Sunday, November 27, 2022

TrueUSD Works With Signature Bank

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True USD displayed its cooperation with Hand Bank, a New York- grounded, full-service, marketable bank.

True USD will integrate TUSD into Hand Bank’s blockchain-based digital payments platform, Signet, to facilitate quick settlements for guests. Also, Hand Bank may now offer TUSD, the first digital asset backed by US dollars with live on-chain Evidence of Reserves, to its customers.

Its connections with internationally renowned institutions and auditing firms ensure that True USD is the most trustworthy dollar-peg asset. Currently, TUSD circulating force exceeds 1.4 billion, with billions of bones sold annually. 4 billion in rotation, with billions in annual sales. Hand Bank launched the first FDIC-insured blockchain-based digital payments platform.

Signet, an Ethereum- grounded payments platform, allows marketable guests the capability to make real-time payments in U.S dollars. Signet is also the first to approve for use by the New York State Department of Financial Services. With Signet, Hand Bank guests also have access to 24 hours 365 days a year support, a service distinctive to the Bank.

Hand Bank’s immolation improves with True USD

“We bring True USD to our ever-growing ecosystem. The relationship with True USD enhances Hand Bank’s immolation making it marketable to its guests.

Furthermore, Hand Bank’s President and CEO, Joseph J. DePaolo, said the deal solidifies the bank’s position as one of the leading digital banks. Jennifer Jiang, Chairperson of True USD, reflected “True USD innovates to bring trusted fiscal openings to the world.

As an authenticated, dollar-backed digital money, the TUSD’s inclusion into Hand Bank’s Signet platform is monumental. TUSD guests worldwide now have another safe real-time agreement option with Signet.

According to Trust Token CEO Rafael Cosman, TUSD’s new partnership with Hand Bank “puts the most transparent digital bone in more hands, faster.” Incontinently settling via Signet is a critical step to increasing TUSD’s availability, transparency, and mileage.” Indeed, TrueUSD (TUSD) is the first digital asset repairable in US dollars.

Transparency and third-party evidence are a must to mitigate counterparty risk and fraud in the multichain stable coin. Moreover, With over a hundred global trading partners, each TUSD token collateralized fully and evaluated live on-chain.

Liquidity is available on many prominent exchanges, DeFI protocols, and major OTC divisions in over 120 countries. This includes fiscal partners such as Signet by Hand Bank, the Silver Gate Exchange Network (SEN), and PrimeX by Prime Trust.

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Ruby Vester
Ruby Vesterhttps://www.cryptoconstellation.com/
Ruby Vester started writing for Cryptoconstellation in 2017. After a successful career as a content writer for a business blog, she found an interest in the crypto world. Ruby has lived in England for two years, and the returning to her hometown, Madrid.
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