Starting from April, TrustToken platform will enable real-time monitoring of TrueUSD's balances, the company announced in a blog post. The platform is launching a real-time dashboard of the dollar-pegged stablecoin funds in a partnership with an accounting company Armanino.
TrustToken aims to provide better transparency, advancing reporting “from months to minutes.” Noah Buxton, Director of Risk Assurance & Advisory at Armanino believes “continuous assurance and audit is no longer a far-off future, but rather an imminent reality.”
“Over the past year, we have learned the value of trust and transparency for the success of TrueUSD,” said Rafael Cosman, TrustToken’s co-founder and Head of Engineering and Product. “With real-time confirmation of funds provided by one of the world’s leading accounting firms, traders will know at all times that their tokens are backed by real-world value.”
TrustToken has also lowered the minimum TrueUSD purchase and redemption from $10,000 to $1,000. Moreover, verified users will be able to benefit from 1-click redemptions—they’ll be able to send their TrueUSD to their personal redemption address and get U.S. dollars back in their bank account via a wire transfer.