TUSD Attends Binance Blockchain Week as a Diamond Sponsor

News release by TUSD

Singapore | November 16, 2023 12:14 PM Eastern Standard Time

Binance Blockchain Week 2023 took place in Istanbul, Turkey from November 7-8. Themed on empowering the next billion with the future of Web3, this year's gathering focuses on how blockchain and cryptocurrencies can financially empower a billion more users around the globe. The event brought together a diverse group of top blockchain experts worldwide to discuss market dynamics in trending areas such as Web3, DeFi, and stablecoins, providing a wealth of expertise and investment insights. TUSD was invited to the conference as a top-tier Diamond Sponsor.

The prospects and challenges currently faced by stablecoins came to be one of the spotlights at the conference. At the Main Stage discussion titled "Unlocking Value and Stablecoin Adoption in Asia", the guest speakers analyzed the current state and future prospects of stablecoin trading in the Asia Pacific region, while acknowledging the immense potential of stablecoins to transform the future of crypto finance. The global community has come to recognize the significance of the Web3 industry, with the Asia-Pacific region particularly stressing it as a key sector for future development. Countries and regions such as Hong Kong, Japan, and Singapore are enacting laws and providing official guidance to support the growth of their local crypto economies, and stablecoins have garnered substantial attention. Being a burgeoning epicenter for crypto development, Turkey wholeheartedly embraces crypto payments dominated by stablecoins. Now, the fluctuating exchange rate of Turkish lira has troubled the Turkish people. But stablecoins not only provide stability in value but also utilize blockchain technology for settlements, thereby reducing costs. Thus, some people believe that stablecoins can effectively alleviate this predicament and make people's lives easier.

In recent years, TUSD has focused on developing multi-chain versions to inject stable and high-quality liquidity into various DeFi ecosystems, while also embracing market trends by enhancing blockchain technology adoption in real-world payments. This provides various projects with reliable crypto options and propels crypto payments. Various projects have accepted TUSD as a major payment option, including Web3 shopping platform UQUID, the crypto-friendly travel-booking platform Travala.com, and CryptoWallet.com, a one-stop shop for crypto transactions. As of now, TUSD is available on over 100 digital asset exchanges and an assortment of DeFi platforms across the globe. It has a total supply of 3,334,570,520 and 409,172 holder addresses, ranking fourth among all stablecoins in the market.

A TUSD spokesperson noted, “As the world’s first dollar-pegged stablecoin that is attested live on-chain by an independent third party, TUSD strives to become the go-to choice for global crypto payment and transfers services by lowering payment costs and offering more use cases.”

About TUSD

TrueUSD (TUSD) is the first digital asset attested live on-chain by an independent third-party institution and pegged at 1:1 to the U.S. dollar. It has been listed on 100+ trading platforms such as Binance and HTX, and is live on 10+ mainstream public chains including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon.TUSD is attested in real-time by The Network Firm LLP, an independent and industry-specialized certified public accountant (CPA) firm, and integrated with Chainlink's industry-leading Proof of Reserve to secure minting and further ensure transparency and reliability. TUSD was granted by the government of Commonwealth of Dominica statutory status as authorized digital currency and medium of exchange on October 7, 2022.

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