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 more efforts to comply with US regulatory laws lately. The company had recently won approval to invest its clients’ assets in US bonds, thus achieving a significant victory.
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 evaluated according to the following criteria before making the delist 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 network’s resilience to external or internal attacks.
- Network/smart contract stability.
- Community participation levels.
- Evidence of unethical/fraudulent conduct or negligence.
*This is not investment advice.