Blockchain
BNB-Based Media BSCDaily Endorses TUSD as A Stablecoin
Singapore, Singapore–(Newsfile Corp. – June 9, 2022) – BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins. TUSD proudly sits on this list.
As a blue-ribbon stablecoin, TUSD leverages diverse mechanisms to help provide industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies.
The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.
Image Source: TrueUSD Figure 2
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/8506/127093_1bb5ef1de41a6b2e_003full.jpg.
“We are excited that we’ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,” Annabel Gan, Director of Marketing and Business Development at TrueUSD said. “Of course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.”
About TUSD
TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms. Users can access the publicly available audit results via the official website tusd.io at any time.
Website | Twitter(Truly) | Medium | Discord | Telegram | Telegram(Truly)
Media Contact
Annabel Gan
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127093
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
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Blockchain
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