TrustToken launches digital asset backed to pund sterling
The cryptocurrencies company indicated that the ratio for the change of the stablecoin will be 1:1
The stablecoin have invaded the international market. Thanks to this popularity TrustToken announced the launch of its own digital asset that will be backed by the pound sterling.
This currency is already available in the platforms to which they were designated as “Alameda Research“, “Bluefire Capital“, “Galois Capital“, among others.
The stablecoin are quite versatile digital currencies, because they are linked to the price of money fiat depending on the case, in proportions of 1:1, which implies that a TrueGBP would equal £ 1 pound sterling exactly.
A spokesman for the company said that the currency “will be available like any other ERC-20 token“, indicating that its compatibility will be carried to all the portfolios that use this system.
“Customers wishing to buy or redeem through the TrustToken application must pass the usual requirements of KYC and AML in accordance with our MSB license,” the spokesperson said.
K. Tovar
Source: Coincrispy
