True USD stablecoin team (TUSD) became partner of The Open Network blockchain project. The collaboration will allow users to quickly and securely transfer an asset to the TON network via the Orbit Bridge.
Big news for you! You are now able to bridge #TUSD to @ton_blockchain through @Orbit_Chain.
TUSD adds one more chain to its list, thus becoming one of the most accessible #StableCoins in the space.
— TrueUSD (@tusdio) March 27, 2023
According to the announcement, TUSD is available on a number of blockchains like Ethereum, TRON, BSC, Fantom and Polygon. The market capitalization of the “stablecoin” exceeds $2 billion. As a result of integration with Chainlink, the token uses the solution proof-of-reserves to confirm security.
The Orbit Bridge cross-chain platform was developed by the Korean company Ozys. The protocol allows the transfer of crypto assets to several networks, including Ethereum, BNB, Polygon, Klaytn, ICON and XRP.
“There are many public blockchains on the market, and they all hope that their ecosystems will be filled with liquidity. TUSD aims to become a means of payment for users. The partnership will not only add liquidity to TON, but also expand the use cases for the stablecoin,” said a representative of the coin project.
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