TUSD Announcement
In December of 2020, TrueCoin, LLC (a subsidiary of Archblock, Inc.) transferred ownership of TrueUSD (“TUSD”) to Techteryx, an Asia-based consortium. Techteryx brings to TUSD significant resources and a vast global network to help the stablecoin scale and reach new untapped markets. As of July 14, 2023, the market capitalization for TUSD is in excess of $2.8B.
Following the transfer of ownership in 2020, the Archblock team continued to support the TUSD business with operations, compliance, and a robust banking network during the transitional period. Effective July 13, 2023, Techteryx will fully manage all operations and services related to TUSD, including minting and redemptions, customer onboarding and compliance, fiat reserve banking relationships, and ongoing product development. New and existing customers will be able to access their TUSD accounts via the TUSD app.
We wish the Techteryx team continued success with TUSD!
TUSD Announcement was originally published in Archblock on Medium, where people are continuing the conversation by highlighting and responding to this story.
