Wombat Exchange x TrueUSD Partnership
Wombat Exchange has never stopped refining its stableswap, and with all these developments, we’re totally on a roll! This time, we are thrilled to announce a major partnership. When we say major, it’s truly massive!
Let’s unveil… Wombat’s partnership with TrueUSD!
We’re honoured to be TUSD’s partner in pushing for its adoption on the BNB Chain after deploying for over 3 years with more than 110 million in supply. TUSD will be listed under our Innovation Pool and provide emissions for liquidity.
What is TUSD?
TrueUSD (TUSD) is a stablecoin that can be minted and redeemed 1-for-1 for US Dollars.
It is fully collateralized, legally protected, and transparently verified by third-party attestations. TUSD is the first asset token built by the TrustToken team. It can be minted and redeemed through the TrustToken website and over 70 exchanges including Binance.
As the first independently-verified digital asset redeemable 1-for-1 in US Dollars, its minting is nearly instant, has no fees, and redemption is direct-to-bank. The multi-chain stablecoin uses various banks, escrow accounts, and third-party attestations to reduce counterparty risk, provide transparency, and prevent fraud.
As a stablecoin frontrunner, TUSD is glad to embrace the promising future of the stablecoin industry. Financial security has always been users’ top concern, and that’s where TUSD’s core value lies. Down the road, TUSD will continue to set benchmarks in transparency, security, and robustness, offering more options and opportunities for users on BNB Chain and other public chains.
How can I obtain TUSD on the BNB Chain?
There are three major ways to do so:
Mint TUSD directly through TrustToken app
You can mint TUSD with bank wire transfers. KYC is required for this process.
Buy TUSD on centralized exchanges
This method includes Binance, Kucoin and more!
Buy TUSD on decentralized exchanges
This method includes PancakeSwap, Biswap and more!
A complete list can be found on this page.
What to Look Forward To
Save the date! TUSD will launch on the 2nd of December. Watch out! It will be in our Innovation Pool, and WOM emissions will be provided to support the pool as liquidity incentive.
Details for the pool mechanism, depeg protection and fees can be found in this article.
Once the voting gauge goes live, there’s a high chance of earning bribes by voting for TUSD gauge. Look ahead with us for an exciting future!
About Wombat Exchange
Wombat Exchange is a multichain stableswap native on the BNB Chain, focused on re-engineering the stableswap experience with its innovative algorithm design as the next-generation stableswap 2.0.
Wombat’s vision is to fuel DeFi growth and push boundaries with greater capital efficiency, increased accessibility, and scalability, with the adoption in a multichain world. To learn more, visit wombat.exchange, or follow us on the social channels below:
