TrustToken Releases Canadian Dollar Stablecoin

TrustToken Releases Canadian Dollar Stablecoin

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TrustToken launches Canadian dollar-based steablcoin Cryptocurrency startup TrustToken has announced the release of its fourth steakcoin, TrueCAD, which will be backed by Canadian dollars. TrueCAD is now live!

The coin is already available for purchase in the company’s application along with other stablebcoins – TrueUSD, ТrueGBP and TrueAUD.

The release of the latter, pegged to the Australian dollar, TrustToken announced in late April. The new “stable currency” is secured by the Canadian dollar in a 1: 1 ratio. “We wanted to create a simple steyblecoin without having to trust some hidden bank account of the company or a special algorithm.

Our open source smart contracts provide a 1: 1 ratio between TrueCAD and the Canadian dollar, ”the company stressed. The plans of TrustToken to issue a number of steblokoinov. In particular, already this year TrueEUR and TrueHKD should appear on the market, secured by the euro and Hong Kong dollars, respectively.

Recall earlier TrustToken announced its intention to introduce a tool to track the support of steylkoina TrueUSD US dollar.

TrustToken Releases Canadian Dollar Stablecoin

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