New York-based AlphaPoint, a blockchain-oriented firm that provides crypto exchange operators with technology solutions, announced on Tuesday that it had integrated TrueUSD (TUSD), a stablecoin that came out earlier this year. The integration of TUSD, which is traded in parity with the US dollar, will allow AlphaPoint’s digital asset exchange to add the stablecoin for trading against other coins and fiat currencies.
As of today, AlphaPoint has over ten cryptocurrency exchanges listing TUSD, including DCEX and Dasset. The company is confident about the fiat-backed coin, as it is managed by TrustToken, an asset tokenization platform that has allowed five audits related to the TrueUSD. The stablecoin has been audited by security companies from the US and China. To ensure a high degree of transparency, TUSD uses several US Trust and bank partners to mitigate banking risk and guarantee legal protections of holders’ USD deposits.
AlphaPoint co-founder and president Igor Telyatnikov commented:
“We are thrilled to offer our customers around the world the ability to interact with a market-leading stablecoin, like TrueUSD, which improve market liquidity and velocity, and increase the efficiency of global digital asset trading. The more that crypto and digital assets become fungible, the more the entire marketplace will benefit.”
TrustToken co-founder and CEO Danny An stated:
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