HomeCryptoTrustToken: 5 stablecoins on the Binance Chain

TrustToken: 5 stablecoins on the Binance Chain

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 Tomasicchiohttps://cryptonomist.ch
As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist, and also PR manager for the Italian market at Bitget. She is also a marketing teacher at Digital Coach in Milan and she published a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector. As advisor, Amelia is also involved in metaverse-related project such as The Nemesis and OVER.