Blockchain
TrueUSD’s 2021 in Review: Partner with Public Chain Ecosystems and Builder of Compliant, Transparent Finance
Singapore, Singapore–(Newsfile Corp. – January 24, 2022) – TrueUSD announces its 2021 review. The stablecoin market experienced explosive growth in 2021. The total supply of U.S. dollar-pegged stablecoins soared to 388%, from $29 billion at the beginning of the year to more than $140 billion. Stablecoin usage also reached an all-time high: the adjusted annual trading volume of stablecoins exceeded $5 trillion in 2021, a year-on-year increase of over 370% compared to that in 2020.
As a stablecoin pegged to the U.S. dollar, TrueUSD boasted a supply to the tune of $1.5 billion in 2021 at its peak. It also made breakthroughs in multi-chain deployment, partnerships with banks and DeFi ecosystem projects, and other aspects. Let’s take a look back at TrueUSD’s achievements in 2021.
I. Partnership with banks: 24/7 minting and redemption service
After entering into a partnership in 2021 with Silvergate Bank, a licensed U.S.-based bank, TrueUSD leveraged the Silvergate Exchange Network (SEN) to deliver near-instant token minting and redemption services.
TrueUSD also collaborated with Signature Bank to realize instant deposit and withdrawal by integrating its stablecoin TUSD into Signature Bank’s Signet, a blockchain-based digital payment platform through which TUSD users have access to real-time payment and settlement services.
II. Multi-chain deployment: a compliant, transparent USD-pegged stablecoin for public chains and their DeFi ecosystems
Throughout 2021 “DeFi” was a keyword for TrueUSD. It partnered with major public chains, including TRON, Avalanche, Fantom, and Polygon, to introduce more transparency and stability to the world of public chains and their DeFi ecosystems while allowing TUSD holders to have more investment options that bring higher earnings.
Among TrueUSD’s DeFi partners, PancakeSwap and Balancer (Polygon), which offered liquidity incentives, was the most popular, and the Gold Shovel Mining campaign with HECO also received significant attention. TUSD holders could earn easy rewards by providing liquidity to LP pools and participating in TUSD lending. Moreover, it is worth noting that TrueUSD invested 1 million TUSD into its partnership with PancakeSwap as bonuses that added to users’ earnings.
In addition to its partnerships, TrustToken also introduced the collateral-free lending product TrueFi, one of the first products that allow users who have passed credit model-based checks to borrow TUSD with no collateral. TrustToken, the operator of the lending protocol TrueFi and stablecoin TUSD, raised a total of $12.5 million, with BlockTower Capital, Andreessen Horowitz (a16z), and Alameda Research leading the round by purchasing TrueFi’s native token TRU.
III. Collaboration with exchanges: mounting support for TUSD holders
TrueUSD has established partnerships with more than 100 exchanges, including larger well-known exchanges such as Binance, Huobi, and Poloniex.
Among its partner exchanges, Binance, FTX, and Bittrex have supported the deposits and withdrawals of ERC20-TUSD, while those of TRC20-TUSD are available on Huobi, Poloniex, Gate.io, and MEXC. As more users opt for stablecoins as safe-haven assets and a payment instrument, TrueUSD has continued to expand cooperation with crypto exchanges, enabling TUSD deposits and withdrawals for a broader audience. This has offered users greater convenience and more options.
Figure 2
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IV. TUSD activities: stablecoins as top picks for safe-haven seekers
To survive in a volatile market requires safe-haven assets, and stablecoins become the best option. Grasping the market trend, TrueUSD held asset management activities such as Huobi Savings and HODL on Huobi, Bibox, and Poloniex, providing users with easy, flexible, and high-yield giveaway campaigns and additional rewards. These campaigns won huge attention from users upon rolling out and brought them generous rewards.
V. OTC markets: higher trading flexibility
It is well known that OTC trading has a significant advantage in terms of trading flexibility and is a powerful complement to the market. Furthermore, on September 26, 2021, crypto payment processor Simplex integrated stablecoin TrueUSD (TUSD) with fiat on- and off-ramp services, allowing users to use a debit card or a credit card to purchase TUSD via Simplex, which further enhanced the flexibility of trading.
VI. A new record high: TrueUSD’s market cap topping $1.5 billion
2021 witnessed TrueUSD’s remarkable progress in public chain, DeFi, and exchange cooperation, which fueled the sharp increase of its market cap. Coinmarketcap’s stats show that the market cap of TrueUSD hit $1.5 billion on June 10; the number of TUSD holder addresses passed the 400K mark on December 27. These figures speak volumes to TrueUSD’s achievements, made possible with community users’ continued support.
