January Monthly Report

TrueUSD
2 min readFeb 8, 2022
Monthly Report Poster by TrueUSD

DeFi:

1. On January 6, TUSD was successfully deployed on the Cronos network, with more cooperation in DeFi between two sides on the horizon. In addition, DeFi Wallet under Crypto.com now supports CRC20-TUSD;

2. On January 7, Annex, a decentralized currency market that supports TUSD lending on BSC, announced its support of TUSD deposit and lending on Cronos;

3. On January 11, MakerDAO launched a new proposal of including TUSD to PSM in its community;

4. On January 13, the incentive campaign of boosting the liquidity of TUSD x SpookySwap was still underway. Users who provided liquidity to the TUSD-USDC pool can be rewarded with BOO tokens. The APR of the Stable Pool is as high as 29.96% and the TVL $9,070,47;

5. On January 13, the APY of the TUSD vault on Beefy Finance (Fantom version) reached 38.27%, with a TVL of $19.60M;

6. On January 18, Multichain (Anyswap) added a new cross-chain functionality of TUSD between BSC and Fantom;

7. On January 27, ACryptoS added a TUSD-related Stablecoin LP pool. Users can provide liquidity to the USTw-MIM-TUSD-BUSD-USDT pool at a ratio of 1:1:1:1. Stablecoins are traded with a low transaction fee and an APY ranging from 20% to 30%;

Exchanges:

1. On January 13, KuCoin enabled multi-chain deposits and withdrawals of TUSD, including that of TRC20-TUSD and AVAX-TUSD;

2. On January 20, TrueUSD and OKEx launched the “Stake To Win” campaign with the respective lockup period of 15 and 30 days and APR of 30% and 10%.

Activities:

1. On January 5, TrueUSD released 2021 TrueUSD Milestones, covering its achievements in multi-chain deployment, DeFi, and partnerships with banks. It boasted a total of over 400K TUSD holder addresses and hit a record high with a market cap topping $1.5 billion;

2. On January 17, TUSD launched a campaign in partnership with Travala.com, where ten users will selected and rewarded with 200 TUSD and 200 traveling points;

3. On January 20, TUSD held an AMA in Snowball’s Telegram community;

4. On January 27, TUSD held an AMA in OKEx’s official English community, where Alison Alexandre, TUSD’s BD manager, answered users’ questions;

5. On January 29, TUSD launched a New Year’s Red Packet Giveaway campaign in celebration of the Year of the Tiger. 22 winners were selected to grab a share of 300 TUSD.

--

--

TrueUSD

TUSD is the world’s most trusted stablecoin, fully backed by USD and independently attested live and on-chain, now moving billions of dollars around the world.