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Blockchain company AlphaPoint to integrate TrueUSD stablecoin

Tony Zerucha

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Global blockchain technology company AlphaPoint, which enables institutions to issue digital assets and operate digital asset exchanges, has integrated TrueUSD (TUSD), a regulated, exchange-independent stablecoin that is live trading and redeemable 1-to-1 for the U.S. dollar.

The integration will enable AlphaPoint’s exchanges to list TrueUSD for trading with fiat and cryptocurrency pairings. More than 10 exchanges in AlphaPoint’s network list TrueUSD for trading, including Dasset and DCEX.

TrustToken, the asset tokenization platform behind USD-pegged stablecoin TrueUSD (TUSD), has undergone five independent security audits from both U.S. and Chinese security firms, AlphaPoint said in a release. TrueUSD uses multiple U.S. Trust and bank partners to reduce banking risk and provide token-holders with legal protections of their USD deposits.

“We are thrilled to offer our customers around the world the ability to interact with a market-leading stablecoin, like TrueUSD, which improve market liquidity and velocity, and increase the efficiency of global digital asset trading,” said Igor Telyatnikov, co-founder and president of AlphaPoint. “The more that crypto and digital assets become fungible, the more the entire marketplace will benefit.”

“The integration with AlphaPoint allows TrueUSD to continue to reach investors in new markets, better serve the demand for trusted stablecoins, and further contribute to the emerging token economy,” TrustToken co-founder and CEO Danny An said. “AlphaPoint’s growing network of exchanges and digital asset infrastructure will help perpetuate the adoption of TrueUSD globally as we continue to be recognized as the as the reliable stablecoin, amid today’s uncertainty surrounding cryptocurrency and  surpass a $175 million market capitalization milestone.”

Through its distributed ledger platform, AlphaPoint enables customers to launch and operate markets and digitize assets. AlphaPoint’s proprietary distributed ledger technology supports a highly-secured venue and the ability to process nearly one billion transactions per second. Its white label customers can integrate coin offerings and pairings through its partnerships with digital asset companies.

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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