BlockTower Capital, Andreessen Horowitz (a16z) and Alameda Research led the round by purchasing TRU, TrueFi’s native token.
The transparency measure is meant to provide additional certainty for decentralized finance (DeFi) traders who often rely on asset-backed stablecoins.
A new blockchain-based system speeds up audits but doesn't replace accountants.
Stablecoin issuers are taking advantage of Tether's troubles to promote their cryptocurrencies as more viable alternates.
TrustToken has launched a stablecoin backed by the Australian dollar, with tokens for CAD, HKD and euros to follow soon.
Cryptocurrency startup TrustToken has launched its second stablecoin – and this time it's a token pegged 1:1 to the British pound.
Holders of the dollar-pegged stablecoin TrueUSD can now leverage their funds to earn interest through crypto lender Cred.
TrustToken has announced a new partnership that it says will allow a "real-time" view of the U.S. dollars backing its TrueUSD token.
TrustToken has launched an alias feature for exchanges and merchants which use TrueUSD, allowing them to provide each of their clients with a unique deposit address which all send funds to the same central wallet.
Vaishali Mehta, a senior compliance manager at Coinbase from November 2017 to November 2018, has joined TrustToken as head of compliance.
TrustToken says its tech has passed three independent security audits, while its stablecoin is now seeing trading volume over $1 billion a month.
A spokesperson for HBUS says the exchange has seen a massive increase in USDT/TUSD trading this week after tether broke the proverbial buck.
Malta-based cryptocurrency exchange OKEx has announced that it is listing four U.S. dollar-pegged cryptocurrencies for trading.
TrustToken, which aims to put tokenized assets on a blockchain, raised $20 million in a strategic token sale with help from Andreessen Horowitz.