Saturday, September 23, 2023

TrueUSD Natively on Avalanche


TrueUSD, one of the various transparent stablecoins available on the market, is now available. The first of several TrustToken products made accessible on Avalanche in the near future.

In Avalanche, TrueUSD (TUSD) has established itself.

Furthermore, the Avalanche ecosystem welcomes this new DeFi asset. It brings more US Dollar liquidity to users and applications in the network. On the other hand, TrustToken intends to deliver additional TUSD-based products to Avalanche. This is as part of its involvement in the DeFi apps on the medium.

Additionally, users can now easily access TUSD on Avalanche by using TrustToken’s TrueCurrencies App. An Avalanche-powered decentralized exchange for Ethereum investments called Pangolin has added AVAX-TUSD to its liquidity pool. This made it the first decentralized exchange to include the currency.

Best Trade Possibilities

Indeed, Pangolin offers the best trade possibilities. A number of additional well-known DeFi acquisitions that have moved over the Avalanche-Ethereum Bridge. These can be accessed quickly by users as well, including $WBTC, $AAVE, $LINK, $YFI$YFI, and $UNI.

Furthermore, TrueUSD is one of the most visible stablecoins on the market. It supports 1:1 to the US dollar, thanks to Armanino and on-chain Proof of Reserves with Chainlink’s live attestations. THKD, TGBP, TAUD, and TCAD are all TrueCurrencies produced by TrustToken. It is possible to trade TrustToken currencies on more than 100 trading and OTC desks in more than 120 countries.

Avalanche’s Amazing Features

Avalanche starts in a matter of seconds, users send and receive the stablecoin with low transaction costs. It receives subsecond finality. Fruthermore, stablecoins will be able to move like cash on a decentralized network for the first time. Rather than having to wait for block assurances or pay astronomical fees.

Since the launch of the Avalanche-Ethereum Bridge on February 8, Avalanche has seen a 631 percent increase in trades. There was also a 1300 percent increase in the number of unique wallets.

As of September 21st, Avalanche has amassed over 830 block-producing validators engaging in network consensus. Over 5,500 delegators staking their coins on the main net. These people formed Avalanche, a layer one blockchain network with a staked value of more than $8 billion. Also, the most decentralized layer one blockchain platform in the world.

Decentralized applications, new interoperable blockchains, and new economic primitives builds using Avalanche, an open-source platform. As of now, Avalanche has created Ethereum dApps that guarantee instantaneous transactions and process thousands of transactions per second.

Innovators and developers can easily establish powerful, dependable, and secure applications. They can, indeed, come up with unique blockchain networks with complicated rule sets or build on top of existing private or public subnets with Avalanche. It is possible to create a virtual machine and determine exactly how the blockchain should work.

Miguel Garcia
Miguel Garcia
Miguel Garcia is a writer for Cryptoconstellation. Miguel has always been fascinated with Crypto. He has experience in Business and finance. Miguel loves sport cars and football.

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