Hello - I’m representing the TrustToken team and we’re currently in the process with TUSD, TCAD, TAUD, and TGBP.
For TUSD we’re just completing a smart contract upgrade and for the other three we’re in the process of being green-lit.
We’d appreciate your support!
Why are TrueCurrencies strong collateral for Maker?
Transparency: TUSD and the other TrueCurrencies are the only stablecoins with live attestations to corroborate tokens out in the market with dollars held in escrow. These attestations are facilitated by top accounting firm Armanino, LLP.
Reliability: Based on DeFi Score, TUSD on AAVE has the highest trust rating of any fiat-backed stablecoin currently listed on the platform.
Liquidity: TUSD is at over $280M in market cap at the time of writing, ranking as the 4th largest stablecoin after USDT, USDC, and DAI. It enjoys deep liquidity on both centralized and decentralized exchanges.
DeFi Adoption: TUSD has been listed on AAVE since 2019, currently ranks 3rd in market size among stablecoins on AAVE, and makes up 13.6% of AAVE’s total market size.
Largest AAVE markets at time of writing, sorted by Total Borrowed:
Access: TrueCurrencies are available through both 1st party and 3rd party fiat-to-crypto on-ramps, creating a new entry point for users that want to create CDPs. You can mint and redeem TrueCurrencies right here.