Syscoin partners with TrustToken to connect USDT and other stablecoins
Syscoin ad a new partnership with TrustToken. The new partner will connect TUSD and other stable coins with the Syscoin platform. The Syscoin Foundation believes in the future of stablecoins and believes that the new association will improve its services and products for interested users.
The new partnership with TrustToken is fully focused on providing the best stablecoin offers to Syscoin users. TrustToken is one of the leading teams in stablecoin management. They offer a variety of stablecoins, and TUSD is the most famous. According to Syscoin, TrustToken's TUSD is the first regulatory compliant asset and is fully backed by a live auditable USD collateral.
The partnership with Syscoin has multiple benefits for TrustToken. They can use the Syscoin mainnet to expand their reach and offer stablecoins in a simpler solution.
"TrustToken is proud to support TUSD on the Syscoin chain, we can't wait to see what the community builds with a more profitable TUSD on Syscoin." – Jack Sun, Strategic Alliances, TrustToken.
Syscoins Believes Ethereum Has Trouble Handling Additional Pressure From DeFi Boom and users need a better alternative to that. They claim to be able to handle secure token payments. Additionally, the new partnership with TrustToken increases its ability to manage payments.
“Digital assets have growing needs for better usability, strong decentralized security, and a scalable way to ensure every transaction is compliant with regulations. Syscoin uniquely aligns with all of these requirements. We hope that the TrustToken family of stablecoins will become future proof and gain advantages with Syscoin. – Jag Sidhu, President of the Syscoin Foundation, Lead Lead Developer.
As mentioned above, the partnership with Syscoin also has multiple benefits for TrustToken. They can take advantage of the fast transaction management on Syscoin. Also, Syscoin is interoperable with Ethereum ERC-20, and developers can easily migrate their tokens using that. Syscoin states its capabilities at the end of the announcement saying:
“Third-party blockchain auditing firm Whiteblock Inc. tested the scalability of Syscoin's Z-DAG technology. The audit report shows that the Syscoin network can provide a burst capacity of up to 61,000 TPS (transactions per second) and a peak of 140,000 TPS. "
The new partnership surely helps Syscoin expand its offering and attract new customers. TrustToken will also enjoy this partnership and will provide its many stablecoins on another blockchain platform. Regardless of the results for each participant, partnerships between blockchain platforms are great for improving the overall industry and providing services for more mainstream users.
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