TrueUSD Stablecoin (TUSD) suffered a $1 peg loss due to Binance’s FDUSD.

The surge in FDUSD trading volume coinciding with the unpegging of TUSD suggests a move to FDUSD to participate in the FDUSD launch pool and Binance Manta launchpad, Park explained. Launchpad is a popular service that rewards new tokens to investors who lock up specific assets, such as FDUSD or BNB, for a set period of time.