Figure 3
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VII. TrueUSD’s mascot: TrueBull made its debut
On October 25, TrueBull, TrueUSD’s mascot, made its debut. As an IP merch to engage more users to learn about TrueUSD, the lovely TrueBull also represents our bull run expectations.
TrueUSD also announced the launch of the $1 billion Fountain Incentive Program to turbocharge the growth of various DeFi ecosystems. The scheme will be used to incubate projects with potential by introducing TrueUSD and other digital assets worth $1 billion to DeFi ecosystems, further powering the growth of ecosystems. Automated market-making protocol Balancer (Polygon), listed TUSD, where it is the most profitable TUSD stablecoin pool. Therefore, the launch of the incentive pools of TrueUSD will surely bring more traffic to Polygon and Balancer while offering users in the ecosystem more stablecoin options.
Besides, TrueUSD held multiple AMAs in Telegram communities with its partners such as FilDA and Polygon, which is a sweet spot to help users better understand TrueUSD and clarify their questions.
In 2021, TrueUSD became a heavyweight in the blockchain industry with its edges in stability, transparency, and compliance. Moreover, its exploration of different public-chain ecosystems and efforts in the DeFi field have prepared TrueUSD for a glittering 2022.
In 2022, TrueUSD will closely follow the industry trend by giving full play to its strengths. While scaling up cooperation with major exchanges, public chains, and their DeFi ecosystems, we will explore more innovative use cases of TrueUSD to offer greater value for users.
Website: https://trueusd.com/
Twitter: https://twitter.com/tusd_official
Medium: https://trueusd.medium.com/
Telegram (EN): @TUSDofficial_EN
Telegram (CN): @TUSDofficial_CN
Contact
Peggy Yue
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111410
Welcome to Blocks & Headlines, your daily deep-dive into the most impactful movements in blockchain technology and the cryptocurrency sector. In today’s edition, we unpack five major stories that illuminate trends in funding, sustainability, payment innovation, banking collaborations, and technical interoperability—all vital signposts for developers, investors, and Web3 enthusiasts. Here’s what’s on the docket:
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Camp Network’s New IP-Focused Testnet
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Blockchain for Sustainable Packaging
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Meta’s Blockchain-Based Payment System Plans
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Mocse Credit Union Joins Metal Blockchain’s Innovation Program
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Apex Fusion on the Urgency of Blockchain Defragmentation
Through concise reporting, opinion-driven analysis, and SEO-optimized insights—featuring keywords like blockchain, cryptocurrency, Web3, DeFi, and NFTs—we’ll explore how these developments shape the next wave of decentralized finance, enterprise adoption, and mass onboarding.
1. Camp Network Launches Testnet for IP-Focused Blockchain
What Happened:
Camp Network has unveiled its long-anticipated testnet following a $30 million funding round led by leading crypto VCs. This new network is tailored for intellectual property (IP) asset tokenization, aiming to streamline rights management and royalty payments via smart contracts.
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Technical Highlights:
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Modular Consensus: Hybrid PoS/PoA consensus that allows IP rightsholders to validate transactions.
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On-Chain Licensing: Smart contracts enabling programmable licensing terms, automated royalty splits, and revocable access controls.
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Interoperability: Bridges to Ethereum and Polygon enable seamless asset transfers and liquidity provisioning.
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Analysis & Implications:
By focusing on IP tokenization, Camp Network addresses a glaring gap in current NFT platforms, which often lack robust legal-framework integration. This specialization could catalyze:
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New Revenue Models: Musicians, authors, and inventors can fractionalize royalties, unlocking liquidity and democratizing investment in creative works.
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Institutional Adoption: Traditional publishers and studios may pilot tokenized licensing, accelerating blockchain’s entrée into regulated industries.
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Secondary Markets: With on-chain licensing data, marketplaces can enforce provenance and anti-fraud measures more effectively.
Camp Network’s testnet success will hinge on developer tooling, legal partnerships, and gas-fee economics. Should it deliver a smooth UX and clear ROI for rightsholders, it could set a new standard for Web3 IP infrastructure.
Source: The Block
2. Blockchain as a Sustainable Packaging Game-Changer
What Happened:
A recent report explores how blockchain can revolutionize sustainable packaging by delivering end-to-end supply-chain transparency. The solution combines on-chain tracking of materials, IoT sensor data for carbon footprint measurement, and tokenized incentives for recycling.
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Key Components:
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Immutable Traceability: Each packaging component is logged on a public ledger, enabling consumers to verify sustainable sourcing.
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Carbon Credit Tokens: Brands earn tokenized credits when they hit recycling targets, tradable on carbon-market DAOs.
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Consumer-Facing Apps: QR-code scanning interfaces reveal environmental impact metrics and reward programs.
