TrueUSD News (TUSD) - Page 1

Paxos and TrueUSD trades at a premium against Tether - The Block
A week ago, Binance listed PAX/USDT pair, which now allows customers to directly convert Tether, an unregulated stablecoin, to Paxos, a regulated stablecoin that is approved by New York State Department of Financial Services (NYDFS). Binance also lists TUSD/USDT pair, which lets people directly trade Tether for TrueUSD. TrueUSD is administered by an entity that is registered as MSB by FinCEN. Unlike Tether, both Paxos and TrueUSD are redeemable 1:1 for the U.S. dollar and the reserves are frequently attested by auditing firms. Around 1 am UTC, both PAX/USDT and TUSD/USDT pairs saw a sudden uptick in price, which led to both Paxos and TrueUSD trading at as much as 4% premium. This comes at a time when rumors are emerging that Bitfinex, and its affiliated firm Tether, could face insolvency amid reports that its reported banking partner Noble International was no longer working with the firm. On Monday Bitfinex strongly refuted these claims saying: ?Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this.? While it is rumored that Tether has struck a relationship with Deltec Bank based in The Bahamas, it is still unclear at which bank Tether is currently holding its reserves.
January 08, 2019 9:58 PM

TrueUSD (TUSD) | CryptoSlate
CryptoSlate does not endorse or recommend any single cryptocurrency. Please read our Coin Listings Disclaimer. TrueUSD, a USD-backed stablecoin you can exchange and trust. 100% collateralized by USD in legally protected escrow accounts, with multiple bank partners, so you can trade, send, and receive payments with peace of mind. Cryptocurrency based on SegWit and Lightning Network Cryprocurrency for online gambling industry Fork of Zcash with harder mining params Your email address will NEVER be shared, rented or sold and you can unsubscribe at any time. CryptoSlate is a hub for cryptocurrency researchers and blockchain enthusiasts ? featuring industry news, crypto prices, a product database, company directory and blockchain events. Learn more ?
January 08, 2019 5:59 PM

Coinbase Exec Joins Stablecoin Issuer TrueUSD as Head of Compliance
A former senior employee at U.S. crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance. A former exec at U.S. crypto exchange Coinbase has left the industry giant to join stablecoin issuer Trust Token A former senior employee at United States crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance, according to the company?s official website Jan. 4. Vaishali Mehta, whose LinkedIn profile indicates she served just over a year as senior compliance manager at the major San Francisco-based exchange, reportedly joined TrustToken in December 2018.
January 04, 2019 4:11 PM

Cryptocurrency Exchange Bittrex Introduces Stable Tether-to-TrueUSD Pairing | Bitcoin Magazine Verified on Po
Ready to start building Dapps? Dive deep into blockchain development. Subscribe Now Bittrex, a U.S.-based cryptocurrency exchange, has issued a trading pair between tether (USDT) and TrueUSD (TUSD), two stable tokens pegged to the U.S. dollar. While tether is issued by Tether, TrueUSD is issued by TrustToken. Unlike other cryptocurrencies, stable tokens are pegged to the value of traditional money. In this case, tether and TrueUSD are both pegged to the U.S. dollar, so that one token is worth one dollar.   Stable tokens are useful in that they protect traders from market volatility. The question is, why would one exchange offer two types of dollar tokens? The answer is, it would allow traders who are worried about the long-term viability of one token over the other to hedge their bets by owning one or the other or a little of both. By a similar logic, listing two tokens could also protect the exchanges, particularly those like Bittrex, that do not carry crypto-fiat pairs and depend on stable tokens to maintain liquidity.
December 27, 2018 7:17 PM

The Exodus Wallet and Exchange Now Supports XRP and TrueUSD (TUSD) | CryptoGlobe
The Exodus desktop application (Linux, Mac, and Windows), which provides wallet, exchange, and portfolio functionality, now supports XRP and TrueUSD (TUSD). On 17 August 2018, the Exodus team announced that version 1.58.0 (and later) of Exodus allows you to "send, receive, and exchange to and from XRP and TUSD seamlessly." Why was XRP support added? The Exodus team says: "During the months we?ve spent perfecting the Ripple wallet, many of you wrote in expressing your enthusiasm for XRP and asking us for a timeline for when we would add it to Exodus. Your emails, Slack messages, and tweets pushed us to deliver this functionality to you and we thank you for keeping us motivated."
December 27, 2018 6:25 PM

Exodus Wallet Now Provides Full Support for Ripple (XRP), TrueUSD (TUSD) | U
The wallet?s team announced their intentions to add XRP a while ago already but has finally got down to implementing it only now along with adding TUSD. It has taken them a few months to polish all the functions of the XRP wallet, while the XRP community was giving them constant motivation by leaving encouraging comments. Another novelty is that automatic updates for Mac users have been arranged. The developers have also added Digibyte S-addresses and promise to set Windows updates working next.
December 23, 2018 8:07 PM

