TrustToken will launch the first stablecoin in the NEAR Protocol network Developers of the NEAR Protocol blockchain project announced a partnership with the TrustToken team. As a result, their blockchain will receive support for TrueUSD (TUSD) - the first stablecoin in the NEAR Protocol.

TrustToken will launch the first stablecoin in the NEAR Protocol network

The developers of the NEAR Protocol blockchain project have announced a partnership with the TrustToken team. As a result, their blockchain will receive support for TrueUSD (TUSD) - the first stablecoin in the NEAR Protocol.

TUSD is currently the fifth largest stablecoin with a capitalization of $ 340 million. It is traded on 80 exchanges, 160 markets and 20 OTC platforms..

According to NEAR, TrustToken drew attention to the scalability problems of the Ethereum blockchain, limiting the possibilities for the use of stablecoins, especially in light of the increased activity in the space of decentralized finance..

TrustToken, on the other hand, claims that their collaboration will benefit both projects: NEAR will allow faster and cheaper transactions with TUSD, and TUSD will support the development of decentralized applications on the NEAR network..

NEAR developers claim to share common goals with Ethereum while focusing on practical features and performance for real-world scale use cases.

DeFi Service Balancer Announced NEAR Support A Week Ago.

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