Stable Coins bring benefits of price stability to everyday people than cryptocurrency per TrustTokenDecember 13, 2019
Trust Token is the regulated Stable Coin, which is fully backed by the USD. The company offers TrueUSD, TrueGBP, TrueAUD, TrueCAD, TrueHKD, and TRUESGD is all set to come soon. The company is planning to launch a range of new currencies.
Tory Reiss, TrustToken Co-Founder & Head of Revenue, stated, “TrustToken has been deeply invested in compliance, transparency, and accessibility from the start – and the launch of the live attestation dashboard reaffirms our commitment to making our TrueCurrencies the world’s most trusted stable coins.”
TrustExplorer provides real-time reporting for token issuers and users.
TrustToken claims they are making the economic opportunity accessible to all by introducing finance in terms of the internet age. They claim to improve on the future of finance by being on a mission to open access to financial opportunities and global trade. They bring together the best of technical, legal, and financial talent from across the world.
Despite the volatile crypto market, the stable coin market has been growing reasonably well. Stable coins they say is essential to bring in the benefits of price stability to everyday people. Stable coins are particularly useful to traders because they are shielded from market volatility. Having stable coins is a practical thing for exchanges.
TrustToken is already registered as an MSB (Money Service Business) in a way to stay immune to regulatory risks. TrustToken has a great future to serve as a backbone for the cryptocurrency economy. They are building on the trust factor.
Jai An, Co-founder, and CEO; Rafael Cosman, Co-Founder & Head of Engineering; Tory Reiss, Co-Founder & Head of Partnerships and Business Development; Stephen Kade, Co-Founder; Alex de Lorraine, Finance & Operations, Vaishali Mehta, Compliance; and Ryan Rodenbaugh, Business Development – are the leadership team backing the vision and mission of the organization.
TrueToken is a mix of the best of its kind technical, legal, and financial talent from across the world. It is very easy to buy TrueCurrencies and to redeem them. To get things going, the buyer should set up the account and complete the identity verification process, after which they need to follow a few standard steps to complete the purchase.
Investors commonly confuse between TUSD and TUSDB.
TUSD is built on Ethereum blockchain and is an ERC-20 token. TUSDB is built on the Binance Chain, which is a separate blockchain, and it is a BEP-2 token. However, both of them provide the same functionality. They are built under different names to help with their compatibility with the respective blockchains.