The cryptocurrency community is raising questions about the relationship between Binance exchange and the stablecoin linked to Justin Sun amidst extensive investigations on both. The concerns have led to speculations that CZ's empire might be in danger.
Binance has been continuously supporting TrueUSD (TUSD) which has triggered concerns within the crypto community. Additionally, Binance is facing a lawsuit from the Commodity Futures Trading Commission (CFTC) for violating regulations.
Despite these issues, Binance recently announced that it will add more TUSD trading pairs including XRP, Solana, Matic, SSV, Lido DAO and Optimism. According to the announcement made by Binance, users can start trading them beginning March 29th.
The relationship between Binance and Justin Sun-linked stablecoin has raised eyebrows in light of recent events surrounding both entities. Some members of the crypto community believe there may be a conflict of interest between them given their close association.
As investigations continue into both entities' activities within the cryptocurrency space, many are questioning whether CZ's empire is at risk of crumbling if any wrongdoing is uncovered.
This story continues to develop as more information becomes available.