TUSD goes live on Wombat Exchange

TUSD goes live on Wombat Exchange, Users may swap TUSD with other stablecoins at minimal slippage and win WOM tokens as rewards by staking in the TUSD Liquidity Pool (LP)

The cooperation provides a new use case for TUSD holders and marks a milestone for TUSD’s effort in building up partnerships with DeFi projects and its plan for multi-chain deployment. As TUSD goes live on Wombat Exchange.

One point we are very proud to showcase is our rigorous choice of partnerships. With Binance Labs as its early investor, Wombat Exchange is the best stableswap native on BNB Chain. It outperforms other stablecoin swap protocols by enabling liquidity sharing among stablecoin LPs to improve capital efficiency and introducing Coverage Ratios to remove scalability barriers. On top of that, Wombat also enjoys other advantages, including minimal slippage, single token staking, and an intuitive UI. Wombat Exchange is boasting a TVL of $116 million, ranking top three among all DEXs on BNB Chain.

The recent FTX crash has slammed investors’ confidence in centralized exchanges (CEX). Such panic has resulted in mass withdrawals. For safety reasons, many crypto investors have opted to deposit assets in decentralized exchanges (DEX), which offer better transparency. Wombat Exchange is one of the top DEX protocols on the BNB Chain. The partnership with Wombat Exchange is a natural, rational choice that provides a more flexible and user-friendly DeFi experience for TUSD holders who prefer DEX trading.

­

TrueUSD is the first digital asset attested live on-chain by an independent third-party institution and pegged at 1:1 to the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance, Huobi, and Poloniex, and has been deployed on 12 major public chains including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. It is audited real-time by Armanino, one of the largest American accounting firms, to ensure the 1:1 ratio of USD reserves to circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time.

Website | Twitter 

­­

Wombat Exchange is a multichain stableswap native on the BNB Chain. Focused on re-engineering the stableswap experience with its innovative algorithm design as the next-generation stableswap 2.0.

Wombat’s vision is to fuel DeFi growth and push boundaries with greater capital efficiency, increased accessibility, and scalability, with the adoption in a multichain world. To learn more, visit wombat.exchange, or follow us on the social channels below:

Website | Twitter

­

SOURCE: MEDIUM
REQUEST AN ARTICLE

Comments

Post a Comment

Popular posts from this blog

U.S. Millionaire Says Gold Prices 'Will Go Very High'

Image
Millionaire and veteran investor in the U.S. markets Jim Rogers predicted that gold price s “will go very high” next. The XAU/USD index, which tracks the Spot Gold prices shows the precious above the $2,300 mark on Thursday. The commodity is attracting buying pressure from retail investors, institutional funds, and central banks of developing countries. Also Read: Goldman Sachs Predicts Copper Prices To Surge 20%, Hit $12,000 The massive accumulation is what’s driving gold price s up making it print new highs every month in 2024. Rogers explained that if there’s a problem in the stock market, gold price s stand to benefit and will be the first commodity to skyrocket. The global stock market remains on a slippery slope due to the ongoing conflict in the Middle East between Iran, Israel, and Palestine. Also Read: Chinese Businesses Hoard US Dollars Fearing the Yuan Could Weaken Gold Prices To Go ‘Very High’, Explains Jim Rogers Sour...
Read more

New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud

On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of investors, including more than 26,000 New Yorkers, out of billions of dollars worth of cryptocurrency.” Former CEO of Celsius Accused of Making False Promises, Misleading Investors The day after Core Scientific detailed that it was shutting down 37,000 bitcoin miners owned by Celsius, New York’s Attorney General filed a lawsuit against Alex Mashinsky, the former CEO of Celsius. The lawsuit alleges that Mashinsky “repeatedly made false and misleading statements about Celsius’s safety” and that he encouraged investors to “deposit billions of dollars in digital assets onto the platform.” According to the lawsuit, 26,000 New Yorkers are affected by the Celsius demise and James wants to ban Mashinsky from doi...
Read more

Cryptocurrency: Kevin O'Leary Predicts 'This' Will 100% Happen Again

Kevin O’Leary has been somewhat of a popular voice in the crypto currency industry over the past year. In mid-December 2022, he was called out by the community following his remarks about Binance. The Shark Tank host outrightly blamed Binance for putting FTX out of business. In retrospect,  Changpeng Zhao, the CEO of Binance called him a liar. Appearing in a recent interview with Kitco NEWS, O’Leary suggested that unregulated exchanges will continue collapsing one behind the other. Warning about potential meltdowns in the future, he said, “If you’re asking me if there’s going to be another meltdown to zero? Absolutely. One hundred percent it’ll happen, and it’ll keep happening over, and over and over again.” https://t.co/raCZhnbuJi — Kitco NEWS (@KitcoNewsNOW) January 16, 2023 Post the collapse of FTX, companies have collectively been striving to rekindle hope and win back the eroded trust of market participants. A...
Read more