TrueUSD (TUSD) is fortifying its reputation in the crypto world with a new collaboration. Starting in late January 2024, TUSD is teaming up with Moore Hong Kong (MooreHK), a respected accounting firm. This move emphasizes TUSD’s dedication to maintaining high transparency and reliability standards.
This partnership is significant for TUSD. MooreHK will provide daily attestation services, carefully checking and confirming TUSD’s financial reserves. The goal is to give TUSD’s stakeholders and token holders a clear and timely view of the stablecoin’s financial status.
Raising the Bar on Financial Transparency
As part of the well-known Moore Global network, MooreHK brings a wealth of experience in accounting and advisory services. Their involvement will enhance the clarity and trustworthiness of TUSD’s financial reports. This collaboration is more than just a routine audit; it’s a step forward in ensuring confidence in TUSD’s financial activities.
Aiming for Global Trustworthiness
TUSD’s partnership with MooreHK aligns with its broader strategy to grow globally. By strengthening its financial assurances, TUSD aims to stand out as a dependable and transparent stablecoin in the competitive crypto market.
Innovating in Financial Assurance
TUSD has a history of seeking innovation. Through partnerships with cutting-edge audit firms and tech experts like The Network Firm, a specialized crypto accounting firm, TUSD is taking meaningful steps forward. This collaboration promises to offer a comprehensive and transparent view of TUSD’s financial reserves, setting new standards in the stablecoin industry.
Source: https://coinpedia.org/news/trueusd-tusd-taps-moorehk-for-fiat-reserves-assurance-services/