TrustToken Bridges TUSD and Other Stablecoins to Syscoin – Coinspeaker

Place/Date: – December 2nd, 2020 at 12:00 pm UTC · 5 min read
Source: TrustToken

TrustToken Bridges TUSD and Other Stablecoins to Syscoin

Tomorrow’s fintech depends on high-quality stablecoins. The continued success of value-pegged assets will depend on their usability, security, and compliance. For these reasons, Syscoin Foundation is proud to announce a partnership with TrustToken. The entire TrustToken family of TrueCurrencies, including TrueUSD (TUSD), has bridged to Syscoin.

TrustToken offers the largest family of digital currencies backed by real-world money. They lead the way in stablecoin transparency, compliance and security. TrustToken’s TUSD is the first regulatory compliant asset fully backed by live-auditable USD collateral, exceeding industry standards. TUSD is one of the most popular stablecoins in the world, boasting a market cap of 268 million US Dollars currently.

TrustToken, by choosing Syscoin, further raises the industry bar for stablecoins. Syscoin’s live mainnet is ideal for digital money. It provides fast settlement time, low-cost transfers, scalability, and trustless interoperability with Ethereum. The upcoming release of Syscoin version 4.2 will enable TrustToken to opt-in to Network-enforced Rulesets if desired. This feature can ensure regulatory pre-compliance and is useful for other enterprise purposes. TrustToken will use the Syscoin Platform Token (“SPT”) model and its unique features to pave the