[PRESS RELEASE – Singapore, Singapore, 4th November 2021]
TrueUSD, the first independently-verified stablecoin redeemable 1-for-1 for US Dollars and early participant in DeFi, has officially announced the launch of its Fountain Incentive Plan. This plan will be an incubator for potential projects by introducing $1 million worth of TrueUSD to DeFi ecosystems in order to further support their growth.
Fountain is a project that illustrates the idea of an infinite flow. It represents the constant infusion of new energy through DeFi ecosystems and projects of high potential.
TrueUSD’s Fountain Incentive plan will support ecosystems and DeFi projects from different public chains. It will also encourage the growth of quality projects through strategic cooperation. To maximize the strengths of each project, the TrueUSD team will devise unique cooperation schemes. TrueUSD will organize regular activities to promote full cooperation between ecosystems. TrueUSD’s strategic partners will provide resources to help projects join the TrueUSD ecosystem, paving the way to their entry into the DeFi 3.0 era.
TrueUSD’s development roadmap also includes decentralized trading platforms. TrueUSD’s TVL in Curve has surpassed $41.5 million. It has also reached $79.6 millions in PancakeSwap. This provides substantial and stable liquidity for protocols. TrueUSD did equally well on the TRON-based stablecoin trading platform SUN.io. Its TVL exceeded $180 million and accounts for 34% of its total value.
The latest statistics show that TrueUSD’s Total Value Locked (TVL), has reached $88.7 Million on Compound, and $83,4 Million on AAVE protocol. TrueUSD’s development roadmap is based on lending protocols and decentralized trading platform. TrueUSD’s TVL has exceeded $41.5million on Curves, and $79.6million on PancakeSwap. This enables protocols to have substantial and stable liquidity. TrueUSD’s performance on the TRON-based stablecoin exchange platform has been equally impressive with a TVL of more than $180 million. TrueUSD accounts for more than 34% of the platform’s Total Value Locked, (TVL) with a TVL exceeding $180 million. TrueUSD will now join forces with other DeFi protocols in order to provide liquidity.
Performance of TrueUSD across DeFi Projects (October 25, 2005)
We are open to partnering with other chains, and we welcome premium projects from all kinds.
TrueUSD (TUSD), launched in January 2018, is the first digital asset to have live on-chain verifications by third-party institutions. It also marks the first stablecoin that is 1:1 backed with the U.S. Dollar. For instant withdrawals and deposits, it has agreements with Silvergate Bank and Signature Bank which are licensed US banks. It also uses the PrimeX by PrimeTrust and Silvergate Exchange Network (SEN), to provide near-instant token minting, redemption and services.
TrueUSD offers its customers a low-risk digital asset. It does this by working with banks and auditing companies to ensure transparency and third-party verification. Armanino, a US-based accounting firm, audits it in real time to ensure the 1:1 ratio between USD reserves and circulating token supply. The official website trueusd.com allows users to access audit results at any time.
Click the link below to join the Fountain Incentive Plan
Marla Brooks – Financial Analysis
My name is Marla Brooks, and I am the mainstream behind the”observednews.com” for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.