We’re excited to announce the launch of TrueUSD, a stablecoin that you can redeem 1-for-1 for US dollars.

TrueUSD offers token-holders full collateral, regular attestations of escrowed balances, and legal protections against misappropriation of underlying USD.

Early access is available today for institutional accounts, hedge funds, traders, and exchanges.

We believe TrueUSD will provide a long-awaited stable trading instrument for cryptocurrency traders, and enables consumers and businesses to use a cryptocurrency as a medium of exchange.

“I’ve eagerly awaited the launch of a transparent and regulatory compliant stablecoin. TrueUSD will make it easier for BlockTower to trade cryptocurrency across exchanges. BlockTower are proud investors in and advisers to TrustToken. We’re likely to also be early users of their ‘killer app’ collateralized stablecoin, TrueUSD.” - Ari Paul, BlockTower Capital

The Need For Stable Cryptocurrencies

The price volatility of cryptocurrencies prevents their widespread adoption.

In the mainstream economy, most businesses still find it impractical to use digital currencies. In the decentralized economy, many decentralized applications will be difficult or impossible without a basic medium-of-exchange token.

Bitcoin Volatility, Jan 2016– Jan 2018

The Need for Trustworthy Currency Backing

Cryptocurrency exchange Tether holdings (January 23, 2018)

Tether is currently the largest fiat-collateralized cryptocurrency. At the time of writing, there are over $1.63 billion of Tether in circulation, but there are no up-to-date audits to verify that those funds are available for redemption. Additionally, Tether holders have no legal guarantee that Tethers can be redeemed for traditional currency.

Protocols, decentralized apps and exchanges relying on the current solution are at risk. Ultimately, token holders need currency backing that they can trust.