TrueUSD (TUSD) is excited to announce a new partnership with Moore Hong Kong (MooreHK), a top accounting firm, to boost transparency starting January 2024. This collaboration reinforces TUSD’s reputation as the leading stablecoin in the market. TUSD stablecoin is quickly gaining market cap after the discontinuation of BUSD by Paxos.

MooreHK’s Daily Attestation Services Reinforce TUSD’s Transparency

MooreHK, established in 1975 and part of the renowned Moore Global network, will provide daily attestation services to TUSD. These services include presenting daily attestation reports to stakeholders and TUSD token holders. This move is a significant upgrade to TUSD’s reserve attestation system.

TUSD’s collaboration with MooreHK aligns with its global expansion initiative, aiming to increase accessibility in vital capital markets. The partnership is expected to enhance TUSD’s standing as a trustworthy and transparent stablecoin. To further support this effort, The Network Firm, a certified accounting and audit technology firm in the crypto industry, will join forces with MooreHK to provide advanced technical support.

In the ever-evolving blockchain industry, TUSD has consistently explored innovative solutions. Its integrated approach to reserve attestation, coupled with on-chain Proof-of-Reserve, sets a standard for transparency in the stablecoin ecosystem.

TUSD Stablecoin Emphasis on Robust Reserves and Collaborative Partnerships

A spokesperson from TUSD emphasized the significance of strong reserves for stablecoins, noting that robust reserves are crucial for supporting their future growth and development. The spokesperson mentioned that both MooreHK and The Network Firm would play crucial roles as partners. They will be providing strong support for TUSD’s upcoming market expansion.

MooreHK Senior Assurance Director Michelle Chu conveyed her excitement about the collaboration. She expressed that by leveraging advanced attestation tools to improve the transparency of TUSD, they aim to ensure that TUSD stablecoin users can monitor its reserves with utmost confidence.

Patrick Rozario, MooreHK Advisory Services Managing Director, sees numerous possibilities in this collaboration, especially in Asia Pacific’s blockchain ecosystem. As blockchain systems standardize transaction processing across industries, certified public accountants can provide essential assurance to users of this technology.

Looking ahead, TUSD remains committed to exploring innovative ways to enhance development and user experience, ensuring secure, stable, and transparent stablecoin operations. For more information and access to reserve attestation reports, visit the official TUSD website at tusd.io.