By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    Bitcoin.com's VERSE Token Now Available for Trading on Kucoin
    Bitcoin.com’s VERSE Token Now Available for Trading on Kucoin
    1 month ago
    Polygon (MATIC) vs. VC Spectra (SPCT) vs. Compound (COMP) - Which Will Surge The Fastest?
    Polygon (MATIC) vs. VC Spectra (SPCT) vs. Compound (COMP) – Which Will Surge The Fastest?
    12 months ago
    The Open Network (TON) Foundation engages Chainbase and Tencent Cloud for Web3 development and adoption
    The Open Network (TON) Foundation engages Chainbase and Tencent Cloud for Web3 development and adoption
    1 month ago
    Latest News
    SimpleFX Relaunches First Deposit Bonus
    3 hours ago
    TokenFi and New to The Street Announce National Media Partnership to Reach 219M+ Households
    4 hours ago
    BTCC Exchange Announces Triple Global Workforce Expansion at TOKEN2049 Singapore to Power Web3 Evolution
    11 hours ago
    1inch rebrands to reflect broader mission uniting DeFi and global finance
    12 hours ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    3 weeks ago
    Crypto Tax Rules In Russia – What You Should Know
    Crypto Tax Rules In Russia – What You Should Know
    1 month ago
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    1 month ago
    10 Next Big Meme Coin To Explode
    10 Next Big Meme Coin To Explode
    1 month ago
    9 Best AI-Powered Websites That Save You Hours of Work
    9 Best AI-Powered Websites That Save You Hours of Work
    2 months ago
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
    GAMBLE
    If You Looking For Casino Review . Than we Write Many Article About Casino Please Look This Page . We Update This Page On Daily…
    Show More
    Top News
    Pixiebet Casino Review: Welcome Bonus Up to 500 Euro
    Pixiebet Casino Review: Welcome Bonus Up to 500 Euro
    3 years ago
    Beep Beep Casino Review: Welcome Bonus $20 Free Sign-Up Bonus
    Beep Beep Casino Review: Welcome Bonus $20 Free Sign-Up Bonus
    9 months ago
    India's Crypto Betting Regulations
    Exploring India’s Crypto Betting Regulations
    2 years ago
    Latest News
    Unlim Casino 2025 – Games, Bonuses & Crypto Payments
    3 weeks ago
    1win Casino Games – Exciting Slots, Crash Games & Bonuses
    3 weeks ago
    Pinco Casino Review: Games, Bonuses & Features
    3 weeks ago
    r7 Casino Review: Login, Sign Up, Bonuses & Promotions
    3 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: TrueUSD’s 2021 in Review: Partner with Public Chain Ecosystems & Builder of Compliant, Transparent Finance
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » TrueUSD’s 2021 in Review: Partner with Public Chain Ecosystems & Builder of Compliant, Transparent Finance
Press Releases

TrueUSD’s 2021 in Review: Partner with Public Chain Ecosystems & Builder of Compliant, Transparent Finance

Blockchainnews
Last updated: 03/02/2023 6:21 PM
Blockchainnews
4 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
SHARE

Singapore, Singapore, 25th January, 2022,

The stablecoin market experienced explosive growth in 2021. The total supply of U.S. dollar-pegged stablecoins soared to 388%, from $29 billion at the beginning of the year to more than $140 billion. Stablecoin usage also reached an all-time high: the adjusted annual trading volume of stablecoins exceeded $5 trillion in 2021, a year-on-year increase of over 370% compared to that in 2020. 

As a stablecoin pegged to the U.S. dollar, TrueUSD boasted a supply to the tune of $1.5 billion in 2021 at its peak. It also made breakthroughs in multi-chain deployment, partnerships with banks and DeFi ecosystem projects, and other aspects. Let’s take a look back at TrueUSD’s achievements in 2021.

