TrustToken launches 4 new stablecoins

24 Apr, 2019
by David Robb
TrustToken launches 4 new stablecoins

TrustToken has announced the addition of new stablecoins to its offering of fiat-backed tokens. The team behind TrueUSD will offer four cryptos, each pegged to a different national currency.

TrustToken's TrueUSD (TUSD) crypto is currently the 36th-ranked crypto, with a market cap of just under $200 million. It recently launched TrueGBP, which is pegged to the British pound. 

The first new stablecoin available from TrustToken and ready to be listed on exchanges is TrueAUD, backed by Australian Dollars. Later in the year, TrueEUR (backed by Euros), TrueCAD (backed by Canadian dollars), and TrueHKD (backed by Hong Kong dollars) will be available.

The funds backing these new stablecoins will be subject to regular attestations, provided by a third-party accounting firm, Cohen & Co. TrustToken also claims that, as part of "a further commitment to transparency, we recently announced a partnership with Armanino, a top-20 accounting firm, to provide real-time confirmation of the funds backing all TrustToken stablecoin products".

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