TrueUSD, a leading stablecoin provider, has announced plans for an international transition of its management services in line with the industry trend of global expansion. TrueUSD has been a trusted stablecoin during recent market volatility and disruption to the US banking sector. The expansion and transition of TrueUSD's operations were part of its acquisition plan in 2020, and the conditions are now appropriate to begin the next phase of portfolio review, consolidation and growth.
TrueUSD remains committed to serving all members of its global community while aligning itself with the development of the stablecoin sector against continued disruptions to the banking system and ongoing regulatory uncertainty. TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with USD.