We are glad to announce that a new quote currency TrueUSD (TUSD) is now available for trading on HitBTC. The pairs which went live today include Bitcoin (BTC/TUSD), Ethereum (ETH/TUSD), Tether (USDT/TUSD), Bitcoin Cash (BCH/TUSD), Litecoin (LTC/TUSD), Monero (XMR/TUSD), 0x (ZRX/TUSD), Neo (NEO/TUSD).
TrueUSD, the first asset token of the TrustToken platform, is a collateralized cryptocurrency which is backed by and can be redeemed one-for-one for a fiat currency (USD).
TrustToken partners with licensed trust companies and regulated banks to store the funds backing TrueUSD stablecoins. For the purpose of security, these trust companies handle all funds directly so that the TrueUSD team does not have access to, nor is involved in, the transfer of the escrowed funds. The contents of those escrow accounts are verified by Cohen & Co., a Top 50 U.S. independent third-party accountant that publishes monthly attestation reports of the amount of USD held as collateral.
TrustToken is a platform to create asset-backed tokens that any user can easily buy and sell around the world. TrustToken was founded in 2017, consists of a team from Stanford, UC Berkeley, Airbnb, Goldman Sachs, PayPal, and Google, and is backed by a16z crypto, BlockTower Capital, Danhua Capital, Founders Fund Angel, GGV Capital, Jump Capital, Stanford-StartX, and others.
For more information about TrustToken and TrueUSD, please visit http://www.trusttoken.com