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 the first stablecoin integrated into the exchange, continuing the momentum from other exchange listings resulting in TrueUSD becoming the market-leader in fully-collateralized USD stablecoins.
[perfectpullquote align=”full” bordertop=”false” cite=”Republic Co-Founder and CEO, Taiyang Zhang ” link=”” color=”” class=”” size=””]“TrustToken provides institutional-grade products so it was clear that TrueUSD would be our stablecoin of choice. We couldn’t be more excited to formally announce our partnership, and believe this further represents a maturation of the decentralized ecosystem and both organizations’ offerings.”[/perfectpullquote]
[perfectpullquote align=”full” bordertop=”false” cite=”Tory Reiss, TrustToken co-founder” link=”” color=”” class=”” size=””]“When we designed TrueUSD, we anticipated that investors and traders would eventually seek the security of a USD stablecoin that allowed them to sleep at night knowing that their assets and their clients’ assets were not only backed by full USD reserves but also independently accounted for by reliable third parties. What we didn’t predict was the velocity at which investors and traders would flock to TrueUSD — this year we have established partnerships with some of the largest OTC desks, market makers, and traders.”[/perfectpullquote]
TrueUSD is a fully-collateralized, exchange-agnostic, and compliant USD-backed stablecoin that is available for trading on the world’s top exchanges. Each TrueUSD token is backed 1-for-1 with U.S. dollars. Every TrueUSD stablecoin is also redeemable 1-for-1 for U.S. dollars, making TUSD a reliable on-ramp and off-ramp for traders.
Republic Protocol is a decentralized network of dark nodes that use secure multi-party computation to match orders without exposing the price or volume of the orders. Dark pool exchanges powered by Republic Protocol can support large volume trades, with minimal price slippage and market impact, whilst guaranteeing that the rules of the dark pool cannot be broken.