Chainlink $LINK ‘Proof of Reserve’ Proves Little Beyond Data Going In, Coming Out

Archblock (previoustly TrustToken), the company behind the U.S. dollar-backed TrueUSD (TUSD) stablecoin, uses Chainlink to prove that each of its TUSD tokens is backed by a dollar in reserves. Instead of self-attesting to its reserves, it reports them to Chainlink’s oracles via The Network Firm, a third-party accountant.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *