Interview With TrustToken Co-founder Rafael Cosman: Stablecoin Is A Gateway To Enter The Tokenized World

On May 15th, Bitpush.news gave an exclusive interview with TrustToken co-founder and engineering and product manager Rafael Cosman. Cosman talked about TrustToken's recent and planned launch of several stablecoins and the latest TrueUSD real-time fund verification platform, and shared the important role of stablecoin in cryptoassets.

TrustToken launched its well-known US dollar stablecoin TrueUSD(TUSD) in March last year, and earlier this year it launched stablecoins backed by British pound, Australian dollar and Canadian dollar. Cosman told Bitpush.news, "We will issue more stable coins in the future, and stablecoins backed by Euro and Hong Kong dollars will be launched in the second half of the year."

When asked why TrustToken wants to issue so many types of stable coins, Cosman reiterated his view at the New York Consensus Conference that "Stablecoin Is A Gateway To Enter The Tokenized World".

“Why one stablecoin is not enough? Because people want to hold different currencies. The tokenized assets are diverse, there are different kinds of assets that can be traded, and people need more channels to trade them in the market. In addition, stablecoins have many applications outside the crypto industry."

Cosman also said that "so far, people trust TrustToken and TrueUSD, that's why we  have a market volme of 230 million US dollars." He emphasized the TrueUSD real-time fund verification platform recently launched. Armanino, the top 25 independent accounting firm, creats and launches the platform as a third party. Users can visit the website to view TUSD's token balance and mortgage funds.

Cosman said that the market's rise in the past few weeks has also led to an increase in the market volume of main stablecoins. In fact, the volatility of  cryptocurrency market is good for stablecoins. Because investors tend to use stablecoins to deposit or withdraw in the exchange.

Author : Yihan, Liang CHE

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