Lowering the Barrier
Stablecoins have a broad appeal, as they allow for investors to escape market volatility, without cashing out their holdings to FIAT. Recognizing this appeal, Blockport has just announced a new partnership formed with TrustToken, and their stablecoins – TrueUSD.
This partnership will see the ERC-20 based stablecoin supported on the BlockPort platform. It will act as a base trading pair, allowing for platform users to trade seamlessly between the stablecoin and other supported assets.
With the company’s upcoming STO, they have also announced that their very own digital security will be the first token to support trading with TUSD upon launch. In addition to supporting TUSD as a base trading pair, this partnership also opens the door for Blockport to support eventual U.S deposits on the Blockport platform.
By establishing support for TUSD, Blockport has just become a much more flexible platform, offering a lower barrier to entry, and an enticing suite of offered assets.
StableCoins and Securities
Both digital securities and stablecoins have been identified by various industry pundits as some of the biggest trends to follow in 2019 and beyond. While 2019 has only just started, these views seem to be spot-on, as various STOs have begun turning to stablecoin use.
TUSD
TrueUSD, or TUSD, is a stablecoin based off of the ERC-20 protocol. This stablecoin was released, and is managed by, TrustToken. This token, as its name would imply, is backed/pinned to the U.S Dollar. This means that that token mimics the activity of the world’s preeminent FIAT currency. In doing so, the asset functions with minimal volatility in comparison to most assets.
Commentary
In their press release, representatives from both Blockport and TrustToken took the time to discuss the partnership discussed here today.
Sebastiaan Lichter, CPO of Blockport, stated,
“Global metrics show that USD trading pairs have the highest trading volumes, and are the most used currency for trading Bitcoins…This is a huge step toward bringing Blockport to the US Market and the markets of over 150 other countries and jurisdictions worldwide.”
Tory Reiss, Head of Partnerships and Business Development at TrustToken, stated,
“Blockport and TrustToken have both set out to build solutions that seamlessly bridge the traditional world of finance with the new digital economy…We are excited to be working with Blockport to greatly advance this mission and bring the benefits of tokenized currencies to more people around the world.”
Blockport
Blockport is Dutch company launched in 2017 out of Amsterdam. Above all, Blockport strives to deliver a comprehensive trading platform to the industry. Their approach will see the company utilize both utility and security tokens to achieve their goals.
The upcoming Blockport STO is scheduled to launch March 31st, 2019. To learn more about this event, check out the Blockport website HERE.
In Other News
In anticipation of their upcoming security token offering, we were recently able to interview Blockport founder, Sebastiaan Lichter. Check out the articles below to learn more about this up-and-coming company, in addition to stablecoins and the future role they may play in the industry.
Interview Series – Sebastiaan Lichter
Circle Identifies Stablecoins and Digital Securities as Emerging Trends
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