TUSD is Launched on the TON Blockchain
The TUSD stablecoin team has entered into a partnership with The Open Network blockchain project, allowing users to rapidly and securely transfer assets via the Orbit Bridge.
TUSD is available on a number of blockchains, including Ethereum, TRON, BSC, Fantom and Polygon, and has a market capitalization of over $2 billion.
The coin uses a Proof-of-Reserves solution to validate collateral, which was enabled by its integration with Chainlink. The Orbit Bridge cross-chain platform was created by the Korean company Ozys.
It allows users to transfer crypto assets to several networks, including Ethereum, BNB, Polygon, Klaytn, ICON and XRP.
A representative of the coin project said that the collaboration with The Open Network will not only bring liquidity to the TON network, but will also increase the use cases for the stablecoin.
