By
Chimamanda U. Martha
April 19th, 2024
HybridBlock has collaborated with TrustToken for utilizing TrueUSD on its HybridExchange as a base pairing preventing traders from market volatility.
Cryptocurrency trading and education platform HybridBlock has recently announced their new partnership with TrustToken, the creators of the fully compliant stablecoin True USD (TUSD).
TrueUSD represents itself a stable coin backed by USD. The coin’s rate is constantly 1:1 to the US Dollar, which gives its users a guarantee of avoiding volatility and other risks faced by the majority of cryptocurrency traders.
HybridBlock is currently in the process of implementing TrueUSD on its exchange product, HybridExchange, as well as a BaseTrade. BaseTrade represents itself an easy-to-use cryptocurrency platform, which allows to buy or sell cryptocurrency in just a few simple steps. It provides traders a protection obtained from legally enforceable escrow agreements.
Both HybridBlock and TrustToken have had a successful month, which has finally resulted in fruitful collaboration between the two companies. HybridBlock is proud to have entered its much-anticipated public token sale, while TrustToken has had its True USD listed on Binance, the world’s largest cryptocurrency exchange, and has grown to a market cap of over USD 33 million.
Being a stable coin, TrueUSD will be used on the Hybrid Exchange as a base pairing preventing traders from market volatility and providing a robust solution for intermediate traders. HybridExchange will be open this month, June 2018. It will be one of the first exchanges to list TrueUSD as a standard base pairing, also known as a quote currency. Initial base pairings with TrueUSD will include pairs with BTC/TUSD, ETH/TUSD, LTC/TUSD, XRP/TUSD and HYB/TUSD.
Once accounts are loaded with True USD, users will be able to quickly buy major cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple and HybridBlock Token. HybridBlock will be one of the first to allow users the transition from fiat to crypto and back to fiat using stablecoin.
With TrueUSD, BaseTrade traders will get an opportunity to enter the cryptocurrency markets without a risk of volatility andto make informed decisions about which coins to buy or sell on their own timeframe.
The TrustToken platform’s team sees its goal in creating asset-backed tokens that users can easily buy or sell around the world. For example, Gold to Gold tokens or Dollar to Dollar tokens. TrueUSD represents itself the company’s first asset token.
HybridBlock is an alternative trading platform, perfectly suitable for traders looking to benefit from the explosive growth of cryptocurrencies without the high risk and complexity going hand in hand with digital asset trading. Leveraging blockchain technology, HybridBlock aims to revolutionize cryptocurrency and the education system in Asia, a market with over 4.4 billion people.