TrueUSD is a digital currency built on the Ethereum network that trades on various cryptocurrency exchanges such as Binance, Huobi and OKEX. This stablecoin is backed 1:1 to the USD, meaning that each unit issued is equal to the value of one U.S. dollar. TrueUSD is developed, audited, and overseen by TrustToken, with verification managed by internationally renowned auditors like Armanino, Cohen & Co, and ConsenSys Diligence.

Recently, TrueUSD announced its support for minting native TUSD on BNB Chain, one of the world’s largest smart contract blockchains. This platform handles 3 billion transactions from 200 million unique addresses, making it possible for developers to access a huge user base with lower fees compared to other platforms. As of now, TUSD also supports transactions on Ethereum, TON, Cronos, Avalanche, and Tron, among others.

The move came amidst a global banking crisis, forcing even established players in the industry to make drastic changes. For example, the TrueUSD operator, Archblock, recently moved $1 billion reserves to its partner bank in the Bahamas following the unexpected closure of Signature Bank.

Investors must exercise caution and do their own research before investing in cryptocurrency currencies like TrueUSD, as their prices can be highly volatile. TrueUSD seeks to offer a safe and dependable instrument which is largely unaffected by the fluctuations in the crypto market. However, it is advisable to always pay attention to the latest market news and get to know about any relevant developments for the TrueUSD platform.



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