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Attestation of TrueUSD Funds — Examined July 31st, 2019
Cohen & Company has published their latest independent attestation of the bank accounts holding the collateral for TrueUSD.
TrueUSD accounts were examined on July 31st, 2019 and contained the following balances:
Balance of Escrow Accounts: $207,738,081
Balance of TUSD tokens issued and in circulation: TUSD 207,701,005
Note: As part of TrustToken’s commitment to compliance, we want to make clear the nature of our relationship with Cohen & Company, an independent third-party U.S. certified public accounting (CPA) firm. As a regulated entity, Cohen & Company provides third-party examinations of the collateralized funds held in escrow to back all TrueUSD (TUSD) in circulation. Cohen & Company is not the parent company of, nor has any financial interest in, TrustToken, Inc. or any of its affiliates. The results of Cohen & Company’s examinations are published in monthly attestation reports.
Thanks to Cohen & Co for their diligence in performing this attestation.
Each day, more funds arrive from our users who have applied on the TrueUSD website. Cohen & Co will continue to perform independent attestations of the TrueUSD funds.
TrueUSD is the first asset-backed token created on the TrustToken platform. We set out to build a fully collateralized USD-backed stablecoin that the community would use and trust. This attestation with Cohen & Company is another step towards that goal.
If you’re excited about TrustToken’s TrueUSD and believe you could make outsized contributions to the key areas of responsibility at our growing company, please view our open positions.
List of All Attestations
You can view all the attestations that have been published since the launch of TrueUSD here.
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