I. Partnership with banks: 24/7 minting and redemption service

- Advertisement -

After entering into a partnership in 2021 with Silvergate Bank, a licensed U.S.-based bank, TrueUSD leveraged the Silvergate Exchange Network (SEN) to deliver near-instant token minting and redemption services.

TrueUSD also collaborated with Signature Bank to realize instant deposit and withdrawal by integrating its stablecoin TUSD into Signature Bank’s Signet, a blockchain-based digital payment platform through which TUSD users have access to real-time payment and settlement services.

II. Multi-chain deployment: a compliant, transparent USD-pegged stablecoin for public chains and their DeFi ecosystems

Throughout 2021 “DeFi” was a keyword for TrueUSD. It partnered with major public chains, including TRON, Avalanche, Fantom, and Polygon, to introduce more transparency and stability to the world of public chains and their DeFi ecosystems while allowing TUSD holders to have more investment options that bring higher earnings.

Among TrueUSD’s DeFi partners, PancakeSwap and Balancer (Polygon), which offered liquidity incentives, was the most popular, and the Gold Shovel Mining campaign with HECO also received significant attention. TUSD holders could earn easy rewards by providing liquidity to LP pools and participating in TUSD lending. Moreover, it is worth noting that TrueUSD invested 1 million TUSD into its partnership with PancakeSwap as bonuses that added to users’ earnings.

- Advertisement -

In addition to its partnerships, TrustToken also introduced the collateral-free lending product TrueFi, one of the first products that allow users who have passed credit model-based checks to borrow TUSD with no collateral. TrustToken, the operator of the lending protocol TrueFi and stablecoin TUSD, raised a total of $12.5 million, with BlockTower Capital, Andreessen Horowitz (a16z), and Alameda Research leading the round by purchasing TrueFi’s native token TRU.

III. Collaboration with exchanges: mounting support for TUSD holders

TrueUSD has established partnerships with more than 100 exchanges, including larger well-known exchanges such as Binance, Huobi, and Poloniex.

- Advertisement -

Among its partner exchanges, Binance, FTX, and Bittrex have supported the deposits and withdrawals of ERC20-TUSD, while those of TRC20-TUSD are available on Huobi, Poloniex, Gate.io, and MEXC. As more users opt for stablecoins as safe-haven assets and a payment instrument, TrueUSD has continued to expand cooperation with crypto exchanges, enabling TUSD deposits and withdrawals for a broader audience. This has offered users greater convenience and more options.

Besides, Crypto.com Exchange announced that users can now swap between USDC, BUSD, GUSD, and TUSD at a 1:1 ratio with zero transaction fees. This feature allows users to obtain TUSD more easily. 

IV. TUSD activities: stablecoins as top picks for safe-haven seekers

To survive in a volatile market requires safe-haven assets, and stablecoins become the best option. Grasping the market trend, TrueUSD held asset management activities such as Huobi Savings and HODL on Huobi, Bibox, and Poloniex, providing users with easy, flexible, and high-yield giveaway campaigns and additional rewards. These campaigns won huge attention from users upon rolling out and brought them generous rewards.

V. OTC markets: higher trading flexibility

It is well known that OTC trading has a significant advantage in terms of trading flexibility and is a powerful complement to the market. Furthermore, on September 26, 2021, crypto payment processor Simplex integrated stablecoin TrueUSD (TUSD) with fiat on- and off-ramp services, allowing users to use a debit card or a credit card to purchase TUSD via Simplex, which further enhanced the flexibility of trading.

VI. A new record high: TrueUSD’s market cap topping $1.5 billion

2021 witnessed TrueUSD’s remarkable progress in public chain, DeFi, and exchange cooperation, which fueled the sharp increase of its market cap. Coinmarketcap’s stats show that the market cap of TrueUSD hit $1.5 billion on June 10; the number of TUSD holder addresses passed the 400K mark on December 27. These figures speak volumes to TrueUSD’s achievements, made possible with community users’ continued support.

