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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

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