Inside: additional $TRU utility, a path to decentralization, robust credit modeling, more utility for TFI-LP, new asset support and for the first time, on-chain credit lines Dive into the proposed next 6 months of TrueFi

https://blog.trusttoken.com/the-truefi-protocol-roadmap-92f388ac6eb3

"Since its launch in 2018, TUSD has been TrustToken’s flagship product. As the first fully-collateralized stablecoin TUSD has grown in both adoption and product innovation."

Read our announcement below, and follow @tusd_official for all $TUSD news:

Medium

We are excited to announce that the world's first tokenized song has been released by Taryn Southern in partnership with TrustToken. Tokenized IP will be one of the many assets launching on the TrustToken platform. https://breakermag.com/how-a-youtube-star-her-fans-and-ai-software-created-a-blockchain-anthem/

At 9:50pm on October 20, 2021, TrueFi’s market capitalization jumped from a mere $90 million to over $350 million but no price increase occurred. Does anyone know how or why this happened?

(New to crypto but heavily invested in what I thought could be a 10x AltCoin)

"In this future, every dollar instantly goes wherever it gets the best risk-adjusted return. This can't exist without digital assets and DeFi.

But this is sure: it's happening whether or not institutions get on board."

The Defiant

My TGBP redemption request has been stuck for 11 business days. After 5 replies from the TT customer support team that were going nowhere, finally this is what I have got. It used to take only 2-3 business days for TGP to be redeemed. Apparently, it takes 3-4 weeks. It is a bummer but at least they could have told me about it in their first reply to my inquiry. Why only after 5 meaningless replies? Anyway, please see below:

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Please note that our trust partner, First Digital Trust, is experiencing delays processing redemptions for TGBP, TAUD, TCAD, and THKD. Redemptions are delayed by 3 to 4 weeks.

Again, this is due to First Digital Trusts’ bank partner conducting additional compliance checks on each redemption. We would like to assure all of our TrueCurreny users that there is no issue with funds backing TrueCurrencies, the balances are attested in real-time by Armanino here . First Digital Trust is working with its bank partner to clear the delayed redemptions.

We have also paused THKD redemptions as our trust partner, First Digital Trust, works through compliance checks on the backlog of redemptions. We deeply regret that the crypto compliance monitoring in the region has intensified, creating delays in redemptions. We are working to restore THKD redemptions as soon as possible, through First Digital Trust and other banking partners. We do understand the concern over delays and sincerely apologize for the delays.

Best,
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Private borrowing on #TrueFi is here, made possible by our on-chain credit scoring. We estimate this feature will unlock another $200–250m of pent up borrower demand - *without increasing default risk*

Read more here: https://blog.trusttoken.com/introducing-private-borrowing-to-truefi-2b4d3093c03d

I have some funds in TUSD on Coinomi but I can not send them to another wallet or exchange them. I was investigating and the smart contract management changed. According to support (Coinomi) I must add the new version of the token manually, which I did, but still I can not send or exchange the funds. What I can do?

PS: In Etherscan it appears "ERC-20 Token Transfer Error (Unable to locate Corresponding Transfer Event Logs), Check with Sender."

Thanks for the help.

https://twitter.com/TrustToken/status/1045813408623415296

At least as far as TGBP redemptions are concerned, it used to take only 2-3 business days (last time I used the TGBP redemption service was back in August 2021 - I am a UK resident). Then last week on 17/5 2022, I withdraw my last TGBP 1100 from Celsius to Trust Token for redemption into GBP. After 7 full business days, now as of 31/5/2022, my redeemed GBP has not yet showed up in my bank account. The customer support team used to be very forthcoming, attentive and helpful, voluntarily sending me follow-up E-mails to make sure that my money had arrived etc. But now, the customer support team just keeps saying the same thing like a broken record, which is "checking with our local banking partner". GBP1100 is not a huge amount of money but not quite small either. Thank God it was not GBP11K or 110K. Fortunately, this is my very last withdrawal/redemption and after this experience, I will never use Trust Token again but I see some concerning deteriorations in their operations/services. Red flag.

P.S. The following is the most recent reply from Trust Token Customer Support (I have received three more before this). FYI

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Hello

Just to follow up here, we do understand the concerns over delays and offer our sincere apologies.
Our trust partner, First Digital Trust is working through a backlog of redemptions that have been delayed due to additional compliance checks. We deeply regret that the compliance monitoring programs in the region have again intensified, and recent high volumes causing these delays with redemptions. They will need more time to review and process the redemptions.

We are sorry for this, will keep you updated once it is completed. Thanks for your understanding.

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I wanted to mint some TCAD, so that I could stake them for a while.

The issues is in Canada currently, TCAD Mint is disabled for weeks now with no ETA from support on when it would become available again.

I'm looking for insight as to:

1. Anyone in Canada was able to mint TUSD instead, by transferring USD to their California bank? Was the process smooth, and would you be able to share fees/timeline?

2. Anyone who was successful in redeeming TCAD back in Canada - perhaps share your experience?

3. Any general notes/comments on my plan, which is to mint some TCAD and put it in an earn account in Crypto.com which yields 12-14%, sure beats anything my bank has to offer, almost to the point that its even worth taking a loan at 3% (I'm going to use cash, just saying it seems too good to be true to earn 12% while paying the bank 3%) - am I missing anything?

thanks! any advice/insight would be appreciated!

I'm thinking to stack TrueUSD because the APY is really good. I feel like it's a insane opportunity.

I will like to know how safe is trusttoken ?