TrueUSD

On April 21st, according to Kaiko\’s latest report, BTC-TUSD has become the largest Bitcoin trading pair driven by Coin Security, and TrueUSD stable currency is a type of token that

According to reports, CoinGecko data shows that the trading volume of TrueUSD (TUSD) stable currencies has surged within a week. During most of Thursday and Friday, the 24-hour tra

21:00-7:00 Keywords: TrueUSD, Ark Invest, SEC, Uniswap Overview of important developments overnight on March 16th Analysis based on this information:In an era where the world is embracing digital currencies, the TrueUSD cryptocurrency has been making headlines of late, and its role in the future of crypto investment cannot be underestimated. One significant player in the investment space, Ark Invest, has recently published a positive report on TrueUSD, stating that it has the potential to rise to the top in the cryptocurrency ecosystem. According to Ark Invest, TrueUSD, also known as TUSD, is a stablecoin that has been gaining popularity due to the backing of its value by the US dollar, making it a reliable investment option. TUSD is a ERC-20 token and can be traded on popular decentralized exchanges such as Uniswap. Moreover, TUSD is continually audited by third-party accounting firms to ensure transparency and accountability, unlike other titles that may have questionable backing. The Securities and Exchange Commission (SEC)…

According to reports, Archblock, the issuer of TrueUSD stable coins, has transferred $1 billion of reserves supporting the token to a bank in the Bahamas. An independent accounting firm released real-time proof on Wednesday that Archblock oversees approximately $2 billion of reserves supporting its TrueUSD stable currency and currently holds more than $1.4 billion in funds at Nassau Capital Union Bank. This is an increase from $438 million on March 10th. (Bloomberg) Archblock, the issuer of TrueUSD stable currency, transferred $1 billion of reserves to the Bahamas Analysis based on this information:Archblock has recently moved to transfer $1 billion in reserves for its TrueUSD stable coins to a bank in the Bahamas, according to reports. This move is likely reflective of a growing shift among major players in the cryptocurrency space towards offshore banking solutions, which can offer greater flexibility and ease of use as compared to traditional banking institutions. The move was verified by an independent accounting firm, which…

It is reported that TrueUSD tweeted that the Signature Bank has been closed by the US regulators, so TrueCoin suspended the TUSD casting and redemption business for a small number of Signature Bank users. The coinage and redemption of other users in the TrueUSD banking network have not been affected. TrueUSD: part of USD funds are deposited in Signature Bank Analysis based on this information:TrueUSD, a stablecoin pegged to the US dollar, recently announced that it has suspended the TUSD casting and redemption business for a small number of Signature Bank users. The reason behind this move was the reported closure of Signature Bank by US regulators. This means that users associated with the affected bank will not be able to use TrueUSD at the moment. However, the coinage and redemption of other users in TrueUSD’s banking network remain unaffected by the regulatory closure. TrueUSD is one of the few cryptocurrencies that is not as volatile as others due to…

It is reported that the New York Financial Services Department (NYDFS)\’s BUSD casting ban forced Coin to find other stable currency alternative solutions to me…

It is reported that the TrueUSD (TUSD) stable currency has become the fifth largest stable currency in terms of market value, driven by the increasing importan…

It is reported that Archblock, the issuer of TrueUSD stable currency, said that it would use Chainlink\’s reserve certification system to let users verify wheth…