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Chainlink Provides On-chain Proof of Reserves For TrustToken's TUSD
Summary: Stablecoin issuer TrustToken announced a partnership with Chainlink to provide on-chain proof of reserves for its stablecoin TrueUSD (TUSD). Joining another partner Armanino LLP, Chainlink's integration allows it to extract data from Armanino’s TrustExplorer API and make data available on-chain. App developers can formulate preventive measures to prevent partial reserve banking or other potential Red ...
Stablecoin issuer TrustToken announced a partnership with Chainlink to provide on-chain proof of reserves for its stablecoin TrueUSD (TUSD). Joining another partner Armanino LLP, Chainlink's integration allows it to extract data from Armanino’s TrustExplorer API and make data available on-chain. App developers can formulate preventive measures to prevent partial reserve banking or other potential Red flags, then strengthen transaction transparency and provide DeFi traders with more certainty.
By Mary Liu
Tags: Chainlink,proof of reserves,TrustToken,TUSD
Link: Chainlink Provides On-chain Proof of Reserves For TrustToken's TUSD [Copy]