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Analysis & Implications:
Integrating blockchain with sustainable packaging tackles greenwashing and fragmented reporting. The ability to tie physical materials to on-chain records introduces:
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Enhanced Accountability: Brands face real-time public scrutiny of ESG claims, improving trust and regulatory compliance.
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Market Mechanisms: Carbon credit tokens linking packaging to broader DeFi ecosystems incentivize circular economy behaviors.
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Consumer Engagement: NFTs or loyalty tokens tied to sustainable purchases could accelerate brand loyalty in eco-conscious demographics.
This convergence of blockchain, IoT, and token economics exemplifies how decentralized technologies can underpin not only financial systems but also planetary stewardship.
Source: Yahoo Finance
3. Meta Plans New Blockchain-Based Payment System
What Happened:
Meta is reportedly developing a blockchain-powered payment network to underpin its digital wallet ambitions, aiming to facilitate low-fee remittances, in-app purchases, and peer-to-peer transfers across Facebook, Instagram, and WhatsApp.
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Proposed Features:
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Cross-Border Settlements: Utilizing stablecoins pegged to major fiat currencies to avoid volatility.
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Layer-2 Scalability: Built atop an Ethereum Layer-2 or a proprietary chain to ensure sub-second confirmation times and minimal fees.
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Regulatory Compliance: On-chain KYC/AML checks integrated via permissioned sidechains.
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Analysis & Implications:
Meta’s push into blockchain payments could reshape the competitive landscape:
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Crypto On-Ramp: With 3 billion+ monthly users, built-in wallet functionality could massively expand mainstream cryptocurrency adoption.
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Disintermediation Risk: Traditional payment processors and remittance services face margin compression as Meta internalizes transaction flows.
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Regulatory Scrutiny: Centralized control of a global payments network raises data-privacy and antitrust questions, likely attracting significant oversight.
If Meta balances decentralization ethos with compliance demands, it could serve as a blueprint for other Big Tech firms eyeing Web3 integration.
Source: Dig.watch
4. Mocse Credit Union Joins Metal Blockchain’s Banking Innovation Program
What Happened:
Mocse Credit Union has signed on to Metal Blockchain’s Banking Innovation Program, a consortium designed to accelerate pilot projects in tokenized lending, fractional deposits, and programmable savings accounts.
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Program Benefits:
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Sandbox Environment: Regulatory-compliant testbeds for tokenized asset experiments.
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API Integrations: Plug-and-play modules for KYC, smart-contract auditing, and fiat-crypto on-ramps.
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Co-Innovation Workshops: Joint labs with fellow financial institutions and DeFi projects.
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Analysis & Implications:
This partnership signals the banking sector’s growing willingness to explore blockchain beyond hype:
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Tokenized Deposits: By issuing interest-bearing stablecoin equivalents, credit unions can attract a new demographic of digitally native savers.
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Risk Management: Sandboxed pilots allow institutions to evaluate smart-contract risks without exposing core systems.
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Interoperable Finance: Aligning legacy banking with DeFi rails can unlock hybrid products—e.g., flash loans collateralized by insured deposits.
Such collaborations could spearhead a wave of embedded finance offerings, blurring the lines between centralized and decentralized banking infrastructures.
Source: Newswire
5. Apex Fusion: Defragmenting Blockchain for Mass Adoption
What Happened:
In an op-ed, Apex Fusion argues that blockchain interoperability and defragmentation are critical prerequisites for mainstream Web3 uptake. The piece advocates standardized cross-chain messaging protocols, unified identity layers, and aggregated liquidity pools.
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Core Proposals:
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Protocol Neutral Messaging: A universal middleware to transmit value and data across disparate chains.
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Decentralized Identity (DID): A shared credential framework enabling seamless dApp logins without wallet-hopping.
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Liquidity Hubs: Cross-chain Automated Market Makers (AMMs) that pool assets to reduce slippage and gas friction.
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Analysis & Implications:
A fragmented blockchain ecosystem hinders user experience and developer efficiency:
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Onboarding Friction: New users face wallet complexity, chain-switching hassles, and inconsistent UX across apps.
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Capital Inefficiency: Isolated liquidity silos lead to higher trading costs and limit DeFi yield optimization.
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Developer Overhead: Building multichain dApps requires fragmented toolkits and disparate security audits.
Solving these challenges through interoperable frameworks will be pivotal for DeFi, NFT, and enterprise Web3 solutions to scale beyond niche audiences. Apex Fusion’s recommendations may inform upcoming standards efforts by bodies like the Blockchain Governance Initiative Network (BGIN).
