San Francisco, United States, fifteenth December, 2022, Chainwire
We’re thrilled to announce that the TrueUSD group is launching a brand new product known as TCNH, which is a stablecoin pegged to Offshore Chinese language Yuan (CNH) at 1:1. TCNH might be deployed on one of many quickest rising public blockchains, TRON, the place customers can get hold of, maintain, and commerce the token.
It’s value noting that TCNH is a stablecoin pegged to Offshore Chinese language Yuan (CNH). By definition, offshore currencies are saved and traded exterior the issuing nation whereas not topic to its monetary laws. They’re usually used as overseas trade reserves, or for worldwide investments or settlements. TCNH is secure and clear. Like different TrueUSD merchandise, TCNH complies with all related authorized and technical necessities and is audited by world-leading accounting companies.
TCNH gives a brand new possibility for tens of tens of millions of customers on the TRON blockchain. It is the newest manifestation of our dedication to digitizing conventional fiat currencies and additional connecting the crypto world with the true world. TCNH will change into part of more and more various stablecoin choices for world customers.
Annabel Gan, TUSD Director of Advertising and marketing and Enterprise Improvement, commented “We have seen that monetary markets like Hong Kong are shifting in direction of changing into a world hub for digital currencies so our merchandise are always evolving. We consider that TCNH will additional cement our main place in digital forex infrastructure and contribute to our effort of constructing a reliable and decentralized world fee community.”
TCNH is a TRON-based stablecoin pegged to Offshore Chinese language Yuan (CNH) at 1:1. It’s issued by the TrueUSD group and a sister product of TUSD. For extra info, please go to tusd.io/tcnh.
TrueUSD (TUSD) is the primary digital asset with dwell on-chain attestations by unbiased third-party establishments and is backed 1:1 with USD. To this point, it has been listed on greater than 100 buying and selling platforms resembling Binance and Huobi, and is dwell on 12 mainstream public chains together with Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of many largest US-based accounting companies, to make sure the 1:1 ratio of its USD reserve to the circulating token provide and the 100% collateral price. Customers can entry the publicly accessible audit outcomes through the official web site tusd.io at any time. TUSD was granted statutory standing as licensed digital forex and medium of trade within the Commonwealth of Dominica on October seventh 2022.
Annabel Gan, [email protected]