Seamless Transactions on BNB Chain
Both individual and institutional customers can now mint and redeem native BSC-TUSD tokens via the TUSD website. The integration with BNB Chain offers rapid execution, minimal fees, and compatibility with a wide range of decentralized applications (DApps), as stated by TUSD’s Head of Marketing.
A Thriving Ecosystem for DApps
BNB Chain is a decentralized, community-driven, and censorship-resistant blockchain that is fueled by the BNB token. Its structure includes the BNB Beacon Chain for governance and the BNB Smart Chain (BSC) for EVM-compatible development, fostering a multi-chain ecosystem. The platform has processed over 3 billion transactions from 200 million unique addresses, granting developers vast user access and incredibly low gas fees. The ecosystem supports more than 1,400 active DApps across categories such as DeFi, Metaverse, blockchain games, and NFTs.
TrueUSD’s Commitment to Transparency and Stability
As the first stablecoin with 24-hour live on-chain attestation, TUSD has set the industry standard for transparency, security, and stability. Through collaborations with multiple banks and institutions, TUSD allows users to mint and redeem tokens 24/7. TUSD was also the first USD-backed stablecoin to integrate with Chainlink and use Proof of Reserves for secure minting.
Multi-chain Strategy and DeFi Support
In recent years, TUSD has adopted a multi-chain approach, supplying stable and ample liquidity to various DeFi ecosystems and strengthening their infrastructure. TUSD is now native to multiple blockchains, including Ethereum and TRON, and has been deployed on over ten public chains. Top cryptocurrency exchanges like Binance, Huobi, Poloniex, and OKX have enabled deposits and withdrawals for diverse TUSD offerings, streamlining participation for TUSD holders in multiple blockchain ecosystems.
BSC-TUSD: A Step Forward
The introduction of native BSC-TUSD builds upon TUSD’s extensive partnership with the BNB Chain ecosystem. TrueUSD remains dedicated to bridging the gap between the cryptocurrency world and the real world by consistently demonstrating transparency, security, and resilience. As TUSD extends its use cases and adds more market-driven options, users can anticipate reduced costs and improved transaction experiences.
What is TrueUSD?
TrueUSD (TUSD) is the first digital asset to feature live on-chain attestations from independent third-party institutions, backed 1:1 with USD. To date, it has been listed on over 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. Learn more by visiting the official website, tusd.io.
What is the significance of TUSD becoming a native token on BNB Chain?
This integration represents a crucial milestone in TUSD’s multi-chain expansion strategy and sets the stage for further integration into the BNB Smart Chain ecosystem.
How can users mint and redeem native BSC-TUSD tokens?
Users can mint and redeem native BSC-TUSD tokens through the TUSD website, benefiting from the fast execution, minimal fees, and compatibility with various DApps on the BNB Chain.
What does TUSD’s multi-chain approach entail?
TUSD’s multi-chain strategy involves providing stable and sufficient liquidity to various DeFi ecosystems, thereby strengthening their infrastructure. TUSD is now native to multiple blockchains, including Ethereum and TRON, and has been deployed on over ten public chains.
How does TrueUSD maintain transparency, security, and stability?
TrueUSD is the first stablecoin to offer 24-hour live on-chain attestation, ensuring a 1:1 ratio between its USD reserve and the circulating token supply. It has integrated with Chainlink and uses Proof of Reserves for secure minting, further enhancing transparency and reliability.