security
The TrustToken platform has entered into a partnership with Armanino accounting company, thanks to which traders will be able to track real-time security of steablcoin TrueUSD (TUSD) with fiat US dollars in real time.
Proud to are for We announce with Our partnership The @ArmaninoLLP to bring you real-time confirmation of #TrueUSD funds. The dashboard will be launching in April. https://t.co/DyQMdmAxT2
– TrustToken (@TrustToken) 5 March, 2019 p.
The solution from Armanino interacts with bank escrow accounts on which the dollar security is stored, comparing this data with information from the Ethereum-node about the offer of TUSD tokens. According to TrustToken, this process is transparent and requires “minutes, not months” to get the data.
“This is a new standard, not only for the stablecocks, but also for all future tokenized assets ,” said Rafael Kosman, co-founder of TrustToken. “ With the balance confirmation tool provided by one of the leading accounting firms, traders will always know that their tokens are secured with real assets.”
The new tool will be available in April. Registered users of the Armanino service will be able to use it.
Currently, TUSD with a capitalization of $ 205 million is at the 29th place in the CoinMarketCap ranking:
Among the “new stablecocks”, TrueUSD’s main competitor is USD Coin (USDC) from the startup Circle, which is now in 25th place in the ranking. As for Tether (USDT), it still has no equal in popularity. Currently, the USDT is the second after Bitcoin in terms of trading volume , and its capitalization exceeds $ 2 billion.
Earlier, BlockchainJournal reported that the stableblink USDC has successfully passed the audit .
Follow BlockchainJournal on Twitter !
BlockchainJournal.news
BlockchainJournal.news
