{"id":230438,"date":"2024-02-07T12:00:23","date_gmt":"2024-02-07T12:00:23","guid":{"rendered":"https:\/\/www.platinumcryptoacademy.com\/?p=230438"},"modified":"2024-02-07T12:00:23","modified_gmt":"2024-02-07T12:00:23","slug":"coinmarketcap-research-releases-report-on-trueusd-market-share-increased-by-238-in-2023","status":"publish","type":"post","link":"https:\/\/cryptonaireweekly.com\/index.php\/2024\/02\/07\/coinmarketcap-research-releases-report-on-trueusd-market-share-increased-by-238-in-2023\/","title":{"rendered":"CoinMarketCap Research Releases Report on TrueUSD: Market Share Increased by 238% in 2023"},"content":{"rendered":"<p><span><strong>Dubai, UAE, February 7th, 2024, Chainwire<\/strong><\/span><\/p>\n<p><\/p>\n<p>CoinMarketCap Research released a report on TrueUSD (TUSD), the USD-pegged stablecoin that offers live, on-chain attestations of its reserves by independent, third-party accounting firms.<\/p>\n<p>The report highlighted that TUSD\u2019s market share in the stablecoin sector increased by over 238%. In 2023, TUSD\u2019s market share increased from 0.53% to 1.79%, and TUSD&#8217;s total market capitalization rose from $799.31 million to $2.31 billion within that same timeframe. This growth emphasizes its expanding position in the market.\u00a0<\/p>\n<p>The report also dives into a key distinguishing factor of TUSD\u2019s transparency, where TUSD provides live, on-chain attestations of the reserves backing the stablecoin. The reserve data is \u200b\u200bcompiled by an independent, U.S.-based accounting firm, The Network Firm LLP. The stablecoin will also receive daily attestation and reports In late January 2024 by MooreHK, the Hong-Kong arm of leading accounting firm Moore Global. TUSD has also integrated Chainlink&#8217;s Proof of Reserve (PoR) technology, making TUSD the first USD-backed stablecoin to incorporate real-time verification of off-chain USD reserves.<\/p>\n<p>Read the full report here: <a href=\"https:\/\/coinmarketcap.com\/academy\/article\/everything-you-need-to-know-about-trueusd-tusd\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/coinmarketcap.com\/academy\/article\/everything-you-need-to-know-about-trueusd-tusd<\/a>\u00a0<\/p>\n<p><strong>ABOUT COINMARKETCAP<\/strong><\/p>\n<p>CoinMarketCap is \u2018Home Of Crypto\u2019, the world&#8217;s most trusted cryptocurrency data authority. Its mission is to accelerate the crypto revolution by organizing the world\u2019s crypto intelligence and making it easily accessible to all.<\/p>\n<p><\/p>\n<h5>Contact<\/h5>\n<p><span><strong>CMC Research<\/strong><br \/><\/span><span><strong>Alice Liu<\/strong><br \/><\/span><span><strong>CoinMarketCap<\/strong><br \/><\/span><span><strong>alice.l@coinmarketcap.com<\/strong><br \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai, UAE, February 7th, 2024, Chainwire CoinMarketCap Research released a report on TrueUSD (TUSD), the USD-pegged stablecoin that offers live, on-chain attestations of its reserves by independent, third-party accounting firms. The report highlighted that TUSD\u2019s market share in the stablecoin sector increased by over 238%. In 2023, TUSD\u2019s market share increased from 0.53% to 1.79%, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":230436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,35],"tags":[42,39,43,44,45,41],"class_list":["post-230438","post","type-post","status-publish","format-standard","has-post-thumbnail","category-press-release","category-sponsored_article","tag-crypto","tag-defi","tag-pr","tag-press-release","tag-token","tag-web3"],"_links":{"self":[{"href":"https:\/\/cryptonaireweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/230438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonaireweekly.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonaireweekly.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonaireweekly.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonaireweekly.com\/index.php\/wp-json\/wp\/v2\/comments?post=230438"}],"version-history":[{"count":0,"href":"https:\/\/cryptonaireweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/230438\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptonaireweekly.com\/index.php\/wp-json\/wp\/v2\/media?parent=230438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonaireweekly.com\/index.php\/wp-json\/wp\/v2\/categories?post=230438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonaireweekly.com\/index.php\/wp-json\/wp\/v2\/tags?post=230438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}