# Binance Launched TSMUSDT Perpetual Contract Tied to TSMC ADR

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/48576
Published: 2026-11-04T15:08:28.000Z
Updated: 2026-11-04T15:08:28.000Z
Section: Investing

> The USDT-settled contract tracks Taiwan Semiconductor Manufacturing Company Ltd.’s New York Stock Exchange-listed ADR and trades around the clock.

Binance launched its TSMUSDT perpetual contract April 6, 2026, at 10 a.m. ET (14:00 UTC). The contract links round-the-clock derivatives trading to an American depositary receipt (ADR) of Taiwan Semiconductor Manufacturing Company Ltd. listed on the New York Stock Exchange.

TSMUSDT is settled in Tether (USDT) and trades 24/7. Its launch terms allowed up to 10x leverage, with funding settled every eight hours. The contract is a derivative linked to the ADR, not direct ownership of the company’s shares.