Source: Euro Weekly News
Conclusion
Today’s blockchain developments reflect a maturing industry at the crossroads of innovation and integration:
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Specialized Networks: Camp Network’s IP testnet showcases niche use-cases driving targeted blockchain deployments.
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Sustainability & Token Economics: Linking environmental impact to on-chain incentives demonstrates blockchain’s potential in non-financial arenas.
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Big Tech Entry: Meta’s payment ambitions could accelerate global crypto adoption while raising regulatory stakes.
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Banking Collaboration: Programs like Metal Blockchain’s underscore financial institutions’ appetite for safe, regulated Web3 experimentation.
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Interoperability Imperative: As Apex Fusion highlights, defragmentation and cross-chain standards are essential for seamless UX and liquidity flow.
As blockchain weaves deeper into finance, supply chains, and digital ecosystems, the future hinges on striking the right balance between decentralization, compliance, and user-centric design. Stay tuned for tomorrow’s Blocks & Headlines where we continue to chronicle the pulse of Web3 innovation.
The post Blocks & Headlines: Today in Blockchain – May 9, 2025 appeared first on News, Events, Advertising Options.
Blockchain
Bitget Blockchain4Youth sostiene l’innovazione del Web3 e dell’IA all’hackathon “Build with AI” di Google Developer Group
Bitget, società Web3 e uno dei principali exchange di criptovalute, ha ottenuto un riscontro significativo in occasione del recente hackathon “Build with AI”, tenutosi dal 2 al 5 maggio 2025 presso la Constructor University. Spingendosi oltre la semplice sponsorizzazione, l’iniziativa Blockchain4Youth di Bitget ha coinvolto attivamente più di 130 studenti di talento.
L’evento, organizzato dai Google Developer Groups (GDG) on Campus, ha offerto a Bitget uno spazio dinamico per entrare in contatto diretto con gli innovatori tecnologici di nuova generazione. Nel corso di una presentazione dedicata, è stato introdotto il programma Blockchain4Youth Builder, che mostra l’impegno di Bitget nel formare giovani talenti all’interno dello spazio del Web3. Questa partecipazione evidenzia l’approccio lungimirante di Bitget nell’integrare la formazione in materia di blockchain con i settori emergenti come l’IA, riconoscendo il loro potenziale combinato.
Gli studenti hanno lavorato alla creazione di modelli basati sull’IA e di prodotti in fase iniziale utilizzando gli strumenti avanzati di Google, mentre la presenza di Bitget ha offerto una prospettiva unica su come la blockchain possa migliorare ed essere integrata nelle soluzioni di IA. Questa interazione con il mondo reale ha fornito preziose indicazioni agli studenti, colmando il gap tra conoscenze teoriche e applicazione pratica all’interno del panorama tecnologico in rapida evoluzione.
“La formazione rimane un principio fondamentale della nostra missione e, attraverso iniziative come Blockchain4Youth, intendiamo fornire alle nuove generazioni le competenze necessarie non solo per esplorare, ma anche per plasmare attivamente questo settore dinamico”, ha commentato Vugar Usi Zade, COO di Bitget. “Collaborare con comunità come il Google Developer Group offre una base preziosa per connettersi con talenti di spicco e aiutarli nel percorso di utilizzo della blockchain per creare soluzioni di impatto. Blockchain4Youth continuerà a espandere la sua portata, favorendo la crescita dei futuri leader del Web3 in grado di cogliere le numerose opportunità offerte da questa tecnologia”.
Il coinvolgimento mostrato all’hackathon “Build with AI” di GDG è un elemento chiave del più ampio programma Blockchain4Youth di Bitget, l’iniziativa aziendale dedicata alla Responsabilità Sociale d’Impresa (RSI). Questo programma mira a favorire la prossima generazione di leader Web3 attraverso opportunità formative ed esperienze pratiche.
Tra le iniziative più recenti del programma Blockchain4Youth c’è il lancio del Graduate Program di Bitget, concepito per reclutare i migliori laureati nel settore blockchain e Web3. Inoltre, l’espansione del programma Bitget Builders continua a fornire agli individui più promettenti del Web3 un’esperienza diretta attraverso gli eventi offline, i programmi formativi e la crescita strategica della community.
A proposito di Bitget
Fondata nel 2018, Bitget è una società Web3 tra i principali exchange di criptovalute al mondo. Con oltre 100 milioni di utenti in più di 150 Paesi e aree geografiche, l’exchange Bitget si impegna ad aiutare gli utenti a fare trading in modo più smart con la sua pionieristica funzione di copy trading e altre soluzioni di trading.
The post Bitget Blockchain4Youth sostiene l’innovazione del Web3 e dell’IA all’hackathon “Build with AI” di Google Developer Group appeared first on News, Events, Advertising Options.
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