Reserve

Patrick

Bank AI

Enhance

TrueUSD

In a significant move to enhance transparency and trust, TrueUSD (TUSD) has partnered with Moore Hong Kong (MooreHK), a leading accounting firm with a rich legacy dating back to 1975. Starting January 2024, MooreHK will conduct daily attestations, providing stakeholders and TUSD token holders with detailed reports, reinforcing TUSD’s commitment to reliability and industry leadership.
<h2 id="trueusd-bolsters-transparency-with-moorehk-partnership">TrueUSD Bolsters Transparency with MooreHK Partnership</h2>
TrueUSD, a prominent stablecoin, is set to elevate its transparency game with a strategic <a href="https://trueusd.medium.com/tusd-engages-leading-accounting-firm-moorehk-to-provide-attestation-service-on-its-fiat-reserve-36ecfa5117cf" target="_blank" rel="noopener noreferrer nofollow">collaboration</a> with Moore Hong Kong (MooreHK), a distinguished accounting firm boasting a legacy of over four decades. Notably, this alliance, a key component of TUSD’s global expansion initiative, aims to provide daily attestations starting January 2024. In other words, MooreHK’s expertise will play a crucial role in fortifying TUSD’s position as a transparent and trustworthy stablecoin in the global market.
Meanwhile, a representative from TUSD underscores the importance of reserve attestations for <a href="https://coingape.com/glossary/stable-coins/" target="_blank" rel="noopener noreferrer nofollow">stablecoins</a>. Emphasizing the pivotal role, the spokesperson highlights the partnership with MooreHK and The Network Firm, positioning them as vital allies providing robust support for TUSD’s upcoming endeavors in expanding its market presence.
In addition, Michelle Chu, the Senior Assurance Director at MooreHK, conveys her excitement by affirming the commitment to leverage advanced attestation tools. These tools aim to boost the transparency of TUSD, assuring users of closely monitoring the reserves through regularly provided attestation reports, fostering a heightened level of confidence among TUSD users.
Also Read: <a href="https://coingape.com/solanas-analos-aids-trader-in-amassing-colossal-profits-analos-price-to-sustain-rally/" target="_blank" rel="noopener noreferrer nofollow">Solana’s ANALOS Aids Trader In Amassing Colossal Profits, ANALOS Price To Sustain Rally?</a>
<h2 id="commitment-to-innovation-and-transparency">Commitment to Innovation and Transparency</h2>
TrueUSD’s proactive approach to collaboration with established entities like MooreHK aligns with its continuous efforts to pioneer transparency in the stablecoin ecosystem. Over the years, TUSD has explored innovative solutions through third-party audits, making its on-chain <a href="https://coingape.com/how-proof-of-reserve-works/" target="_blank" rel="noopener noreferrer nofollow">Proof of Reserve</a> a beacon of transparency in the <a href="https://coingape.com/glossary/blockchain/" target="_blank" rel="noopener noreferrer nofollow">blockchain</a> industry.
Meanwhile, as TUSD solidifies its standing as a transparent and reliable stablecoin, the partnership with MooreHK signals a commitment to providing users with the confidence to monitor reserves effectively. The company remains dedicated to exploring innovative avenues for development, ensuring secure, stable, and transparent stablecoin operations.
Talking about the partnership, Patrick Rozario, the Managing Director of MooreHK Advisory Services, emphasizes the significant collaborative opportunities, expressing that the partnership with The Network Firm holds the potential to unlock numerous possibilities and prospects within the blockchain ecosystem of the Asia Pacific region.
Also Read: <a href="https://coingape.com/hong-kong-za-bank-expand-web3-offerings-80-firms-including-okx/" target="_blank" rel="noopener noreferrer nofollow">Hong Kong’s ZA Bank Expand Web3 Offerings To 80 Firms Including OKX</a>
The post <a href="https://coingape.com/trueusd-tusd-partners-with-top-accounting-firm-to-enhance-transparency-for-crypto-holders/" rel="noopener noreferrer nofollow">TrueUSD (TUSD) Partners With Top Accounting Firm To Enhance Transparency For Crypto Holders</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

TrueUSD (TUSD) Partners With Top Accounting Firm To Enhance Transparency For Crypto Holders

Table of Contents

Coingape News Media

Other articles published on Dec 25, 2023

Stablecoin Market Dynamics: Ethereum Declines While Tron Rises

Bitcoin Price Stagnates, Altcoins Rally On Christmas: Is A Santa Claus Rally In Effect?

Russia mulls cross-border settlements in crypto in H2 2024

Unveiling the Market Psychology of Altcoin SAND

Bitcoin ETF approval hopes to boost PawZone founder’s outlook

Dogecoin’s Market Performance and Future Predictions

Join our free newsletter for daily crypto updates!