TrueUSD proves solvent according to March 31 examination

TrustToken ended the first quarter of 2019 on a positive note for its TrueUSD (TUSD) stablecoin. As of a March 31 examination, the token touts sufficient backing.
Funds confirmed
Accounting firm Cohen & Company took a deep dive into TUSD and its backed funds on March 31, publishing a report on its findings – as mentioned in an April 8 blog post from TrustToken, the company behind TrueUSD.
The report revealed 198,982,291 TUSD available, backed by $199,063,885 USD. According to these num