In an announcement today, Binance, the world’s largest crypto exchange by daily crypto trading volume, said it had successfully integrated the TrueUSD (TUSD) TRC20 network into its platform.
An example of a cryptocurrency that uses the TRC20 or USDT-TRON standard is Tether’s USDT which is being launched on the TRON blockchain network.
According to the announcement, with the TrueUSD (TUSD) TRC20 network integration, Binance will support TRC-20 tokens for deposits, as well as USD Coin (USDC) and Tether (USDT) withdrawals.
The integration further means USDC and USDT need 20 block confirmations; something that takes about a minute.
With its cheaper transaction costs and faster transaction times compared to the other stablecoins on other blockchains, TRC-20 stablecoins have had a major impact on the crypto market since their launch.
Regular Binance Upgrades
Binance has been constantly updating its trading platform with new features that are ideal for its users, with TRC-20 being the latest update.
Early last week, Binance STEPN (GMT) integrated ERC20 allowing users to use the token for deposits and withdrawals.