US-based TrustToken reportedly entered in the partnership agreement with one of world's leading accounting companies Armanino to power traders with a real-time monitoring solution to check TrueUSD funds.
According to the press release unveiled by TrustToken, Armanino deals with escrow accounts that contain US dollar used to back TUSD coins. As a result, the new accounting solution will compare escrow accounts and Ethereum-nod data regarding TUSD offers.
The San Francisco-based company highlighted in the report that the announced tool will represent a transparent solution that may provide the information just in minutes.
"We are thrilled to be working with Armanino to offer traders the highest degree of trust in our products. This sets a new standard not only for stablecoins but for all tokenized assets in the future," said Rafael Cosman, Co-founder and Head of Engineering and Product at TrustToken.
The new tool will be rolled out in April and will be available for everyone that registered with Armanino service.
It should be mentioned that this dashboard was created by only Armanino, while TrustToken, in fact, will become an exclusive client to enjoy the service.
"With their proven track record and pioneering mindset, we see TrustToken as the perfect client partnership to drive innovation in the crypto and accounting industries," commented Noah Buxton, Director of Risk Assurance & Advisory at Armanino.
Along with the new real-time solution, TrustToken announced the reduction of "the minimum TrueUSD purchase and redemption amount to $1,000 and launched a unique 1-click redemption process."
As a result, the users that successfully passed verification will be able to send TUSD to " their personal redemption address" and get a similar amount in US dollars to be wired to their bank account, as the company explained.