TUSD goes live on Wombat Exchange

Published on: 28.12.2022
TUSD goes live on Wombat Exchange

TUSD goes live on Wombat Exchange, Users may swap TUSD with other stablecoins at minimal slippage and win WOM tokens as rewards by staking in the TUSD Liquidity Pool (LP)

The cooperation provides a new use case for TUSD holders and marks a milestone for TUSD’s effort in building up partnerships with DeFi projects and its plan for multi-chain deployment. As TUSD goes live on Wombat Exchange.

One point we are very proud to showcase is our rigorous choice of partnerships. With Binance Labs as its early investor, Wombat Exchange is the best stableswap native on BNB Chain. It outperforms other stablecoin swap protocols by enabling liquidity sharing among stablecoin LPs to improve capital efficiency and introducing Coverage Ratios to remove scalability barriers. On top of that, Wombat also enjoys other advantages, including minimal slippage, single token staking, and an intuitive UI. Wombat Exchange is boasting a TVL of $116 million, ranking top three among all DEXs on BNB Chain.

The recent FTX crash has slammed investors’ confidence in centralized exchanges (CEX). Such panic has resulted in mass withdrawals. For safety reasons, many crypto investors have opted to deposit assets in decentralized exchanges (DEX), which offer better transparency. Wombat Exchange is one of the top DEX protocols on the BNB Chain. The partnership with Wombat Exchange is a natural, rational choice that provides a more flexible and user-friendly DeFi experience for TUSD holders who prefer DEX trading.

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TrueUSD is the first digital asset attested live on-chain by an independent third-party institution and pegged at 1:1 to the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance, Huobi, and Poloniex, and has been deployed on 12 major public chains including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. It is audited real-time by Armanino, one of the largest American accounting firms, to ensure the 1:1 ratio of USD reserves to circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time.

Website | Twitter 

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Wombat Exchange is a multichain stableswap native on the BNB Chain. Focused on re-engineering the stableswap experience with its innovative algorithm design as the next-generation stableswap 2.0.

Wombat’s vision is to fuel DeFi growth and push boundaries with greater capital efficiency, increased accessibility, and scalability, with the adoption in a multichain world. To learn more, visit wombat.exchange, or follow us on the social channels below:

Website | Twitter

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SOURCE: MEDIUM
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