TrueUSD Launches Fountain Incentive Plan Worth $1 Billion to Support the Development of DeFi Ecosystems
TrueUSD, the first independently-verified stablecoin digital asset redeemable 1-for-1 for US Dollars and early participant in DeFi, officially announced today the launch of its Fountain Incentive Plan today. This plane scheme will be used as an incubator for projects with potential by introducing $1 billion worth of TrueUSD and other digital assets to DeFi ecosystems to, further empower their growth.
The project, named Fountain to illustrate the idea of an endless flow, represents the constant injection of new impetus through the DeFi ecosystems and projects with high potential.
Fountain Incentive Plan — Powering the Well-Rounded Development of DeFi Ecosystems
Thanks to the Fountain Incentive Plan, TrueUSD will provide full support to the ecosystems and DeFi projects of different public chains and stimulate the growth of quality projects through in-depth strategic cooperation. The TrueUSD team will also devise exclusive cooperation schemes tailored to different projects to maximize their strengths. In addition to financial support, TrueUSD will organize a variety of activities on a regular basis to foster full cooperation among ecosystems. Projects that wish to join the TrueUSD ecosystem will also benefit from the resources offered by TrueUSD’s strategic partners, creating a full synergy.
In addition to funding support from TrueUSD, major developers and supporters of the ecosystem will also be actively engaged in the plan. They will provide financial support and other resources for quality projects, paving the way for their entry to the DeFi 2.0 era.
According to the latest statistics, the Total Value Locked (TVL) of TrueUSD has reached $88.7 million on Compound and approximately $83.4 million on the AAVE protocol. Lending protocols and decentralized trading platforms are the core elements of TrueUSD’s development roadmap. As of date, the TVL of TrueUSD has exceeded $41.5 million on Curve.fi and reached $79.6 million on PancakeSwap, bringing substantial and stable liquidity to protocols. TrueUSD has performed equally well on the TRON-based stablecoin swap platform with a TVL exceeding $180 million. TrueUSD therefor accounts for over 34% of the platform’s Total Value Locked (TVL).,
Following the Fountain Incentive Plan, TrueUSD will also join hands with other DeFi protocols to provide any needed liquidity.
Aside from our existing partners, we warmly welcome the participation of premium projects from other chains to join us in taking the growth of our DeFi ecosystem to the next level!
Launched in March 2018, TrueUSD (TUSD) is the first digital asset with live on-chain attestations by independent third-party institutions and the first stablecoin backed 1:1 with the U.S. dollar. It has partnerships with the licensed US-based banks, Silvergate Bank and Signature Bank, for instant deposits and withdrawals. It alsoleverages the Silvergate Exchange Network (SEN) and PrimeX by PrimeTrust to deliver near-instant token minting and redemption services.
TrueUSD provides its customers with a low-risk digital asset by ensuring transparency through its partnerships with banks and auditing firms as custodial accounts and third-party verification of funds. It is audited real-time by Armanino, one of the largest US-based accounting firms, to ensure the 1:1 ratio of USD reserves to circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website trueusd.com at any time.
The soaring stablecoin market has seen its total market cap topping $127 billion this year. In the meantime, the market cap of TrueUSD hit a new high of $1.52 billion this July.
As of now, the monthly trading volume for TUSD across over 100 exchanges including Binance, Huobi, OKEx, and Poloniex has reached billions of US dollars, with users from over 120 countries. In addition to centralized platforms, TUSD is also deployed in various DeFi ecosystems based on Ethereum, TRON, Avalanche, BSC, and Heco, among other public chains, to provide liquidity and accelerate their growth.
Join the Fountain Incentive Plan by clicking the link below:
Telegram (EN): @TUSDofficial_EN
Telegram (CN): @TUSDofficial_CN