TrueUSD Stablecoin Set to Launch as First USD Stablecoin in Avalanche’s DeFi Ecosystem
TrueUSD (TUSD), a fully-backed stablecoin attested independently live and on-chain, is launching the first USD stablecoin on Avalanche in Q1 2021, marking massive improvements in the utility of stablecoins for payments and DeFi applications.
TrueUSD is one of multiple TrueCurrencies built by TrustToken, which include TGBP, THKD, TCAD, and TAUD. Collectively, TrustToken currencies trade on more than 100 exchanges and OTC desks, generating billions of dollars in monthly volume across more than 150 countries.
By launching on Avalanche, TrueUSD users will be able to send and receive the stablecoin with sub-second finality, and transaction fees that are just fractions of a cent. It will also provide traders the fastest way to get fiat-equivalent currencies in and out of exchanges, rendering it suitable for arbitrage, high-frequency trading, and other low-latency use cases.