The HybridBlock team has announced the strategic partnership with the TrustToken project, to transform the crypto world.

The TrueUSD stablecoin is backed by the US dollars and can be exchanged 1-for-1 with the USD. This makes it a highly valuable asset for crypto traders.

HybridBlock is looking to integrate TrueUSD into its HybridExchange and its BaseTrade platform that allows users to purchase cryptos seamlessly.

All has been going well for both HybridBlock and TrustToken. TrustUSD recently got listed on the highly popular Binance cryptocurrency exchange, while the HybridBlock team is starting its Crowdsale.

Also, its worth noting that the TrueUSD has hit a $33 million market cap in just three months of its launch.

The Co-founder and CTO of TrustToken, Rafael Cosman said that:
“With TrueUSD, we set out to build a trustworthy stablecoin. We appreciate that HybridBlock sees the value that TrueUSD will provide to traders on BaseTrade. The HybridBlock team is showing responsibility and a long-term view in meeting their community’s needs.”

HybridBlock Co-Founder Apolo Ohno also said that:

“TrustToken and TrueUSD are a world-class team and product. We are very excited to integrate TrustUSD within the HybridBlock ecosystem as one of the top stablecoin solutions for traders globally.”

As stated earlier, the TrueUSD stablecoin helps traders mitigate the volatility risks of cryptos, as each TrueUSD token is collateralised by the dollar, saved in escrow accounts of trust firms and can be redeemed at will.

HybridExchange will make use of this excellent quality of TrueUSD to allow traders to cushion themselves against market volatility.

When the HybridExchange launches in June, it will use TUSD a base quote on its platform. For starters, it will support only the BTC/TUSD, ETH/TUSD, LTC/TUSD, XRP/TUSD, and HYB/TUSD pairings.

On BaseTrade, traders who make deposits via wire transfers will be given TrueUSD, and they will now be able to use it to buy cryptos.

About TrustToken

TrustToken enables users to create asset-backed tokens that can be traded globally. The platform was built in 2017 by a group of people from Stanford, UC Berkeley, Palantir and Google. It is backed by Stanford-StartX, Founder Fund Angel, FJ Labs and BlockTower Capital.
For more information visit http://www.trusttoken.com.

HybridBlock is meant for users who want to benefit from trading cryptos without the volatility and complexity that comes with it.

The HybridBlock team is made up of experts in the tech sector, financiers and highly reputable entrepreneurs.

For more information visit https://hybridblock.io/
Telegram: https://t.me/HybridBlockHQ
Facebook: https://www.facebook.com/hybridblockofficial/
Twitter: https://twitter.com/HybridBlockHQ
Email: [email protected]

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