Subscribe to Our Newsletter
Monday June 27, 2022
Bitcoin (BTC) $21,247.00   Ether (ETH) $1,224.33
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
CryptoNinjas
Home Blockchain Assets

The Ocean to launch with USD-backed quote currency, TrueUSD

Published by CryptoNinjas.net
06/20/2018
The Ocean to launch with USD-backed quote currency, TrueUSD

The Ocean, a high-performance 0x-based Ethereum ERC20 token trading platform announced today partnership with TrustToken to deliver TrueUSD and fiat-to-crypto conversion to the DEX universe. Once The Ocean launches, users will be able to (1) trade Ethereum and other tokens against TrueUSD, and (2) receive priority in redeeming TrueUSD for US dollars through the TrueUSD fiat exchange app.

TrueUSD is collateralized 1:1 by dollars placed in US-domiciled and regulated banks. TrustToken never touches these funds. Instead, an open-source smart contract ensures a 1:1 parity between TrueUSD and USD. Finally, regular public attestations ensure that every TrueUSD token is backed by, and can convert back to real dollars.

The Ocean also revealed that its CEO John Piotrowski will serve as an advisor to TrustToken. Through this partnership, the overarching goal is twofold: to both accelerate the growth of trading tokenized assets of all types and expand cryptocurrency adoption worldwide — all on an institutional-grade trading platform that is low-risk in every sense.

“DEXs have the potential to revolutionize how we trade all types of financial value, and we respect the approach The Ocean is taking,” said Rafael Cosman, Co-founder, and CTO of TrustToken.

The Ocean team said, “Our philosophy revolves around crafting the paramount wallet-to-wallet trading experience. This ambition drives every design decision we make, especially who we partner with. At this moment, DEX adoption is hindered by a handful of critical user experience issues. Fiat-to-crypto options remain absent, making onboarding difficult and cumbersome.”

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

CODEX crypto exchange lists StableUSD (USDS) and TrueUSD (TUSD)

06/19/2019
codex usds usdt crypto exchange

CODEX, a crypto exchange based out of Estonia, today announced that after recent negotiation with the team of Stably, they have decided to list StableUSD (USDS). All USDS coins are backed one-to-one by the...

Read more

TrueUSD added as stablecoin for Republic’s RenEx crypto dark pool

09/29/2018
TrueUSD added as stablecoin for Republic’s RenEx crypto dark pool

TrueUSD and Republic Protocol, the dark pool protocol for trading large volumes of cryptocurrencies announced their partnership to bring TUSD to Republic’s first exchange, RenEx. TrueUSD will be the RenEx stablecoin of choice and...

Read more

Crypto exchange BitInka adds first stablecoin with TrueUSD support

09/24/2018
Crypto exchange BitInka adds first stablecoin with TrueUSD support

South American-based bitcoin and cryptocurrency exchange BitInka, today announced it has integrated TrueUSD (TUSD) as the first stablecoin available for trading on its exchange. TrueUSD is entirely collateralized and redeemable 1-for-1 with the U.S....

Read more

The Ocean goes live with its anticipated decentralized Ethereum trading platform

08/16/2018
The Ocean goes live with its anticipated decentralized Ethereum trading platform

Yesterday, The Ocean, the decentralized Ethereum and ERC20 token trading platform, opened to the public for live trading. At launch, The Ocean offers 11 token pairs available for trading. The launch tokens on The...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Input Output launches suite of sidechains for Cardano blockchain

Input Output launches suite of sidechains for Cardano blockchain

06/20/2022
Crypto-custodian Hex Trust welcomes approval for Dubai crypto-asset license

Crypto-custodian Hex Trust welcomes approval for Dubai crypto-asset license

06/21/2022
Crypto payment processor CoinPaid increases capital reserves to 5M EUR

Crypto payment processor CoinsPaid increases capital reserves to 5M EUR

06/20/2022
Polygon DAO integrates DiD service to prevent hostile takeovers and whales

Polygon DAO integrates decentralized ID service to prevent hostile takeovers and whales

06/22/2022
Crypto-gold exchange Vaultoro lowers fees, increases withdrawal limits

Crypto-gold exchange Vaultoro lowers fees, increases withdrawal limits

06/23/2022
CoinLoan integrates crypto analytics platform Elliptic to guard users from threats

CoinLoan integrates crypto analytics platform Elliptic to guard users from threats

06/23/2022
SithSwap raises $2.65M to build next-gen AMM on StarkNet

SithSwap raises $2.65M to build next-gen AMM on StarkNet

06/23/2022
Blockchain data platform Chainalysis introduces 'Crypto Incident Response Program'

Blockchain data platform Chainalysis introduces ‘Crypto Incident Response Program’

06/22/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy