December 15, 2022 – San Francisco, California
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 one-to-one.
TCNH shall be deployed on one of many quickest rising public blockchains, TRON, the place customers can receive, maintain and commerce the token.
It’s price noting that TCNH is a stablecoin pegged to offshore Chinese language yuan (CNH). By definition, offshore currencies are saved and traded outdoors the issuing nation whereas not topic to its monetary rules.
They’re usually used as overseas change reserves or for worldwide investments or settlements. TCNH is protected 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’s the newest manifestation of our dedication to digitizing conventional fiat currencies and additional connecting the crypto world with the actual world. TCNH will turn into part of more and more various stablecoin choices for international customers.
Annabel Gan, director of promoting and enterprise growth at TrueUSD, stated,
“We’ve seen that monetary markets like Hong Kong are transferring in direction of turning into a world hub for digital currencies, so our merchandise are consistently evolving.
“We imagine that TCNH will additional cement our main place in digital forex infrastructure and contribute to our effort of constructing a reliable and decentralized international cost community.”
About TCNH
TCNH is a TRON-based stablecoin pegged to offshore Chinese language yuan (CNH) at one-to-one It’s issued by the TrueUSD group and a sister product of TUSD. For extra info, please go to the web site.
About TUSD
TrueUSD (TUSD) is the primary digital asset with reside on-chain attestations by unbiased third-party establishments and is backed one-to-one with USD.
To date, it has been listed on greater than 100 buying and selling platforms reminiscent of Binance and Huobi and is reside 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 one-to-one ratio of its USD reserve to the circulating token provide and the 100% collateral fee.
Customers can entry the publicly accessible audit outcomes through the official web site at any time. TUSD was granted statutory standing as licensed digital forex and medium of change within the Commonwealth of Dominica on October 7, 2022.
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Contact
Annabel Gan, director of promoting and enterprise growth at TrueUSD
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