TrustToken Introduces Proof of Reserve for TUSD Stablecoin in Collaboration With Chainlink and Armanino
With the support of Armanino and Chainlink, TUSD becomes the world’s first stablecoin with live, on-chain attestations
TrustToken is utilizing our existing, independent real-time attest provider, Armanino, to push trusted data on-chain via leading oracle network, Chainlink, to power the trust and risk measures that DeFi and future on-chain uses require.
TrustToken is proud to continue our leadership in standards for stablecoin transparency through independent, real-time attestations of fiat reserves. Now, for the first time, this collateral data is consistently accessible directly on the blockchain.
Through a collaboration with ) is one of the 25 largest independent accounting and business consulting firms in the nation. Armanino provides an integrated set of audit, tax, business management, consulting and technology solutions to companies in the U.S. and globally. The firm helps clients adapt and change in every stage of business, from startup through rapid growth to the sale of a company.
Armanino emphasizes smart technology, leading a cloud revolution of financial, operational, sales and compliance tools that are transforming the way companies do business. The firm extends its global services to more than 100 countries through its membership in Moore Global, one of the world’s major accounting and consulting membership organizations. In addition to its core consulting and accounting practices, Armanino operates its division, AMF Media Group (www.amfmediagroup.com), a media and communications services agency. Its affiliate, Intersect Capital (www.intersectcapitalllc.com) is an independent financial planning, wealth and lifestyle management firm.
Chainlink is the most widely used and secure way to power universal smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
Chainlink is trusted to deliver definitive truth by hundreds of organizations to provide continuous, reliable data feeds. To learn more, visit chain.link and follow @chainlink on Twitter.
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