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TUSD Announces Integration with BNB Chain as a Native Token

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Singapore, Singapore–(Newsfile Corp. – April 14, 2023) – TrueUSD (TUSD), a leading stablecoin provider, announced its deployment as a native token on BNB Smart Chain. This groundbreaking integration marks a significant milestone in TUSD’s multi-chain expansion strategy. It sets the stage for its further integration into the BSC (BNB Smart Chain) ecosystem.

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“Individual and institutional clients can now mint and redeem native BSC-TUSD through the TUSD website. It leverages the benefits of BNB Chain’s fast execution, minimal fees, and compatibility with various decentralized applications (DApps),” says the Head of Marketing at TUSD.

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BNB Chain is a community-driven, decentralized and censorship-resistant ecosystem powered by the BNB token. It consists of BNB Beacon Chain for governance and BNB Smart Chain (BSC) for EVM-compatible development, which facilitates the multi-chain ecosystem. It has processed 3 billion transactions to date from 200 million unique addresses, bringing developers massive user access with ultra-low gas fees. The ecosystem has more than 1,400 active dApps across multiple categories such as DeFi, Metaverse, blockchain games, and NFT.

As the world’s first stablecoin to offer 24-hour live on-chain attestation, TUSD has established itself as an industry leader with transparency, security, and stability. By partnering with multiple banks and institutions, TUSD enables holders to mint and redeem tokens 24/7. In addition, TUSD was the first USD-backed stablecoin to integrate with Chainlink and employ Proof of Reserves to secure its minting.

TUSD has pursued a multi-chain approach in recent years. It provides a stable and sufficient liquidity to various DeFi ecosystems, which bolsters their infrastructure. The stablecoin is now native to several blockchains, including Ethereum and TRON. It has been deployed on over ten public chains. Top crypto exchanges such as Binance, Huobi, Poloniex, and OKX have supported deposits and withdrawals for various TUSD offerings. This streamlined participation in multiple blockchain ecosystems for TUSD holders.

The launch of native BSC-TUSD builds on TUSD’s extensive partnership with the BNB Chain ecosystem.

TrueUSD remains committed to bridging the gap between the crypto world and the real world by continuously exemplifying transparency, security, and robustness. As TUSD expands its use cases and introduces more market-oriented options, users can expect lower costs and better transaction experience.

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About TrueUSD

TrueUSD (TUSD) is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with USD. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi, and is live on 10+ mainstream public chains including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. TrueUSD is attested in real-time by The Network Firm LLP, an independent, industry-specialized accounting firm in the U.S., to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. With the integration of Chainlink PoR, TrueUSD becomes the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability. Users can access the relevant data via the official website tusd.io at any time. TUSD was granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica on October 7th 2022.

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Media Contact
Annabel Gan
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/162384

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Crypto Price Predictions: Comprehensive BlockchainReporter Platform Helps Cryptocurrency Investors Stay Ahead Of Market Volatility

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Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto

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 The highly anticipated Blockchain Futurist Conference, Canada’s Largest Web3 Event, is set to return for its sixth year to Toronto this August 13-14, 2024, with a focus on Artificial Intelligence as a core theme. This year’s event promises to offer sessions, panels, and sub-events centered around AI, highlighting how these technologies are transforming Web3 and reshaping our world. The dedicated AI segment is scheduled for Wednesday, August 14, 2024, and is accessible with all conference passes.

AI and Web3 technologies are rapidly converging to create a future that promises to revolutionize the digital landscape. AI’s ability to analyze vast amounts of data, and automate complex processes, complements Web3’s decentralized and transparent framework. This integration enables more secure, and equitable solutions across various sectors.

At this year’s event, attendees can hear from top industry leaders in AI such as:

  • Anthony Di Iorio, Founder, Ethereum, Decentral, Andiami

  • Ben-Zion Benkhin, CEO, WOMBO

  • Ashley Nandan, Google Canada, Startups

  • Ari Juels, Chief Scientist, Chainlink Labs

  • Christopher Johnson, Developer, Bad Idea AI

  • Trevor Koverko, Co-Founder, Sapien

  • JD Seraphine, CEO, Raiinmaker

  • Breeze Liu, Founder & CEO, Alecto AI

  • Christopher Obereder, Investor, Startup Chris Ventures

  • Adam Benzine, Creator & Oscar®-Nominated Filmmaker

AI Futurist Conference will also host multiple sponsors dedicated to AI organizations, such as Inference Labs, a Gold Sponsor at this year’s event.

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Inference Labs specializes in developing advanced infrastructure and products for AI on Web3. Their lab focuses on AI inference interoperating on the blockchain, an essential step for building a future where anyone can access AI without counterparty risk.

Ron Chan, Co-Founder of Inference Labs, and a visionary entrepreneur dedicated to pioneering the future of Decentralized AI had this to say:

“In all my years navigating tech cycles, I have never witnessed the level of developer interest in Artificial Intelligence that we see today. We’re at an inflection point where Internet traffic is roughly split 50/50 between humans and machines. I firmly believe that inference will soon become the dominant form of Internet traffic.”

With two decades of experience as a serial entrepreneur, Ron Chan has successfully navigated the ever-evolving tech industry, leading multiple technology and infrastructure startups to successful exits. His expertise spans architecting data centers, defense projects, and developing mission-critical civil aviation applications, showcasing his versatility and adeptness in managing complex, high-stakes ventures.

Futurist Conference will also host multiple sub-events and meetups for the AI community throughout the venue on both days. These include:

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  • Crypto x AI Book Signing: Ari Juels, Chief Scientist of Chainlink Labs and author of “The Oracle,” will discuss Crypto x Artificial Intelligence on the Main Stage, followed by a book signing.

  • AI Ethics Roundtable: A critical exploration of the ethical implications of AI and the transformative role of Web3 technologies.

  • AI Web3 & Robotics for Kids: A fun and interactive workshop for kids to learn about AI and Web3, with hands-on experience with robots.

  • Robots Live Onsite: Witness jaw-dropping innovations in action and experience the thrill of future technologies before your eyes.

Futurist Conference aspires to be more than just an event; it aims to create a future world within a conference, immersing attendees in the cutting-edge technologies that will shape tomorrow. By offering interactive experiences, and live demonstrations, the conference allows participants to see, feel, and engage with the latest advancements in AI, Web3, and beyond.

Futurist Conference is the perfect place for these industries to convene, providing a unique platform for thought leaders, innovators, and enthusiasts to explore the transformative potential of AI and Web3 technologies. Get ready to step into the future this August.

The post Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto appeared first on HIPTHER Alerts.

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Blockchain

Digital Payment Market to Surpass USD 21.83 Trillion by 2031 | Skyquest Technology

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