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.

TrueUSD Bolsters Transparency with MooreHK Partnership

TrueUSD, a prominent stablecoin, is set to elevate its transparency game with a strategic collaboration 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 stablecoins. 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.

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Commitment to Innovation and Transparency

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 Proof of Reserve a beacon of transparency in the blockchain 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.

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The post TrueUSD (TUSD) Partners With Top Accounting Firm To Enhance Transparency For Crypto Holders appeared first on CoinGape.

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Filed under: News - @ December 25, 2023 12:13 pm