TrustToken and TrueCoin have been charged with fraud by the Securities and Exchange Commission (SEC). The news comes on the same day that SEC Chairman Gary Gensler is being grilled on Capitol Hill at a hearing of the House Financial Services Committee. Without admitting or… Read More
Kraken recently revealed that it now supports the deposits and withdrawals of TrueUSD (TUSD) on the Tron Network. As explained by Kraken, Tron is a blockchain platform “where developers can deploy their own decentralized applications (dApps).” Tron is powered “by delegated proof-of-stake (DPoS), a system… Read More
TrustToken, creators of TUSD, has raised a $12.5 million round of funding to scale TrueFi, its DeFi protocol for collateral-free loans which is powered by on-chain credit scores. The strategic funding round is led by Blocktower with participation from Andreessen Horowitz (a16z) and Alameda Research through the purchase of TRU, TrueFi’s native… Read More
Celsius Network, a cryptocurrency lending and borrowing platform, announced on Wednesday it has teamed up with global stablecoin provider TrustToken to offer interest income on True Great Britain Pound (TGBP), True Australian Dollar (TAUD), True Canadian Dollar (TCAD), True Hong Kong Dollar (THKD), True US… Read More
TrustToken is issuing a stablecoin backed by Hong Kong dollars. TrustToken says this is the first stablecoin pegged to an Asian currency. TrueHKD will be pegged one-to-to one with the Hong Kong dollar that is currently worth about USD $0.13. TrustToken has partnered with Legacy… Read More
TrustToken, a stablecoin issuer building a portfolio of fiat backed crypto, has commented on the Bitfinex and Tether news pertaining to the lawsuit filed by the New York Attorney General alleging fraud. TrustToken threw shade at the targets of the lawsuit saying the news did… Read More
TrustToken is all in on Stablecoins having just announced four new Stablecoins each backed by fiat currency. TrustToken is launching the following stablecoins: TrueAUD, TrueEUR, TrueCAD, and TrueHKD. As one would expect, these coins represent Australian Dollars, Euros, Canadian dollars and Hong Kong Dollars. TrueAUD… Read More
TrustToken has launched its next stablecoin: TrueGBP. The crypto is backed 1-for-1 with the British Pound Sterling. TrustToken’s first stablecoin was the US dollar backed TrueUSD. TrueUSD is listed on exchanges including Binance, OKEx, DigiFinex, Bittrex, and Huobi TrueGBP, just like TrueUSD, will provide monthly… Read More
On their one year anniversary, TrustToken has added real-time confirmation of funds and 1-click redemptions for their stablecoin TrueUSD. TrustToken said the new feature created a “new standards for fiat-backed stablecoins.” Via a partnership with accounting firm Armanino, TrueUSD traders will be able to view… Read More
Stablecoin TrustToken has announced a new feature they say will enable exchanges to easily manage millions of unique user addresses. Labeled AutoSweep, the smart contract for TrueUSD allows exchanges to give each client a unique TUSD deposit address that automatically settles into the exchange’s primary… Read More
Stablecoins are currently a hot sector of crypto. Tied to an asset like fiat currency like the US dollar, or a commodity, these digital currencies are designed not to fluctuate dramatically in a crypto world with endemic volatility. A recent report indicated that more than… Read More
This past January, TrustToken, a global platform for tokenizing fiat currencies and real-world assets backed by Stanford-StartX, FJ Labs, and BlockTower Capital, launched TrueUSD, reportedly the first fiat-backed stablecoin to offer token-holders legally protected certificates of ownership of US Dollars. TrueUSD aims to offer a more stable… Read More
In late January, TrustToken, a global platform for tokenizing fiat currencies and real-world assets backed by Stanford-StartX, FJ Labs, and BlockTower Capital, launched TrueUSD, reportedly the first fiat-backed stablecoin to offer token-holders legally protected certificates of ownership of US Dollars. Co-founded by CTO Rafael Cosman, CEO… Read More
TrustToken, a global platform for tokenizing fiat currencies and real-world assets backed by Stanford-StartX, FJ Labs, and BlockTower Capital, launched TrueUSD, reportedly the first fiat-backed stablecoin to offer token-holders legally protected certificates of ownership of US Dollars. Seeking to claim wary Tether customers – especially given… Read More
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