Why We Chose Trust Token
The Qume team is excited to announce our partnership with TrustToken.
Qume is NOT just another crypto derivatives exchange. We are the first exchange to truly bring wall street level sophistication to the crypto derivatives markets. Unlike most other exchanges, we operate within regulatory guardrails, offer settlements in USD, and completely eliminate exposure to the price volatility of the underlying collateral.
We chose TrustToken as one of our partners due to their immaculate track record of having the necessary safeguards in place for us to feel secure with our funds. TrueUSD offers stablecoins denominated in not just USD but other fiat currencies such as HKD, AUSD, etc. This offers us the flexibility and convenience to easily onboard stablecoins of other fiat currencies.TrueUSD users enjoy zero fees and the lowest transaction costs of any stablecoin thanks to GasBoost, in addition to simple wallet aliases with Autosweep, and easy direct-to-bank redemption through a memorable 5-character TUSD Redemption Address. Moreover, TUSD’s Gasboost technology saves us over 15% on every transaction as it takes less gas than every other stablecoin for token transfers.
Some of the salient features of TUSD are:
- Legal Protection
- 1:1 redemption for USD : Given that Tether has been unable to prove it is backed 1:1 with USD and may never be able to do so, we believe that TrueUSD decreases exchanges’ risk exposure and potential liability.
- Secure monthly auditing
- Easy redemptions