<HONG KONG, March 23, 2020> – Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has listed TrustToken’s TrueGBP (TGBP), TrueAUD (TAUD), and TrueCAD (TCAD) on the Crypto.com App. Following the successful listing of TrueUSD (TUSD) last year, Crypto.com is expanding it’s stablecoin selection to drive the adoption of digital assets.
Fiat On/Off Ramps: Similar to TUSD, Crypto.com App users can now redeem their TGBP, TAUD, and TCAD, which will be wired directly to their personal bank accounts by logging in here.
Deposits of TGBP, TAUD, and TCAD are also enabled on the Crypto.com App. Withdrawals will be enabled on Thursday 26th, March.
Earn up to 12% p.a.: TGBP, TAUD, and TCAD have also been added to Crypto Earn, allowing users to enjoy up to 12% p.a. on their deposits, paid in TGBP, TAUD, and TCAD. Crypto.com Private members will enjoy an additional 2% p.a. interest.
Crypto Earn now supports 22 coins including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, BAT, LINK, CRO, MKR, DAI, PAXG, EOS, XLM, ATOM, XTZ with the addition of TAUD, TGBP, and TCAD. Interest is paid out weekly in the coin deposited with flexible, 1-month or 3-month terms available.
All three stablecoins follow similar legal and technical standards as TrueUSD, with collateralizing funds held in a third-party escrow account and regular attestations of the underlying funds.
– For Singapore users, TGBP, TAUD, and TCAD are not supported.