TrueUSD Landed on Fantom, Injecting New Impetus to Cross-chain Infrastructure Construction
The second half of 2021 has witnessed increased competition in the public chain race, where the emergence of Fantom sets off a new wave. As a bridge between traditional finance and DeFi markets, TrueUSD’s stability and transparency become even more evident over time. The prosperity of each public chain ecosystem cannot be achieved without the addition of other DeFi financial instruments. Meanwhile, TrueUSD completed its cross-chain deployment of Fantom in October 2021, bringing users a more convenient and efficient experience. Users can enjoy cross-chain transfer of TrueUSD assets between Ethereum and Fantom via AnySwap cross-chain bridge technology, which enables secure, fast and decentralized circulation among different chains.
TrueUSD is the first USD-pegged digital asset that is verified by an independent institution and provides 24/7 live on-chain attestations by Armanino, one of the largest US-based accounting firms, to ensure the 1:1 ratio of USD reserves to circulating token supply. Users can access the publicly available audit results via the official website trueusd.com at any time. So far, TrueUSD has been listed on more than 70 centralized trading platforms such as Binance, Huobi, Poloniex, and is live on well-known public chains such as Ethereum, TRON, Avalanche, BSC, HECO, Arbitrum, and Polygon, deeply engaging in the building of the DeFi ecosystem of each chain.
The deployment of TrueUSD in multiple ecosystems also enables faster and more efficient transactions for more users. By launching a variety of giveaway campaigns and incentive plans, TrueUSD has enriched user channels and helped users obtain more sustainable returns. With more and more public chains and project cooperation, the market cap of TrueUSD will gradually increase. At its peak, its market map exceeded 1.5 billion and the number of token holder addresses totaled over 300,000 across more than 120 countries.
As the world’s first high-performance decentralized network based on DAG technology and supporting smart contracts, Fantom will operate every transaction on the block chain through its automatic execution chain, providing users with faster, close-to-zero transaction costs. Fantom is also committed to improving the existing blockchain technology in terms of scalability and processing time. Through the development of cross-chain bridges, DEX, and NFT, the number of independent network addresses has surged in the Fantom ecosystem. The layout and development of different fields has endowed the Fantom ecosystem with more possibilities. It’s no wonder that the first collaboration between TrueUSD and Fantom has been well received by many users.
TrueUSD’s successful landing on Fantom is just the beginning of a splendid journey full of surprises! Let’s stay tuned for more that it has to offer!