Express

Chainlink Provides On-chain Proof of Reserves For TrustToken's TUSD

Mary Liu

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

Last Update:

Tags: ,,,
Link: Chainlink Provides On-chain Proof of Reserves For TrustToken's TUSD   [Copy]
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 2 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 4 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 6 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 7 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 9 days ago
  • You need to login to comment.