This 'stablecoin' gives crypto investors a new way to avoid the tax man

This 'stablecoin' gives crypto investors a new way to avoid the tax man

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TrueUSD, a cryptocurrency whose value is pegged to that of the dollar, has signed a deal with Binance, one of the world’s largest cryptocurrency exchanges in terms of volume. 

Starting May 18, TrueUSD (ticker: TUSD) will be listed on Binance, allowing traders to exchange it for Ethereum, Bitcoin, or Binance Coin. 

Launched in March by San Francisco-based startup TrustToken, TrueUSD is a so-called stablecoin — a cryptocurrency whose value is pegged to the value of a traditional asset, in this case the U.S. dollar. TrustToken claims that TrueUSD is fully collateralized with fiat money, held in escrow accounts accessible by trusted third-party fiduciary partners. The company says it’ll publish monthly reports on the state of its bank account holdings, and will subject them to ongoing audits.  Read more…

More about Bitcoin, Cryptocurrency, Trueusd, Trusttoken, and Tech
Source: Mashable | This 'stablecoin' gives crypto investors a new way to avoid the tax man

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