One of the top 25 largest accounting and business firms in the U.S., Armanino LLP, has entered into a partnership with stablecoin project, TrustToken (TUSD), to build a solution that will add transparency and trust to digital assets, the official press release states.
The new crypto-focused solution reportedly connects to third-party escrow accounts holding the U.S. dollars that collateralize TrueUSD tokens. Moreover, it runs its own ETH nodes to ensure the accuracy of the outstanding TrueUSD token supply, the press release highlights.
Partner-in-charge of Armanino’s blockchain project, Andries Verschelden, notes the technology of distributed ledger is all about enabling the firm to transact in a trustless peer-to-peer way.
"Through our dashboard we will create direct transparency into the marketplace and increase trust for all users, thus allowing a wider adaptation of this important product," he added.
Earlier, one of the largest Swiss Banks, Julius Baer. entered into a partnership for cryptocurrency assets with Switzerland-based SEBA Crypto AG.
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