SAN FRANCISCO, Nov. 06, 2018 (GLOBE NEWSWIRE) -- AlphaPoint, a leading global blockchain technology company that enables institutions to issue digital assets and operate digital asset exchanges, has integrated TrueUSD (TUSD), the only 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 growing network list TrueUSD for trading, including Dasset and DCEX. TrustToken, the asset tokenization platform behind USD-pegged stablecoin TrueUSD (TUSD), maintains a competitive edge as a transparent, as the most secure stablecoin in history with five independent security audits from both U.S. and Chinese security firms. 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, 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,” said Danny An, Co-founder and CEO, TrustToken. “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 secure, scalable, and customizable distributed ledger platform, AlphaPoint enables customers around the world to launch and operate markets as well as digitize assets. AlphaPoint’s proprietary distributed ledger technology supports a highly-secured venue and the ability to process nearly one billion transactions per second and its white label customers have the ability to integrate a bevy of coin offerings and pairings through its many partnerships with digital asset companies.
About AlphaPoint
AlphaPoint is a global financial technology company helping institutions make illiquid assets liquid. Through its secure, scalable, and customizable distributed ledger platform, AlphaPoint enables customers to digitize assets as well as launch and operate markets with its white label exchange and asset digitization technology. AlphaPoint and its award winning blockchain technology has helped institutions discover and execute their blockchain strategies since 2013. For more information, please visit https://alphapoint.com and follow @AlphaPointLive.
About TrustToken
Trust is a blockchain for the creation of asset-backed tokens. The company’s first asset-backed token, TrueUSD, is a stability-focused cryptocurrency that is redeemable 1-to-1 for U.S. dollars. TrueUSD is a fully collateralized and regulatory compliant stablecoin that holds funds in third-party escrow account to address counterparty risk. TrustToken was founded in 2017 and is backed by a16z crypto, BlockTower Capital, Danhua Capital, Founders Fund Angel, GGV Capital, Jump Capital, Stanford-StartX, and others. For more information visit trusttoken.com.