VII. TrueUSD’s mascot: TrueBull made its debut

On October 25, TrueBull, TrueUSD’s mascot, made its debut. As an IP merch to engage more users to learn about TrueUSD, the lovely TrueBull also represents our bull run expectations.

TrueUSD also announced was the launch of the $1 billion Fountain Incentive Program to turbocharge the growth of various DeFi ecosystems. The scheme will be used to incubate projects with potential by introducing TrueUSD and other digital assets worth $1 billion to DeFi ecosystems, further powering the growth of ecosystems.  Automated market-making protocol Balancer (Polygon), listed TUSD, where it is the most profitable TUSD stablecoin pool. Therefore, the launch of the incentive pools of TrueUSD will surely bring more traffic to Polygon and Balancer while offering users in the ecosystem more stablecoin options.

Besides, TrueUSD held multiple AMAs in Telegram communities with its partners such as FilDA and Polygon, which is a sweet spot to help users better understand TrueUSD and clarify their questions.

In 2021, TrueUSD became a heavyweight in the blockchain industry with its edges in stability, transparency, and compliance. Moreover, its exploration of different public-chain ecosystems and efforts in the DeFi field have prepared TrueUSD for a glittering 2022.

In 2022, TrueUSD will closely follow the industry trend by giving full play to its strengths. While scaling up cooperation with major exchanges, public chains, and their DeFi ecosystems, we will explore more innovative use cases of TrueUSD to offer greater value for users.

Website: https://trueusd.com/

Twitter: https://twitter.com/tusd_official

Medium: https://trueusd.medium.com/

Telegram (EN): @TUSDofficial_EN

Telegram (CN): @TUSDofficial_CN
 

Contacts
  • Peggy Yue
  • peggy@trueusd.com
SimpleFX Relaunches First Deposit Bonus
TokenFi and New to The Street Announce National Media Partnership to Reach 219M+ Households
BTCC Exchange Announces Triple Global Workforce Expansion at TOKEN2049 Singapore to Power Web3 Evolution
1inch rebrands to reflect broader mission uniting DeFi and global finance
The Sandbox CEO Robby Yung Unveils Vision with New AI, Web3, and Mobile Initiatives
Share This Article
Facebook Email Print
ByBlockchainnews
One Of The Best Press Release Distributor Of Coinworldstory . This Author Hold 39% Press Release Distribution At Coinworldstory . If You Looking For Contact This Author Than Visit Coinworldstory/contact Page For More Details About This Author
Previous Article Dragon War Ico Review: It Is Legit Or Scam Ico? Dragon War Ico Review: It Is Legit Or Scam Ico?
Next Article Faith Tribe Airdrop Review: Also Earn More Entries for Each Referral Faith Tribe Airdrop Review: Also Earn More Entries for Each Referral
How To Buy Hey Anon: Step-by-Step Guide for Beginners
How To Buy Hey Anon: Step-by-Step Guide for Beginners
Guide & Crypto Education
9 Best Prop Firms in Sri Lanka – Top Funded Trading Opportunities
9 Best Prop Firms in Sri Lanka – Top Funded Trading Opportunities
Prop Firm
10 Best Crypto Exchanges For Grid Trading
10 Best Crypto Exchanges for Grid Trading In 2025
Best Centralized Exchange List 2025
Nodepay launches Crypto’s largest Prediction Intelligence platform
Press Releases

Latest Published

Solstice Finance Officially Launches USX, A Solana-Native Stablecoin With $160M Deposited TVL

1 day ago

BYDFi Highlights ‘BUIDL’ Ethos During Newcastle United Match Against Arsenal

1 day ago

Eightco Holdings Inc. (ORBS) Announces 16.9 Million Verified World Humans, Adding 1.9 Million Since Launching Worldcoin Treasury Just 3 Weeks Ago

2 days ago

WBTC Strengthens its Role as Multichain Standard for Bitcoin in DeFi

2 days ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?