Blockchain
TUSD-am3CRV Pool Launches on Curve (Polygon) with the Gauge Feature
Singapore, Singapore–(Newsfile Corp. – April 28, 2022) – The TUSD-am3CRV pool has launched on Curve’s Polygon network with the gauge feature – which only seven pools on Curve’s Polygon network have – to distribute CRV rewards on April 1. The TUSD-am3CRV pool is supported on Curve’s Ethereum network as well.
(Data source: DeFiLlama, April 7, 2022)
To view an enhanced version of this graphic, please visit:
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This is not the first time TUSD has integrated with protocols on Polygon. Last November, TUSD launched on Balancer Polygon with a stablecoin pool to offer TUSD and BAL distributions to liquidity providers. The TVL of this pool was $116.9 million. TrueUSD on Polygon has over 31,600 transfers, and the entire supply exceeds 25.61 M TUSD.
The relationship between TUSD and Curve is long-standing. In the Ethereum ecosystem, the TVL in the TUSD-3CRV pool amounted to $80 million, higher than that of most other pools. Many leading applications have deployed their Polygon version due to Polygon’s high compatibility with Ethereum, its advantages in performance and cost, and the frequent small transactions.
The adoption of this proposal showcases the community’s recognition of TUSD’s value and marks a significant step forward on TUSD’s journey of multi-chain deployment. In response, some community members commented that stablecoins are pivotal to DeFi, and more quality stablecoins like TUSD are needed for lending protocols and DEXs to diversify their markets.
(Data source: Curve, April 7, 2022)
To view an enhanced version of this graphic, please visit:
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“As a crypto asset with low volatility, TUSD boosts the transparency and stability of various ecosystems and diversifies high-yield investment options for TUSD holders through partnerships with financial institutions, including exchanges and banks,” Annabel, Marketing and BD Director of TUSD, said.
TUSD is currently live on major public chains such as Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. TUSD will build itself into a multi-dimensional, secure, and convenient digital asset bridge to narrow the gap between the digital and the physical worlds.
About TUSD
TrueUSD (TUSD) is the first independently-verified digital asset pegged 1-for-1 to US Dollars. This stablecoin uses multiple banks, escrow accounts, and third-party attestations to reduce counterparty risk, provide transparency, and prevent fraud.
TUSD offers liquidity on dozens of leading exchanges, DeFi protocols and is supported by major OTC desks. TUSD also supports nearly instant minting and redemption speeds through the Silvergate Exchange Network (SEN) and PrimeX by PrimeTrust.
Media Contact
Annabel G
Marketing & BD Director of TrueUSD
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121995
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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