Cryptocurrency startup TrustToken has released its second steyblecoin – this time backed by a pound sterling.
Our team set the new standard for stablecoins with #TrueUSD . #TrueGBP , we’re excited to launch a big step forward for the #cryptocurrency industry. https://t.co/puw5qRdfim
– TrustToken (@TrustToken) 2 april 2019 p.
TrueGBP token is already available at some over-the-counter (OTC) sites, including Alameda Research, Bluefire Capital, Galois Capital and QCP Capital. According to representatives of the startup, soon a new “stable coin” will appear on cryptocurrency exchanges that are available to a wide audience of investors.
The coin is traded under the TGBP ticker; it is secured by the British pound stored in Escrow accounts of TrustToken in a 1: 1 ratio.
“TrueGBP will be bought and traded in the same way as any other Ethereum tokens. The coin will be compatible with all ERC20 wallets , ”said Rafael Kosman, co-founder of TrustToken.
However, he said, users who want to buy or redeem tokens through the TrustToken application will need to be verified.
The company also announced plans to release several more stablebcoins in the coming months, designed to "open up new opportunities for payments, international transfers and foreign currency exchange."
In the arsenal of TrustToken, there is already a stableUSK TrueUSD tied to the US dollar. Currently, this coin with a capitalization of $ 198 million occupies the 38th line of the CoinMarketCap rating.
Recall that last summer, the startup TrustToken raised $ 20 million from Andreessen Horowitz (a16z), BlockTower Capital and Danhua Capital.
Follow BlockchainJournal on Twitter !
BlockchainJournal.news
BlockchainJournal.news
