🚨 International Monetary Fund (IMF) warns stablecoins are only as strong as their reserves
Says weak backing or volatile assets could trigger bank-run risks https://t.co/PrLc9kcGdn
🚨 International Monetary Fund (IMF) warns stablecoins are only as strong as their reserves
Says weak backing or volatile assets could trigger bank-run risks https://t.co/PrLc9kcGdn
🚨 BREAKING: 🇬🇧The Bank of England says it’s open to revising its proposed stablecoin rules after industry pushback.
Officials are reconsidering limits and reserve requirements for pound-backed stablecoins.
BULLISH FOR MARKETS 🚀 https://t.co/01K6mjmc2i
🇺🇸 ADOPTION: Florida’s Senate passed SB 314 in a 37–0 vote to establish a regulatory framework for stablecoin issuers. https://t.co/AldzvsV812
TrueUSD is a USD-backed ERC 20 stablecoin that is fully collateralized, legally protected, and transparently verified by third-party attestations. TrueUSD uses multiple escrow accounts to reduce counterparty risk and to provide token-holders with legal protections against misappropriation. TrueUSD is the first asset token built on the TrustToken platform. TrustToken is a platform to create asset-backed tokens that you can easily buy and sell around the world. For example, gold to gold tokens or dollar to dollar tokens.