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HaloDAO Partners with TrustToken to Expand Marketplace of International Stablecoins
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TrustToken Raises $12 5 Million, Andreessen Horowitz Among Backers
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New York, NY , June 18, 2021 (GLOBE NEWSWIRE) TrueUSD announced today its partnership with Signature Bank, a New York-based, full-service, commercial bank. TrueUSD will integrate its stable coin, TUSD, into Signature Bank s blockchain-based, digital payments platform, Signet, to afford commercial clients instant settlement.
TrueUSD announced today its partnership with Signature Bank, a New York-based, full-service, commercial bank.
This relationship enables Signature Bank to offer its clients access to TUSD, the first digital asset backed 1:1 with US dollars with live, on-chain Proof of Reserves, verified independently by a top US accounting firm. TrueUSD provides its customers with the most trusted dollar-pegged asset by ensuring transparency amongst its partnerships with internationally renowned banks and auditing firms. To date, TUSD circulating supply stands at more than $1.4 billion in circulation, with billions of dollars in monthly transaction volume.
TrueUSD Integrates with Signature Bank s Blockchain-based Payments Platform, Signet - Online Free Press release news distribution
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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.