Bittrex Opens TrueUSD-Tether Trading Pair - Cryptovest
Just weeks after the appearance of a new dollar-pegged coin, the TrueUSD (TUSD), a new trading pair was set, against Tether (USDT). Now, there is a direct channel from Tethers into TrueUSD, which reports its dollar backing in a more transparent fashion. The only problem is there are only around 7.9 million TUSD tokens, while there are more than 2.2 billion Tethers in circulation. It is unclear whether the inflow of Tethers would cause the price of TUSD to fluctuate. Investors have been urged not to buy in case the price goes too far above the range. ?We believe that TUSD is the best option for traders and funds who don?t want the risk of Tether but still want to hold crypto assets in a price-stable token,? said Rafael Cosman, CTO of TrustToken, the company behind TrueUSD.
December 23, 2018 3:41 PM

What is TrueUSD (TUSD) and how to use it | CryptoCompare
CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. One of the most sought-after outcomes for Bitcoin and other cryptocurrencies is the possibility of replacing fiat currencies and being used globally for day-to-day transactions and international transfers. While some say this will never happen, others believe it to be inevitable. While we don?t yet know which is true, one thing is certain: If a shift from fiat to crypto does happen, it will likely take years, if not decades, for it to happen. Although cryptocurrency users can easily transfer funds to each other, they are still dependant on fiat currencies when purchasing day-to-day items given that very few places accept cryptocurrencies. So, in the short term, if fiat is hard to replace, why not try to improve it rather than outright replace it?
December 23, 2018 2:45 PM

TrueUSD selects Nexo as its official lending partner
The Nexo community has always been a source of inspir?tion, helping us generate new ideas about features that make the already seamless lending experience with Nexo even better. We are pleased to announce the first result of the strategic partnership between the world?s most advanced crypto lender Nexo and the company that is restoring confidence in the stablecoins space TrustToken. TrueUSD is now available both as a collateral and repayment option for Nexo?s instant crypto loans, making Nexo the official TrueUSD lending partner. Nexo clients can deposit TrueUSD and borrow against it with a 95% Loan-to-Value (LTV) ratio which provides an additional utility feature for the stablecoin. TrueUSD can further be used to fund existing loans, with no price risk for the customer.
December 13, 2018 8:49 AM

TrueUSD: The First Asset Token from TrustToken Vertex Marketplace Medium
TrueUSD (TUSD) is a stablecoin that you can redeem 1 for 1 to the US Dollar. TUSD is the very first asset token created on the TrustToken platform! TUSD has a vast number of benefits for its token holders, so let?s get into it. Firstly, TUSD allows you to enter the cryptomarket without immediate exposure to BTC or ETH. It provides somewhat of a soft landing-pad for new crypto-buyers. Holders of TUSD can use it as an alternative to traditional currency purchase methods. Because TUSD is a stable-coin you can hedge against volatility in the crypto sphere, while maintaining your hold in crypto. TUSD also has a major benefit for various arenas of commerce. It maintains a stable price, so online purchases, salaries, escrow and loans are all possible through TUSD.
December 12, 2018 3:24 PM

TrueUSD Is Now a Base Pair on Binance
Ready to start building Dapps? Dive deep into blockchain development. Subscribe Now 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. Chief growth officer at Binance, Ted Lin, noted that the exchange had been impressed with the growth of TrueUSD since the stablecoin was first listed in May 2018. At the time, Binance had listed TrueUSD, but traders could only exchange it for ETH, BTC and BNB. ?Now with a market cap approaching $200M, it?s clear the market values their product and we?re happy to support their continued growth. They believe as we do that operating in a trustworthy and transparent way is critical to the future development of the crypto ecosystem,? Lin said. Tory Reiss, co-founder of TrustToken, told Bitcoin Magazine that Binance chose TrueUSD as a quote pair due to the liquidity and trust that it is able to bring to the market. ?TrueUSD is currently the largest regulated stablecoin, which will allow traders to actually have enough supply to securely trade with a price stable cryptocurrency," he said. TrueUSD is one of the most popular stablecoins in the market and the 25th largest cryptocurrency by market cap, according to CoinMarketCap. The token was developed by the Trust Token project as a stablecoin backed 1:1 by the U.S. dollar. While its market cap might still be far off from Tether's, TrueUSD has emerged as of late from Tether's shadows, outshining its competitor in its transparency through regular attestation and a reliable creation/redemption portal on TrustToken?s website. "We are hearing from traders that they value transparency and the ability to actually redeem when it comes to using a stablecoin. We like to say that redeemability leads to stability ? when traders know that they can exchange their tokens for U.S. dollars, they can have the confidence to use it in the market. We will see projects that are focused on providing this type of transparency and security to their customers thrive, and there will be very few reasons why a trader would choose to use a stablecoin that is not providing this." Last month, Binance added PAX token as a base currency on its trading platform. The exchange has also rebranded its USDT Market to a Stablecoin Market (USD?), as it braces for more stablecoin additions in the near future.
December 07, 2018 8:28 PM

