TrueUSD to Launch as Official USD-backed Quote Currency on The Ocean (DEX)
TrustToken is pleased to announce that TrueUSD (TUSD) will be the official USD-backed quote currency for the launch of The Ocean exchange! The Ocean is a high performance, institutional-grade trading platform that empowers wallet-to-wallet swaps on the Ethereum blockchain. Their non-custodial architecture (built on the 0x protocol) ensures that your ERC20 tokens are always yours — meaning no exchange hacks, no withdrawal fees, and less overall risk.
Through this partnership, The Ocean traders will be able to trade Ethereum and other tokens against TrueUSD, and receive priority in redeeming TrueUSD for US dollars through the fiat exchange app. Fiat-to-crypto conversion is a vital piece to jumpstarting the adoption of decentralized exchanges. By partnering with compliant platforms like The Ocean, TrueUSD proves itself as a key component in the DEX user experience.
“Our goal is to build the right bridges that make it safer and easier for individuals and institutions to trade all types of financial value,” said John Piotrowski, Co-founder and CEO of The Ocean. “An important piece of that puzzle is safe and easy conversion between fiat and tokens. When we surveyed the space, we found TrustToken to be the ideal partner to make this vision a reality. Their commitment to tokenizing traditional currencies in a reliable and responsible way makes their TrueUSD offering especially compelling. Our customers can rest assured that when they buy TrueUSD, it is backed 1-for-1 with real US dollars and can easily convert into traditional fiat.”
TrustToken also welcomes John Piotrowski as an advisor to TrustToken. John’s already adding value to the team, sharing his decade’s worth of trading and financial institution experience. His years of leading strategy and business optimization at Goldman Sachs will provide unique insights into financial institutions entering the blockchain space.
You can read more about The Ocean’s vision and philosophy on their blog. If you visit their website, you can register now to be notified when live trading of TrueUSD begins. You can purchase TrueUSD directly online.
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If you’re excited about TrustToken and TrueUSD, and believe that you or someone you know could make outsized contributions to the key areas of responsibility at TrustToken, please reach out about joining our team.
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