitalization, but is currently in eighth place. As of March 19, the supply had dropped to 1.1 billion, resulting in a total of 612,455,467 TUSD as of March 23.

The distribution of TUSD is mainly on the Ethereum blockchain, with approximately 389 million TUSD, and on the Tron blockchain, with approximately 189 million. In addition, there are approximately 2.98 million TUSD in circulation on Avalanche, while BNB Chain holds approximately 30.03 million. The decrease in TUSD supply follows its challenge earlier this year in maintaining parity with the US dollar.