One Stablecoin To Rule Them All - USDT Vs TrueUSD
2018 has been famous in crypto for two things - a hard-hitting bear market and the rise of stablecoins, making cryptocurrency investment for the masses a far more attractive concept. Many believe that stablecoins will eventually lead to cryptocurrency adoption, as, in order to sell crypto to the mainstream, a currency that is balanced and pegged to a familiar asset needs to be used, otherwise, people will get confused with changing prices. Using a stablecoin means a direct price switch can be made, so $100.00 worth of FIAT can be transferred into $100.00 worth of stablecoin, and that $100.00 will remain at $100.00, not subject to the volatile and changing prices of the markets as stablecoins like USDT and TrueUSD are all tied to the price of FIAT currencies like the US Dollar and the Euro.
November 21, 2018 7:05 PM

Huobi Lists 4 Regulated Stablecoins Vying for Tether's Throne
Huobi set to list 4 new stable coins later this week on October 19. Gemini Dollar (GUSD), TrueUSD (TUSD), and USDCoin (USDC), and Paxos Standard (PAX) will be the new assets listed.
October 17, 2018 10:20 PM

Peer Stablecoins are Showing 10% Premium against a Weak Tether
A mass exodus from the most popular dollar-pegged stablecoin Tether (USDT) has led to its devaluation against peer stablecoins. USDT on Monday broke away from its historically tight link with the US Dollar to touch 85 cents across multiple crypto-exchanges. As a result, a substantial USDT volume shifted to other cryptocurrencies, including Bitcoin, raising their price in an otherwise bearish market. Among the gainers were also other stablecoins whose per token value advanced against the dollar ? as well as the Tether?s USDT.
October 17, 2018 2:38 PM

Tether [USDT] controversy discussed by TrueUSD [TUSD]'s Danny An - AMBCrypto
XRP breathes sigh of relief as Token Taxonomy Act redefines digital assets and amends Securities Exchange Act Nouriel Roubini takes hit on Bitcoin and others; focuses on 4,800 pump and dump schemes Bitcoin Futures Contracts get a green signal from the regulatory authorities Bitfinex announces margin trading for Tether with USD pair SEC has lost its first legal battle in its unlawful quest against cryptocurrencies, says John McAfee SEC has lost its first legal battle in its unlawful quest against cryptocurrencies, says John McAfee Bitcoin proponent Mike Novogratz: I don?t think we?re going to decentralize the whole world
October 16, 2018 3:30 PM

TrueUSD (TUSD): The Only Regulated, Exchange-Independent Stablecoin
DON?T BE A SIMPLE HODLER ? BE A HODLERXL Cryptocurrency users can surely transfer funds to each other easily, but they are still dependant on fiat currencies when buying day-to-day items granted that very few places take cryptocurrencies. Part of the crypto world has become conventional to the concept of growing alongside the legacy financial system, a method that may view blockchain technology integrated with the present financial standard cooperatively, rather than overcoming it. With this in mind, various projects in crypto have set out to design products created with the existence of fiat currencies in mind. It is the case with stablecoins.
October 16, 2018 8:14 AM

KuCoin Will Add TrueUSD (TUSD) Market
This post is also available in: ???? (Chinese (Simplified)) KuCoin will list TrueUSD (TUSD) and open the TUSD market. The listing process is as follows: Special Offer: Users will enjoy 99% off the trading fees on TUSD trading pairs (BTC/TUSD, ETH/TUSD and USDT/TUSD) from Oct. 15, 22:00 to Oct. 29, 22:00, 2018 (UTC+8). Trade Now. More information as follows: TrueUSD is the first asset token by TrustToken. We anticipate additional asset-backed tokens such as TrueEuro, TrueBond, and more ? all of which can be listed on exchanges around the world for efficient global trade. TrueUSD (TUSD) Website:
October 16, 2018 2:46 AM

Bittrex to add support for USD, USDT and TrueUSD with Bitcoin [BTC]
Nouriel Roubini takes hit on Bitcoin and others; focuses on 4,800 pump and dump schemes Bitcoin Futures Contracts get a green signal from the regulatory authorities Bitfinex announces margin trading for Tether with USD pair SEC has lost its first legal battle in its unlawful quest against cryptocurrencies, says John McAfee XRP/USD Technical Analysis: Red clouds hover over investor sentiment SEC has lost its first legal battle in its unlawful quest against cryptocurrencies, says John McAfee Bitcoin proponent Mike Novogratz: I don?t think we?re going to decentralize the whole world
May 31, 2018 11:00 PM

Binance Set to List TrueUSD Stablecoin, A Regulatory-Compliant Alternative to Tether - Bitcoinist
Reading: Binance Set to List TrueUSD Stablecoin, A Regulatory-Compliant Alternative to... Adam James · @Shasdam | May 16, 2018 | 23:00 Adam James · @Shasdam | May 16, 2018 | 23:00 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). 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:
May 17, 2018 2:00 AM

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