TrueUSD (TUSD), a prominent stablecoin provider, has revealed plans to expand its management services internationally, reflecting a growing trend in the industry. Since its inception in 2018, TUSD has been at the forefront of stablecoin innovation, prioritizing regulatory compliance, and client due diligence. With a diverse network of financial institutions and fiduciaries, TUSD has been able to grow its reserve portfolios while becoming one of the most trusted stablecoins even during market volatility and disruptions to the US banking sector.
The transition and expansion of TrueUSD’s operations were part of its acquisition plans in 2020, and the current conditions are appropriate to begin reviewing, consolidating, and growing its portfolios. This announcement shows TUSD’s commitment to serving its global community, as well as aligning itself with the stablecoin sector’s development amid ongoing regulatory uncertainty and disruptions in the banking system.
TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions, and it is backed 1:1 with USD. It has been listed on over 100 trading platforms, including Binance and Huobi, and it is live on over 10 mainstream public chains, such as Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. The Network Firm LLP, a specialized accounting firm in the US, attests TrueUSD in real-time to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. TrueUSD becomes the first USD-backed stablecoin to secure minting and further ensure transparency and reliability with the integration of Chainlink PoR. Users can access relevant data at any time via the official website tusd.io.
TUSD was granted statutory status as an authorized digital currency and medium of exchange in the Commonwealth of Dominica on October 7th, 2022. TUSD is committed to serving its global community and expanding its operations to align with the stablecoin sector’s development. TUSD has a strong emphasis on client due diligence and regulatory compliance, which has made it one of the most trusted stablecoins during times of market volatility and disruptions to the US banking sector.