Singapore, Singapore, November 4, 2021,
TrueUSD, the first independently verified stablecoin exchangeable 1 for 1 for US dollars and the first participant in DeFi, has officially announced the launch of its Fountain Incentive Plan. This plan will serve as an incubator for projects with potential by bringing $ 1 billion worth of TrueUSD and other digital assets into DeFi ecosystems to boost their growth.
The project, named Fountain, to illustrate the idea of an endless flow, represents the constant injection of new momentum through DeFi ecosystems and projects with high potential.
Through the Fountain Incentive Plan, TrueUSD will fully support the ecosystems and DeFi projects of different public channels and stimulate the growth of quality projects through in-depth strategic cooperation. The TrueUSD team will also design exclusive cooperation programs tailored to various projects to maximize their strengths. In addition to financial support, TrueUSD will regularly organize various activities to foster full cooperation between ecosystems. Projects that wish to join the TrueUSD ecosystem will also benefit from the resources offered by TrueUSD’s strategic partners, paving the way for their entry into the DeFi 3.0 era.
In addition to lending protocols, decentralized trading platforms are also at the heart of TrueUSD’s development roadmap. To date, TrueUSD’s TVL in Curve has exceeded $ 41.5 million and reached $ 79.6 million in PancakeSwap, bringing substantial and stable liquidity to the protocols. On the TRON SUN.io-based stable coin exchange platform, TrueUSD performed equally well, with a TVL exceeding $ 180 million, representing 34% of the total locked value of the platform.
According to the latest statistics, the Total Locked Value (TVL) of TrueUSD reached $ 88.7 million on Compound and around $ 83.4 million on the AAVE protocol. Lending protocols and decentralized trading platforms are essential elements of the TrueUSD development roadmap. TrueUSD’s TVL topped $ 41.5 million on Curves and hit $ 79.6 million on PancakeSwap, bringing substantial and stable liquidity to the protocols. Finally, TrueUSD has performed equally well on the TRON-based stablecoin exchange platform with a TVL exceeding $ 180 million. TrueUSD is therefore over 34% of the total locked value (TVL) of the platform.,
Following the Fountain Incentive Plan, TrueUSD will also join other DeFi protocols to provide the necessary liquidity.
TrueUSD performance in DeFi projects (October 25)
In addition to our existing partners, we warmly welcome the participation of premium projects from other channels to join us and take the growth of our DeFi ecosystem to the next level!
Launched in January 2018, TrueUSD (TUSD) is the first digital asset with live on-chain attestations from independent third-party institutions and the first stablecoin backed 1: 1 with the US dollar. It has partnerships with authorized US banks, Silvergate Bank and Signature Bank, for instant deposits and withdrawals. It also leverages the Silvergate Exchange Network (SEN) and PrimeX by PrimeTrust to provide near instant token minting and redemption services.
TrueUSD provides its clients with a low-risk digital asset by providing transparency through partnerships with banks and audit firms as custodial accounts and third-party fund verification. It is audited in real time by Armanino, one of the largest accounting firms based in the United States, to ensure the 1: 1 ratio between the USD reserves and the supply of circulating tokens and the guarantee rate. of 100%. Users can access publicly available audit results at any time through the official trueusd.com website.
The booming stablecoins market has seen its total market capitalization surpass $ 127 billion this year. Meanwhile, TrueUSD’s market cap hit a new high of $ 1.52 billion in July.
Monthly TUSD trading volume on over 100 exchanges, including Binance, Huobi, OKEx, and Poloniex, reached billions of US dollars, with users from over 120 countries. In addition to centralized platforms, TUSD has also deployed in various DeFi ecosystems based on Ethereum, TRON, Avalanche, BSC and Heco, among other public channels, to provide liquidity and accelerate their growth.
Join the Fountain Incentive Plan by clicking on the link below:
Telegram (EN): @TUSDofficial_EN
Telegram (CN): @TUSDofficial_CN
- Annabel gan