Vladislav Sopov
Novel single-asset and double-asset liquidity pools with TUSD stablecoin offer double-digit APYs
Continue reading U.TODAY
Google news
Contents
- TrueUSD (TUSD) integrated by five fintech heavyweights
- The APYs for TrueUSD (TUSD) products are increasing at SunSwap and Beefy Finance
TrueUSD (TUSD), the first-ever USD-pegged stablecoin with real-time auditing, shares the details of its recent integrations with top-tier crypto-friendly banks.
TrueUSD (TUSD) integrated by five fintech heavyweights
In 2021-2022, TrueUSD (TUSD) has established itself as a reliable and secure asset for digital transactions; Therefore, new partnerships have been added to the list of integrations.
Image by TrueUSD
Since June 2021, the TrueUSD (TUSD) team has partnered with Signature Bank, a full-service commercial bank based in New York. Namely, TUSD is added to SignNet, a native payment network launched by Signature Bank. It provides the technical basis for near-instant internal and cross-border transfers.
One of the first crypto-friendly banks, Silvergate, has also added TrueUSD to their payment mechanisms. Its Silvergate Exchange Network (SEN) uses US-pegged stablecoins for its online minting, redemption and settlement services.
US-based banking conglomerate Prime Trust added TrueUSD (TUSD) tokens to its PrimeX platform, while First Digital Trust, a private trust company, uses TUSD in its minting and redemption operations offered to retail customers.
The APYs for TrueUSD (TUSD) products are increasing at SunSwap and Beefy Finance
Last but not least, NYDFS-regulated digital banking giant BitGo, headquartered in Palo Alto, California, began offering custody services for TUSD, adding the token to its multi-signature wallets and enabling seamless in-wallet TUSD -Purchases. No fees are charged to those who buy TUSD on BitGo.
Aside from bank integrations, the TrueUSD team announced that APY rates for some staking products hit double digits with TUSD. For example, the TUSD TRX pool on Tron-based DeFi protocol SunSwap offers up to 12% in APY.
Beefy Finance, a decentralized yield optimization protocol on BNB Chain (formerly Binance Smart Chain), offers up to 11.2% in APY for single-asset TUSD liquidity providers.
As previously reported by U.Today, TrueUSD (TUSD) stablecoin is under constant scrutiny by top-tier firm Armanino.
Therefore, his team is promoting TUSD as the most transparent digital asset in the USD-pegged stablecoin segment.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.