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Archblock To Use Chainlink’s Proof-of-Reserves System for TrueUSD Verification

Archblock, the issuer of TrueUSD stablecoin, said it will use Chainlink's proof-of-reserves system to let users verify its reserves are fully collateralized on the blockchain via an automated data feed.

"We're excited to use Chainlink's Proof of Reserve to enhance the transparency and verifiability of our stablecoin," said Ryan Christensen, CEO of Archblock. "As the industry-standard decentralized oracle network, Chainlink will help ensure that TUSD is always collateralized by off-chain fiat reserves."

(By Vishal Chawla)

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chainlink Proof of Reserves
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