Market share elevated by 238% in 2023

[PRESS RELEASE – Dubai, UAE, February 7th, 2024]

CoinMarketCap Analysis has launched a report on TrueUSD (TUSD), the USD-pegged stablecoin that gives reside, on-chain attestations of its reserves by unbiased, third-party accounting corporations.

The report highlighted that TUSD’s market share within the stablecoin sector has elevated by over 238%. In 2023, TUSD’s market share elevated from 0.53% to 1.79%, and TUSD’s whole market capitalization elevated from $799.31 million to $2.31 billion in that very same timeframe. This progress underlines the rising place out there.

The report additionally dives right into a key differentiator of TUSD’s transparency, with TUSD providing reside, on-chain attestations of the reserves backing the stablecoin. The reserve knowledge is compiled by an unbiased US-based accounting agency, The Community Agency LLP. The stablecoin can even obtain day by day attestations and reviews from MooreHK, the Hong Kong arm of main accounting agency Moore International, by the tip of January 2024. TUSD has additionally built-in Chainlink’s Proof of Reserve (PoR) know-how, making TUSD the primary USD-backed stablecoin to incorporate real-time verification of off-chain USD reserves.

Learn the complete report right here: https://coinmarketcap.com/academy/article/everything-you-need-to-know-about-trueusd-tusd

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