A leading stablecoin TrueUSDannounced a strategic collaboration with Moore Hong Kong (MooreHK), a distinguished accounting firm. Notably, this alliance, which is a key component of TUSD’s global expansion initiative, aims to provide daily confirmations starting in January 2024. In other words, MooreHK’s expertise will play a key role in strengthening TUSD’s position as a transparent and reliable stablecoin in the global market.
Meanwhile, a representative from TUSD said, stablecoinIt underlines the importance of reserve confirmations for . The spokesperson emphasizes that the partnership with MooreHK and The Network Firm plays a very important role, positioning these two firms as vital allies that provide strong support to TUSD’s efforts to expand its presence in the market.
Additionally, MooreHK Senior Director of Assurance, Michelle Chu, expresses excitement, confirming the commitment to leveraging advanced attestation tools. These tools aim to increase the transparency of TUSD, give users the assurance of closely monitoring reserves through regularly provided attestation reports, and promote a higher level of trust among TUSD users.
Commitment to Innovation and Transparency
TrueUSD’s proactive approach to collaborating with incumbents like MooreHK is aligned with its continuous efforts to lead transparency in the stablecoin ecosystem. Over the years, TUSD has explored innovative solutions through third-party audits, making on-chain Proof of Reserve a beacon of transparency in the blockchain industry.
Meanwhile, as TUSD solidifies its position as a transparent and trustworthy stablecoin, the partnership with MooreHK signals its commitment to providing users with the confidence to effectively monitor reserves. The company is committed to exploring innovative paths for development by ensuring safe, stable and transparent stablecoin operations.
Speaking about the partnership, Patrick Rozario, General Manager of MooreHK Consulting Services, highlighted significant collaboration opportunities and stated that the partnership with The Network Firm has the potential to unlock a multitude of possibilities and prospects in the blockchain ecosystem of the Asia Pacific region.