South America’s BitInka Exchange Lists ‘TrueUSD’ (TUSD) Stablecoin Cryptocurrency
South America Based Coin Exchange ‘BitInka’ Lists the ‘TrueUSD’ (TUSD) Stable Cryptocurrency
The crypto markets in South America are booming owing to the growing crypto community in the region. Recently, the BitInka coin exchange integrated the TrueUSD (TUSD) altcoin into its South America oriented coin market platform.
TrueUSD will become the pioneer stable coin to be traded on BitInka exchange following this milestone. This crypto coin enjoys a competitive edge in that it is collateral-backed in dollars unlike most digital assets that have no insurance or pay out policies. Furthermore, TrueUSD releases monthly reports to confirm its dollar-backed collateral status to the clients.
BitInka cryptocurrency traders are now exposed to the TrueUSD (TUSD) stablecoin, a digital asset with potential to reduce the high volatility related with holding digital currencies. To make it better, TUSD will be accessible through a variety of currencies used in South America. As it stands, traders using the BitInka platform can use BTC, USD, Euro, Yuan, Bolivars, Brazilian reals, Argentine & Chilean pesos to purchase TUSD tokens. They will then be able to transact the TUSD tokens using compatible wallets.
This milestone according to the BitInka team shows their commitment in scaling options for digital asset clients using their coin exchange. The TrueUSD altcoin integration will enable transfer of digital assets within the BitInka network & secure the value of this portfolio with collateral in USD dollars.
The BitInka coin exchange is established mostly in the South America region with operations in Portugal, Peru, France, China, Columbia, & Brazil to mention a few.