Cred (LBA), a decentralized lending startup formerly known as Libra Credit, has partnered with TrustToken, the team behind dollar-pegged stablecoin TrueUSD (TUSD) to offer 8% interest when the token is stored on the Cred platform. We are pleased to announce that we’ve partnered with @TrustToken to offer 8% interest on #TrueUSD on #CredEarn!https://t.co/1xISsZBtD5 — Cred (@ihaveCred) March […]
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TrustToken Announces Real-Time TrueUSD Fund Monitoring and 1-Click Redemptions
TrustToken, the company behind TrueUSD (TUSD), a dollar-pegged stablecoin, announced on Tuesday that it has formed a partnership with Armanino, a top-25 independent accounting firm, to develop a new real-time dashboard for TrueUSD fund verification and collateralization. We are proud to announce our partnership with @ArmaninoLLP to bring you real-time confirmation of #TrueUSD funds. The dashboard […]
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Exclusive: TrueUSD Partners with Nexo to Provide Holders With Instant Loans on Cryptocurrency
In all the huff and shuffle surrounding the several recent stablecoin offerings, even the most dutiful reader might have overlooked TrueUSD (TUSD). However, December has turned out to be an eventful month for the stablecoin, as they today announced that they are the first which has successfully passed three separate security audits. This means that
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TrueUSD (TUSD) Chooses Nexo as Its Official Lending Partner
Crypto-backed loan platform Nexo (NEXO) recently announced that TrueUSD (TUSD), a dollar-pegged stablecoin, has selected the project as its official lending partner. TrueUSD selects Nexo as its official lending partner. As a result of our strategic partnership with @TrustToken, TrueUSD has become the latest collateral option (with a 95% loan-to-value ratio) and repayment method for our instant […]
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TrueUSD Is Now a Base Pair on Binance
Malta-based cryptocurrency exchange Binance has added TrustToken’s TrueUSD (TUSD) as a base currency, expanding the stablecoin’s available trading pairs.
Adding to TUSD’s original BTC pair, Binance will add the following trading pairs: BNB/TUSD, ETH/TUSD, XRP/TUSD, EOS/TUSD and XLM/TUSD. The pairs, however, have not been integrated yet, and representatives from TrustToken told Bitcoin Magazine that more information regarding the integration will be revealed in a forthcoming blog post.
The addition of TrueUSD as a quote currency offers more options to traders on the platform, who previously could only use Tether (USDT) as a trading hedge against other top altcoins on the platform.
Indian Exchange Zebpay Enables Trueusd (TUSD) Stablecoin Trading
One of the largest cryptocurrency exchanges in India, Zebpay, has enabled Trueusd (TUSD) trading, deposits and withdrawals. The dollar-pegged stablecoin is offered as an alternative to fiat trading which is problematic under the Indian central bank’s ban.
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Zebpay Enables Trueusd
Mumbai-headquartered cryptocurrency exchange Zebpay has announced the addition of Trueusd (TUSD) trading, deposits and withdrawals going live, starting today, August 6, 2018. Trueusd is part of the recent torrent of so-called stablecoins to have hit the market as fears around the performance of Tether (USDT) refuse to die down.
Trust Token Blames Bots for Volatility of Trueusd Stablecoin
On Wednesday Trueusd, a stablecoin designed to be pegged to the US dollar, experienced a sudden bump in price after Binance announced support. The news caused Trueusd (TUSD) to rise by an unprecedented 40% before eventually subsiding. Trust Token, the coin’s developers, have now explained to news.Bitcoin.com how this sequence of events came to be.
Binance Set to List TrueUSD Stablecoin, A Regulatory-Compliant Alternative to Tether
Binance is set to open trading for select TrueUSD (TUSD) trading pairs on Friday, May 18th, at 4:00 am (UTC). The USD-pegged stablecoin will only be tradable against Bitcoin (BTC), Ethereum (ETH), and the exchange’s own Binance Coin (BNB).
Like Tether, Only Regulatory Compliant
TUSD is a stablecoin designed to match the US dollar at a one-to-one ratio, meaning one TUSD roughly equates to one USD, in terms of valuation.
Unlike Tether (USDT), a sometimes controversial USD-pegged stablecoin, TrueUSD is reportedly much more regulatory compliant. Explains Binance:
“Stablecoin” Trueusd Pumps After Binance Listing
It’s customary for cryptocurrencies to pump after securing a Binance listing. Every week a handful of tokens enjoy the “Binance bounce”, gaining as much as 50% in a matter of hours. Trueusd (TUSD) was meant to be different though. It’s a stablecoin whose job is to stay as close to the US dollar as possible. And yet, when Binance announced that it was adding TUSD, the unthinkable happened.
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Stablecoin TrueUSD Is Now Trading on Bittrex
TrustToken has launched trading for TrueUSD, “the first independently verified asset-backed stablecoin on the market that fixes its value to the U.S. Dollar.” TrueUSD (TUSD) is live on the cryptocurrency exchange Bittrex.
“TrustToken is proud to launch TrueUSD so that traders can easily and quickly trade into a stablecoin that is 100 percent USD collateralized and independently verified by third-party accountants,” said Danny An, co-founder and CEO of TrustToken. “The market has demonstrated that there is strong demand for a trustworthy trading pair between cryptocurrencies and U.S. Dollars. TrueUSD’s presence on Bittrex meets that need.”