TagTrueUSD

$200 Million Crypto Stablecoin TrueUSD Launches Instant Fiat Redemption

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TrueUSD celebrated its first birthday on Tuesday, and the $200 million USD-pegged cryptocurrency stablecoin commemorated the occasion with two major announcements that could help buttress it as it seeks to supplant $2 billion Tether (USDT) as the market's leading stablecoin. Stablecoin to Provide Real-Time Accounting First, TrueUSD unveiled a partnership with Armanino, one of the 25 largest...

TrustToken Develops Cheaper Method of Managing Client Ethereum Addresses for Crypto Exchanges

TrustToken, the developer and issuer of TrueUSD, has come out with a novel method for crypto exchanges to manage millions of addresses associated with TrueUSD and other ERC20 tokens. TrustToken has developed the first publicly available means of easily handling thousands or millions of addresses within a single wallet, thus reducing the amount of Gas (Ethereuem used for transaction fees) required...

Cryptocurrency Creditors Making a Killing Despite Bear Market

Cryptocurrency creditors have been able to find profits from selling to two types of borrowers: die-hard crypto believers— who expect the market to rebound strongly and institutional investors—who need to get digital assets for short selling. The downturn in the crypto market that saw cryptocurrencies lose more than half of their values have continued into the new year. Since the crash started in...

Crypto Industry is Betting Big on the Future of Stablecoins

When merchants started introducing bitcoin and similar digital currencies as one of their payment methods, they quickly encountered a significant problem: price volatility. There were instances like a luxury item dealership, which used to accept bitcoins for their products but saw the value their Ferrari cars jump by almost 33% during a test run. The company, dubbed as The White Company, later...

Exclusive: TrueUSD Partners with Nexo to Provide Holders With Instant Loans on Cryptocurrency

In all the huff and shuffle surrounding the several recent stablecoin offerings, even the most dutiful reader might have overlooked TrueUSD (TUSD). However, December has turned out to be an eventful month for the stablecoin, as they today announced that they are the first which has successfully passed three separate security audits. This means that as far as any expert can surmise, their smart...

Tether Briefly Enters Top Four Cryptocurrencies, EOS Spikes by 21%

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For a short time yesterday, the Tether stablecoin (USDT) hit 4th place by market capitalization in the cryptocurrency charts. Today Bitcoin (BTC) and other altcoins are showing green. EOS is back in 4th place with a sudden 21% hike, and Stellar (XLM) is now in 5th place with a near 9% price increase. At one point, it appeared that investors were selling out of their stablecoin holdings with some...

Stablecoins are Beginning to See Traction Outside of Crypto Exchanges

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According to statistics published in Diar, stablecoins have seen more than 1000% increased transaction activity on-chain since September. This is not to speak to the massive volume at which they are traded internally on crypto exchanges, which numbers in the several billions per day. The statistics are a change from previous times when the majority of Tether (USDT) would sit at Bitfinex or other...

Stablecoin Wars: Bitfinex Adopts 'Neutral' Stance & Lists Major Tether Compeitors

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Users of crypto exchange Bitfinex and its associated token-trading platform Ethfinex now have a total of six stablecoin options for trading on either platform. Bitfinex Opens Platform to Tether Competitors As Bitfinex writes, for years the only major option in stablecoins was Tether (USDT), and for quite a while Bitfinex was the only way to cash in your Tether successfully – you’d have to pay...