TrustToken: 5 stablecoins on the Binance Chain
TrustToken: 5 stablecoins on the Binance Chain

TrustToken: 5 stablecoins on the Binance Chain

By Amelia Tomasicchio - 8 Aug 2019

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TrustToken has created 5 new stablecoins based on the Binance Chain blockchain and pegged to the dollar (USD), pound (GBP), Australian dollar (AUD), Canadian dollar (CAD) and Hong Kong dollar (HKD) respectively.

These stablecoins are called TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD.

TrustToken CEO and co-founder Jai An stated:

“We are proud to be bringing TrustToken’s family of stablecoins to the Binance ecosystem. Our goal is to provide more users with easy access to stablecoins they can trust. Binance has shown a continued commitment to building great products that users can rely on — we are excited to be building on Binance Chain!”

Obviously, all five of these new stablecoins will be listed on Binance, in particular on the DEX, “expanding the options for users to move between cryptocurrencies and bank accounts around the world“, as can be read in the official post on Medium published by TrustToken a few hours ago.

At the beginning of June, Binance and TrustToken announced their partnership established “to make purchasing and redeeming stablecoins both easy and secure“, as Binance CEO Changpeng Zhao explained at the time.

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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