Audited stablecoin TUSD inks partnerships with five major digital banks as LP rewards spike
TrueUSD , the first-ever stablecoin pegged to the U.S. Dollar that is audited in real-time, shares the details of its recent integrations with top-tier crypto-friendly banks.In 2021-2022, TrueUSD has established itself as a reliable and secure asset for digital transactions; as such, its list of integrations has added new partnerships.Since June 2021, the TrueUSD team has collaborated with Signature Bank, a New York-based full-service commercial bank.
One of the first crypto-friendly banks, Silvergate, has also added TrueUSD to its payment mechanisms. Its Silvergate Exchange Network leverages U.S.-pegged stablecoin for its online minting, redemption and settlement services.U.S.-incorporated Prime Trust banking conglomerate added TrueUSD token to its PrimeX platform, while First Digital Trust, a private trust listing company, uses TUSD in its minting and redemption operations offered to retail clients.
Besides banking integrations, the TrueUSD team announced that APY rates on some staking products with TUSD accomplished two-digit levels. For instance, on Tron-based DeFi protocol SunSwap, the TUSD-TRX pool offers up to 12% in APY. Beefy Finance, a decentralized yield optimization protocol on BNB Chain , offers up to 11.2% in APY for single-asset TUSD liquidity providers.
As covered by U.Today previously, TrueUSD stablecoin is permanently audited by high-profile firm Armanino.
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