TrueUSD, Signature Bank and Partners Integrate Signet Platform

TrueUSD has partnered with New York-based Signature Bank, integrating with the latter's blockchain-based payment platform, Signet. The stable TrueUSD coin TUSD will be integrated into the payment platform to provide instant cash transactions for commercial customers. TrueUSD and Signature Partnership Enable Instant Trade Settlement TUSD is the first US dollar equivalent digital asset. Users are assured of transparency through live, on-chain Proof of Reserves independently verified by a leading US accounting firm. There are currently around $1.4 billion worth of TUSD in circulation. The partnership between TrueUSD and Signature Bank allows the latter to offer customers access to TUSD coin. “TrueUSD was founded to bring reliable financial opportunities to the world,” said Jennifer Jiang, President of TrueUSD. The integration into Signature Bank's Signet platform is a monumental milestone in the growth and adoption of TUSD as a dollar-backed digital currency. Our integration with Signet gives global TUSD customers another secure real-time payment option.” TrueUSD Brings Trade Transparency to Global Partners TrueUSD is the first independently verified digital asset that can be converted to 1-to-1 USD. The multi-chain stablecoin uses a variety of banks, escrow accounts, and third-party certificates to reduce counterparty risk, provide transparency, and prevent fraud. Every TUSD token is fully collateralized and validated on the live chain, now moving billions of dollars in monthly trade volume between over 100 global trading partners. Rafael Cosman, CEO of TrustToken, creators of TUSD, said: “Our mission has always been to increase financial opportunities for everyone, and TUSD's new partnership with Signature Bank does just that by giving the most transparent digital dollar to more people and Giving TUSD users. A new way to pay directly on Signet is an important step in increasing accessibility to TUSD

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