TUSD Readies Operation Plan for International Transition

(Press release – Singapore, Singapore, May 8, 2023)

TrueUSD (TUSD), a leading stablecoin provider, has announced its intention to implement an international transformation plan for its management services, reflecting the industry’s emerging trend of international expansion. Since its inception in 2018, TUSD has led industry innovation in the stablecoin sector with a strong focus on customer due diligence and regulatory compliance while growing its reserve portfolios in collaboration with a diverse network of financial institutions and custodians. TrueUSD has proven to be one of the most reliable stablecoins during the recent market volatility and disruption to the US banking sector.

Expanding and transforming TrueUSD’s operations was part of the intent around its acquisition in 2020, and conditions are now right to begin this next phase of portfolio review, consolidation, and growth. While TrueUSD remains committed to serving all members of its global community, this announcement is indicative of TUSD’s efforts to continue aligning itself with the development of the stablecoin sector against ongoing turmoil in the banking system and continued regulatory uncertainty.

About TrueUSD

TrueUSD (TUSD) is the first digital asset with on-chain certificates from independent third-party institutions backed 1:1 in USD. To date, it has been listed on more than 100 exchanges such as Binance and Huobi, and is available on more than 10 major public chains, including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. TrueUSD Realtime is certified by The Network Firm LLP, an independent accountancy firm specializing in industry in the United States, to guarantee a 1:1 ratio of USD reserve to circulating token supply and 100% collateral rate. By integrating Chainlink PoR, TrueUSD became the first stablecoin backed by the US dollar to secure mint and ensure more transparency and reliability. Users can access relevant data via the official website tusd.io At any time. TUSD was granted legal status as an authorized digital currency and medium of exchange in the Commonwealth of Dominica on October 7, 2022.

website | Twitter | mode | disagreement |