Bitrue, one of the leading digital asset management platforms announced the TRON-based TUSD is now available for deposits and withdrawals.
🚨$TUSD is now available for deposits and withdrawals on the #TRC20 network! @tusdio
Trading will remain chain agnostic and you can withdraw on any supported chain, regardless of whichever you use to deposit
Try it now 👇https://t.co/rcROzWYI8J pic.twitter.com/zYJ6sqSNwg
— Bitrue (@BitrueOfficial) November 15, 2022
The added deposit and withdrawal function for TRC20-TUSD will allow users to withdraw on other supported chains regardless of the blockchain used to deposit the stablecoin.
The TRON-based TUSD has been one of the four popular stablecoins on the TRON blockchain.
What is TUSD?
TrueUSD (TUSD) is a USD-pegged cryptocurrency otherwise known as a stablecoin and they are the world’s most transparent stablecoin, fully collateralized, and independently attested live on-chain.
🎉The average daily transfer volume of #stablecoins on #TRON network reached $11,887,625,503 (2022.11.04-2022.11.10)! #USDD #USDT #USDJ #TUSD #USDC pic.twitter.com/rFzPaMxiIL
— TRONSCAN (@TRONSCAN_ORG) November 11, 2022
TrueUSD is the first stablecoin created on the TrustToken Platform and all TUSD users are provided with regular attestations of escrowed balances, full collateral, and legal protection against the misappropriation of the underlying USD.
The TRC20-TUSD was launched on the TRON blockchain on April 2021 and it adopts the fungible-token-friendly TRC20 standard, which is almost the same as ETHTRON and BTCTRON.
Every TUSD token would be a bridge to convert value between fiat money and digital currency.
What is Bitrue?
Bitrue is a digital asset management platform from Singapore and it was launched in 2018. The exchange was founded by a group of blockchain enthusiasts and aims to provide a safe and convenient service for cryptocurrency trading and be the best aggregator of qualified cryptocurrencies in the market.
The exchange provides support to over 250 cryptocurrencies with competitive trading fees compared to other exchanges. Aside from the digital asset trading services they provide, they also have futures trading platforms, loans, and high-interest yield farming and staking.
As mentioned on their website, Bitrue also has a Senior Management team from Capital One and website security experts represent the apex of their professions at the international level and assure their users of a safe and stable high-performance trading platform.
TRC20-TUSD has been one of the popular stablecoins on the TRON blockchain and a lot of the top cryptocurrency exchanges and platforms continue to prefer supporting TRC20-based stablecoins due to their fast transaction speeds and low fees which most users are looking for.
For more news and updates, see Tron Spark.