Yes and about time they did.
https://www.bloomberg.com/news/articles/2023-03-15/trueusd-operator-tusd-moves-1-billion-in-stablecoin-reserves-to-capital-union?leadSource=uverify%20wall15 March 2023 at 13:46 GMT
The operator of the world’s fifth-largest stablecoin has moved $1 billion in reserves backing the token to a bank in the Bahamas, as digital-asset firms continue to seek alternative homes for their cash following the collapse of several crypto-friendly lenders in the US.
Archblock, which oversees the roughly $2 billion in reserves backing its TrueUSD stablecoin, now holds more than $1.4 billionhttps://www.businesswire.com/news/home/20220922005665/en/TrustToken-Rebrands-as-Archblock-to-Modernize-Global-Financial-Infrastructure-Under-New-LeadershipThe Future of Archblock’s Family of Products
Since its inception in 2017, TrustToken has launched two major products: TrueCurrencies, with TrueUSD becoming one of the top five stablecoins with over a billion dollars in market cap; and TrueFi, the first DeFi protocol to facilitate uncollateralized lending and now becoming the home for real-world lending on-chain with almost $2 billion in loan originations.
Alongside Archblock’s refined focus, the TrueFi DAO will take full responsibility for the protocol’s development, token design, and messaging.
https://www.archblock.com/Moving institutions onto modern financial infrastructure
Archblock is a decentralized alternatives marketplace built on TrueFi's open, transparent and immutable financial infrastructure.
Archblock offers globally accessible, diversified investment opportunities.
Pioneered by Archblock: Truefi TrueFx
https://twitter.com/Archblock_Building the world’s most transparent and efficient asset management platform.
Formerly @TrustToken. Incubated DeFi protocol @TrueFiDAO and stablecoin @tusdio
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Guys this is huuuge, ive been saying this for weeks now...but only now im realizing its even bigger than i first thought.
Archblock, the guys that just moved a $bill of TUSD and are issuers of TUSD
https://www.archblock.com/Moving institutions onto modern financial infrastructure
Archblock is a decentralized alternatives marketplace built on TrueFi's open, transparent and immutable financial infrastructure.
Archblock offers globally accessible, diversified investment opportunities.
Pioneered by Archblock:Truefi TrueFx
Archblock is is using TRUEFI's decentralized immutable financial infrastructure
TRU is the native token of the project. The current use cases for TRU include:
Governance: TRU holders directly influence the future of the protocol through on-chain voting.
Staking Yield: TRU stakers earn token incentives and a share of protocol revenue for providing lenders partial coverage against default.
Undercollateralized lending: borrowers are able to stake TRU to improve their borrowing limit or terms.
but what is TRUEFX?.....
TRUEFX is a stablecoin basket built on all five TrueCurrencies
We all know Binance is looking into non usd stablecoins aswell....i think i may have found them all....
TRUEFX
A stablecoin basket built on all five TrueCurrencies
TrueUSDMarket cap
$ 2,025,741,995
Etherscan
Github
CoinMarketCap
CoinGecko
Mint & Redeem
Token address
0x0000000000085d4780B73119b644AE5ecd22b376
TrueGBPMarket cap
£ 10,217,608
Etherscan
Github
CoinMarketCap
CoinGecko
Mint & Redeem
Token address
0x00000000441378008ea67f4284a57932b1c000a5
TrueAUDMarket cap
A$ 10,421,014
Etherscan
Github
CoinMarketCap
CoinGecko
Mint & Redeem
Token address
0x00006100F7090010005F1bd7aE6122c3C2CF0090
TrueCADMarket cap
CA$ 2,811,124
Etherscan
Github
CoinMarketCap
CoinGecko
Mint & Redeem
Token address
0x00000100F2A2bd000715001920eB70D229700085
TrueHKDMarket cap
HK$ 3,405,785
Etherscan
Github
CoinMarketCap
CoinGecko
Mint & Redeem
Token address
0x0000852600ceb001e08e00bc008be620d60031f2
Guess CZ was right...
TRU should not be related to TUSD...TRU is much bigger
im now loading up to the max on TRU.
oooouch on the stops just getting wrekt there on the 1min...they gona wake up real sad.
Cant be any clearer than this....
TrustToken (now Archblock)
4,393 followers
5mo
Starting today, TrustToken (now Archblock) is now Archblock
Our focus: products and services designed to bring institutional lenders & asset managers on-chain, using TrueFi infrastructure.
We welcome Ryan Christensen as Archblock's new CEO, and thank Rafael Cosman for his years of service incubating DeFi's leading credit protocol TrueFi, and popular stablecoins including TrueUSD, now moving billions globally each month.
Rafael will continue to serve on Archblock's board, and as a TrueFi DAO contributor.
TrueFiDAO will act independently, led by DAO & Foundation.
Archblock will still support TrueUSD and our other TrueFX products.
https://lnkd.in/eXEdmZnBArchblock
344 followers
5mo
Archblock, formerly TrustToken (now Archblock), moves institutions onto modern financial rails, with a mix of products & services built to take advantage of the transparency, efficiency & accessibility provided by TrueFi.
We welcome Ryan Christensen as Archblock's new CEO, and say thank you for Rafael Cosman's years of work incubating DeFi's leading credit protocol TrueFi (now under the direction of its DAO), and TrueUSD, a top 10 stablecoin moving billions of dollars globally each month.
Rafael will continue to serve on Archblock's board.
Read on for our official announcement:
https://lnkd.in/eGE6Wt3EThis is why Binance research reported about RWAs last week which included TRU...
cross margin trading ,futures and a few other things just for TRU,...listed on CB and all exchanges
TRU is gonna be a beast.
Time to learn.
https://www.youtube.com/watch?v=x__6k6BwTFcHash Rate - Ep 011 - Rafael Cosman of TrueFi & TrustToken
https://www.forbes.com/sites/leeorshimron/2023/03/16/tokenized-real-world-assets-are-bringing-new-yield-opportunities-to-defi/Mar 16, 2023,
Private-equity firm Hamilton Lane partnered with Securitize, a digital asset issuance platform, to tokenize a portion of its $2.1 billion flagship equity fund on the Polygon network. The fund requires a minimum investment of $20,000, far below the typical minimum buy-in of $5 million for private-equity investors.
Hamilton Lane is one of the largest private-equity managers, having invested over $37 billion in private markets in 2021. It manages $824 billion of assets.
Similarly, the Monetary Authority of Singapore (MAS) announced Project Guardian, a pilot program to tokenize bonds and deposits that can be used in various DeFi strategies.
A bank participating in the program would be able to tokenize bonds and deposits that could be used within permissioned liquidity pools. This capital could be lent out on DeFi applications such as Aave and Compound to earn interest, or serve as collateral to access credit. The pilot has enlisted JPMorgan, DBS Bank and Marketnode as initial partners.
When aggregating seven of the largest RWA private credit blockchain protocols, historical loan value equals $4.2 billion and active loans stand at $456 million. These protocols use DeFi to provide private loans to businesses and include Maple, Centrifuge, Goldfinch, Credix, TrueFi, Clearpool and Ribbon Lend. They offer an average APR of 12.63%.
[moderator's note: consecutive posts merged]