Bitcoin (BTC) Leads as Crypto Funds See Largest Inflow in a Year

The dollar-pegged stablecoin TrueUSD (TUSD) is trading at a discount compared to peer tether (USDT) on Binance.FRthe American subsidiary of Binance. At press time, the TUSD/USDT pair was trading at 89 cents on Binance.FR, after hitting a low of 80 cents on Wednesday, data from chart platform TradingView shows. On Binance, the pair was trading at around $0.9980. Volatility in stablecoins, which have evolved as funding currencies over the past three years, often fuels the broader market, although so far this has not happened in this case as bitcoin continues to trade in a narrow range just above $30,000. TUSD, with a market cap of $3 billion, poses less systemic risk to the broader market than tether, which has a market cap of $83 billion.