This is Joyce from the TrueUSD (TUSD) team. It is our pleasure to join the Aptos community and we are planning to launch a new proposal for adding TUSD Stablecoin on Aptos. I’m hoping to know the Aptos community’s thoughts and perspectives regarding this idea.
- Project Name
- Project Description - Stablecoin -
TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms and is live on twelve mainstream public chains including Ethereum, TRON, Avalanche, BNB, Fantom, Polygon, Arbitrum, Cronos, Optimism and Aurora, with its total supply surging over $895 million.
TrueUSD is real-time audited by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website TrustExplorer by Armanino: Real-Time Attest for TrueCurrency at any time.
- Value Proposition to the Aptos Ecosystem
We believe that compliance and transparency, the core value of TUSD will shine in the Defi realm with the help of the prosperity of the Aptos ecosystem.
- Milestones with Deliverables + Timeline
APR 2018 - TrustToken launches the first regulated stablecoin fully backed by the US Dollar, TUSD
MAY 2018 - TUSD lists on Binance
SEP 2018 - Market cap exceeds $100 million
AUG 2019 - TUSD launches on Binance Chain
SEP 2020 - Market cap exceeds $500 million
JAN 2021 - TUSD partners with the crypto-friendly bank Silvergate
MAR 2021 - TUSD launches natively on Avalanche Chain
APR 2021 - TUSD launches natively on TRON Chain
JUN 2021 - TUSD breaks all-time market cap record at over $1.7 billion
JUN 2021 - TUSD Integrates with Signature Bank’s Blockchain-based Payments Platform, Signet™
AUG 2021 - TrustToken, the TUSD issuance platform and the operator of the lending protocol TrueFi, receives a $12.5 million investment from a16z, and Alameda, etc.
SEP 2021 - Simplex, a crypto payment service provider, fully integrates the TUSD stablecoin with support for fiat on- and off-ramp services.
OCT 2021 - TUSD announces the launch of the $1 billion Fountain Incentive Program to turbocharge the growth of various DeFi ecosystems
DEC 2021 - The total number of addresses with TUSD holdings exceeds 400,000, reaching 400,246
JUL 2022 - TUSD gets connected to the Optimism chain via the Optimism Bridge. At present, in addition to the four native public chains, TUSD has been successfully deployed on eight other public chains via cross-chain solutions.
OCT 2022 - TUSD is granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica effective on October 7th 2022.
To guide and manage the development and scaling up of TUSD as it evolves into an industry leading stablecoin, TUSD is led and advised by a dynamic team from a range of complementary backgrounds including those with extensive experience from reputable financial institutions, renowned IT firms and dynamic blockchain entrepreneurs.
- Official Website
In summary, TUSD hopes to communicate more with the Aptos community and would love to get your support. We look forward to hearing back from you and moving our collaboration further!