Leading stablecoin provider TrueUSD (TUSD) has announced its deployment as a native token on the BNB smart chain. This groundbreaking integration is an important milestone in TUSD’s multi-chain expansion strategy. It prepares the conditions for further integration into the BSC ecosystem (BNB smart chain).
TUSD Announces Integration with BNB Chain as a Native Token
“Individual and institutional clients can now mint and redeem native BSC-TUSD through the TUSD website. It leverages the benefits of BNB Chain’s fast execution, minimal fees, and compatibility with various decentralized applications (DApps)” says the Head of Marketing at TUSD.
BNB Chain is a community-driven, decentralized and censorship-resistant ecosystem powered by BNB tokens. It consists of a BNB Beacon Chain for governance and a BNB Smart Chain (BSC) for EVM-compatible development that facilitates a multi-chain ecosystem. It has processed 3 billion transactions to date from 200 million unique addresses, providing developers with massive user access at very low gas prices. The ecosystem has over 1,400 active dApps across multiple categories such as DeFi, Metaverse, Blockchain Gaming, and NFTs.
As the world’s first stablecoin to offer 24/7 live on-chain verification, TUSD has established itself as an industry leader in transparency, security and stability. By partnering with multiple banks and institutions, TUSD allows holders to create and exchange tokens 24/7. Additionally, TUSD is the first USD-backed stablecoin integrated with Chainlink, adopting Proof of Reserves to secure mining.
TUSD has adopted a multi-chain approach in recent years. It will provide stable and sufficient liquidity for various DeFi ecosystems and strengthen their infrastructure. The stablecoin is now native to multiple blockchains including Ethereum and Tron. It has been deployed on over ten public chains. Major cryptocurrency exchanges such as Binance, Huobi, Poloniex, and OKX support deposits and withdrawals on various ТUSD services. This makes it easier for ТUSD holders to participate in multiple blockchain ecosystems.
The launch of native BSC-ТUSD builds on ТUSD’s extensive partnership with the BNB chain ecosystem. TrueUSD continues to strive to bridge the gap between the crypto world and the real world by consistently demonstrating transparency, security and reliability. As ТUSD expands its use cases and introduces more market-oriented options, users can look forward to lower costs and a better transaction experience.
About TrueUSD
TrueUSD (ТUSD) is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with USD. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi, and is live on 10+ mainstream public chains including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon.
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