Carbon, a fintech company in New York City focused on developing user-friendly payment solutions for the blockchain industry, is pleased to launch the first FDIC-insured fiat-backed stablecoin on TRON. The collaboration is a step with TRON’s mission to enable low-friction payments for in-app purchases on TRON.
TRXD on TRON is a compliant, frequently audited stablecoin that is one-to-one backed by USD deposits held in FDIC-insured accounts.
“We are excited to collaborate with all partners to launch user-friendly stablecoins on TRON,” said Justin Sun, founder of TRON and CEO of BitTorrent. “These are important milestones for making TRON more accessible to mainstream users.”
Users can now purchase and redeem TRXD on TRON via the Carbon website, or additionally through wherever Carbon’s modular fiat on / off ramp product, Fiber, is integrated. Deposit methods include ACH and wire transfers, with various new payment methods soon.
“Our goal is to build products that people use. TRON shares an unwavering loyalty to both growth and adoption,” said Sam Trautwein, co-founder and CEO of Carbon. “We’re excited to join forces to bring stability to a more mainstream audience in launching a fully fiat-backed stablecoin on TRON.”
Carbon is a FinTech company building a more efficient and inclusive financial system through distributed ledger technology and Artificial Intelligence. The company’s initial product is a price-stable cryptocurrency called CarbonUSD that is live on the TRON, EOS, Telos, and Ethereum public blockchains.
Investors include General Catalyst, FirstMark, DCG, and Plug and Play among others.
Learn more about Carbon at:
TRON is dedicated to accelerating the decentralization of the Internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the company has delivered a series of achievements, including Mainnet launch on May 2018, network independence on June 2018, and TRON Virtual Machine launch on August 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services.
Learn more about TRON at: