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
bybit lucky
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.
-
Blockchain5 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain6 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain Press Releases5 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain5 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain3 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain6 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain4 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain Press Releases5 days agoGOLFIN Revolutionizes Golfing Experience with First Golf2Earn Platform
