The public chain race has seen increased feud and rivalry in the second half of 2021. This is with the emergence of Fantom causing a new wave.
As a bridge between standard and traditional finance and DeFi marketplaces, TrueUSD’s resiliency and transparency grow progressively more obvious and evident with time. Without alternative DeFi financial tools, the public chain ecosystems would never be prosperous.
Meanwhile, in October 2021, TrueUSD completed its Fantom cross-chain deployment, offering users more practical and efficient knowledge. In fact, traders can use AnySwap cross-chain bridge technology to transfer TrueUSD assets between Ethereum and Fantom, providing quick, secure, and decentralized circulation among several chains.
TrueUSD is the first USD-pegged digital asset they independtly validated, with Armanino, one of the major US-based accounting firms, providing 24/7 live on-chain attestations to assure a 1:1 ratio of USD reserves to circulating token supply. Furthermore, users can view the publicly available audit results at any time by visiting the official website trueusd.com.
70 different centralized trading platforms has listed TrueUSD, including Binance, Huobi, and Poloniex, and is live on well-known public chains including Ethereum, TRON, Avalanche, BSC, HECO, Arbitrum, and Polygon, contributing significantly to the development of each chain’s DeFi ecosystem.
TrueUSD’s distribution in numerous ecosystems also allows for faster and more efficient transactions for a larger number of users. Moreover, by implementing multiple giveaway promotions and reward plans, TrueUSD has extended user channels and assisted users in obtaining more sustainable returns.
TrueUSD’s market cap will steadily grow as more public chains and project collaboration emerge. Its market cap peaked at 1.5 billion users and consumers, with over 300,000 token holder addresses circulated across more than 120 nations and countries.
Fantom will operate and utilize every transaction on the blockchain through its independent and autonomous execution chain. Additionally, this offers its users faster, close-to-zero transaction costs. It is the world’s first high-performance decentralized network they they built on DAG technology and enabling intelligent contracts. Fantom is also working to improve the scalability and processing speed of existing blockchain technologies.
The number of independent network addresses in the Fantom ecosystem has increased. This is thanks to the development of cross-chain bridges, DEX, and NFT. The Fantom ecosystem now has more options because of the layout and progress of several domains. It’s no surprise that numerous users positively appreciated the first collaboration between TrueUSD and Fantom.
TrueUSD’s successful and triumphant launch on Fantom is only the start of a fantastic adventure that is full of surprises! Let’s keep an eye out for what else it has to offer.
Here is the latest monthly report on TrueUSD:
TUSD market cap: $1,311,633,986
Ethereum: $983,460,610.82 TUSD
TRON: $319,210,558.92 TUSD
Binance Smart Chain: $813,000,000 TUSD
Avalanche: $1,470,042.74 TUSD
On September 8, stablecoin TUSD FilDA and Hswap began TUSD liquidity mining. Besides, they have already completed the first phase of the project. Users on Hswap can add liquidity, while those on FilDA can mine stakes.
BitTorrent and Torrent’s client Torrent have added support for TUSD as a payment option. On September 26, crypto payment processor Simplex integrated stablecoin TrueUSD (TUSD). This allows users to purchase stablecoin TrueUSD (TUSD) via Simplex using a debit card or a credit card. On September 23, they expect the currency’s APY to be up to 150 percent.