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San Francisco, USA, December 15, 2022 by Chainwire
The TrueUSD team is pleased to announce the launch of a new product called TCNH, a stablecoin pegged 1:1 to the offshore Chinese Yuan (CNH). TCNH will be deployed on TRON, he one of the fastest growing public blockchains, where users can acquire, hold and trade tokens.
It is worth noting that TCNH is a stablecoin pegged to the offshore Chinese Yuan (CNH). By definition, offshore currencies are stored and traded outside the country of issue, but are not subject to financial regulation. It is often used as a foreign exchange reserve or for international investments and settlements. TCNH is secure and transparent. Like other TrueUSD products, TCNH complies with all relevant legal and technical requirements and has been audited by the world’s leading accounting firms.
TCNH provides new options for tens of millions of users on the TRON blockchain. This is the latest statement in our commitment to digitize traditional fiat currencies and further connect the crypto and real worlds. TCNH will be part of an increasingly diverse set of stablecoin services for global users.
Annabel Gunn, Director of Marketing and Business Development at TUSD, commented: We believe TCNH will further solidify our leading position in digital currency infrastructure and contribute to our efforts to build a trusted and decentralized global payments network. “
TCNH is a TRON-based stablecoin pegged 1:1 to the offshore Chinese Yuan (CNH). It is published by the TrueUSD team and is a sister product of TUSD. For more information, visit tusd.io/tcnh.
TrueUSD (TUSD) is the first digital asset with live on-chain verification from an independent third party, backed 1:1 with USD. So far, it has been listed on over 100 trading platforms such as Binance and Huobi, and operates on 12 mainstream public chains including Ethereum, TRON, Avalanche, BNB Chain, Fantom and Polygon. TrueUSD is real-time verified by Armanino, one of the largest US-based accounting firms, with a guaranteed 1:1 ratio of USD reserves to circulation token supply and a 100% collateralization rate. increase. Users can always access the publicly available audit results from the official website tusd.io. TUSD was granted statutory status as a licensed digital currency and medium of exchange in the Dominican Republic on October 7, 2022.
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Annabel Gunn [emailprotected]
