In the turbulent digital currency market, the rise of SUI mining has become a hot topic. With the popularity of SUI mining, the event that TUSD on Binance Exchange soared to $1.2 has also attracted widespread attention. What secrets are hidden behind this phenomenon? Let us unveil the veil of this digital currency storm together.

SUI mining: the new darling of the digital currency market

In the digital currency market, mining has always been a hot topic. As an emerging digital currency, SUI's unique mining method has attracted the attention of a large number of investors. Compared with traditional mining methods, SUI mining is known for its high efficiency and low cost, and has quickly won the favor of the market.

A senior investor in the digital currency industry revealed that the high returns of SUI mining are the key to attracting investors. He said that through SUI mining, rich returns can be obtained, which has attracted a large number of investors to join, which in turn has driven the continued rise in SUI prices.

Binance demand surge: the transformation of digital currency exchanges

As a world-renowned digital currency exchange, Binance has always been favored by the market. However, recently, the demand for Binance has seen an astonishing increase. According to Binance data, TUSD has recently decoupled to $1.2, causing huge market fluctuations.

A senior analyst at Binance Exchange pointed out that the surge in Binance demand is inseparable from SUI mining. He explained that the hot mining of SUI has led to a surge in demand for Binance, and investors have flocked to Binance Exchange to trade, pushing up the prices of digital currencies such as TUSD.

TUSD decoupling: price surge triggers market discussion

As a stablecoin in Binance Exchange, TUSD has always had a relatively stable price. However, TUSD has recently decoupled, and its price has soared to $1.2, triggering widespread market discussion.

Market analysts believe that the main reason for TUSD decoupling is the sharp fluctuations in market demand. With the continued popularity of SUI mining, investors' demand for digital currencies has increased sharply, leading to abnormal fluctuations in the prices of digital currencies such as TUSD. This phenomenon also reminds investors to be cautious in digital currency transactions and avoid blindly following the trend.

Future Outlook of Digital Currency Market

As the digital currency market continues to develop, the events of SUI mining and the surge in demand for Binance are just the tip of the iceberg of changes in this industry. In the future, the digital currency market will face more challenges and opportunities, and investors need to remain vigilant and grasp the pulse of the market.

In summary, SUI mining has triggered a surge in demand for Binance, and the price of TUSD has soared to $1.2, which has caused a huge response in the digital currency market. Investors should be cautious about market fluctuations and invest rationally to ensure a safe win. Let us look forward to the future of the digital currency market and work hard to achieve wealth growth!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Yesterday, the stablecoin TUSD decoupled significantly to $1.2. Kaiko, a cryptocurrency data provider, released a report analyzing the whole thing. Everything can be traced back to Binance's recent promotion of TUSD. Currently, BTC-
TUSD is the only trading pair on Binance with zero transaction fees. Because of this, BTC-
TUSD on Binance has become one of the most traded pairs in the entire cryptocurrency market. Therefore, as long as the liquidity of TUSD does not keep up with the growth of its trading volume, this will make decoupling more likely to occur.

TUSD once decoupled to $1.2 on Binance

Binance SUI mining leads to a surge in demand, TUSD decoupled to $1.2

Binance announced the launch of a two-day limited new coin mining project Sui (SUI) on the morning of the 1st. Users can invest in BNB or TUSD to earn SUI tokens in the mining pool. In the TUSD prize pool, users deposited more than 890 million TUSD to participate in mining. On the 1st, Sun Yuchen's team wallet was detected to have transferred more than 100 million TUSD to Binance. Binance founder Zhao Changpeng CZ warned Sun Yuchen to boycott Sun's transfer of huge sums of money to participate in new coin mining, so Sun Yuchen hurriedly came out to explain that it was a misjudgment by the staff.

It was precisely because of Binance's SUI activities that the demand for TUSD surged, and Binance turned to strongly support TUSD after BUSD was banned by the US government, resulting in obvious trading volume greater than liquidity. TUSD was once decoupled on the 1st, reaching a high of $1.2 relative to USDT on Binance.

Kaiko, a cryptocurrency research institution, reported yesterday that the decoupling of TUSD to one dollar on Monday caused many users on Aave and Compound to borrow a large number of TUSD tokens in an attempt to arbitrage.

"As TUSD began to decouple, many users on Aave and Compound began to borrow large amounts of tokens, and not by robots. The most common strategy among users was to borrow TUSD and exchange it for USDC, effectively shorting TUSD from a high. However, neither Aave nor Compound had a large supply of TUSD, which meant that borrowing rates quickly soared, with both protocols having an APR of over 100%. Looking at the market depth of the TUSD-
USDT pair, someone has been adding a lot of liquidity: after injecting a huge order of $200 million in liquidity at the 1% level, the pair is now the most liquid pair on Binance."

TUSD is now the fifth largest USD stablecoin by market capitalization. The token's market capitalization has more than tripled from about $755 million at the end of 2022 to the current $2.4 billion, and has now returned to the $1 peg.