The all-in-one cryptocurrency wallet, exchange, and trading app Exodus have added support for digital assets XRP and TrueUSD (TUSD).
The company said the move follows demand from customers to have the third largest cryptocurrency by market cap made available for trading on the platform. The addition of the stablecoin TrueUSD provides customers with the ability to store fiat currency on the platform that maintains a U.S. dollar value.
Exodus version 1.58.0 has arrived. We’re excited to announce @Ripple (XRP) and TrueUSD (TUSD) are now available for exchange in our latest release. $XRP $TUSD #ripple @TrustToken https://t.co/vs70GDEpr9
— Exodus (@exodus_io) August 17, 2018
Both digital assets are fully supported for buying, selling and trading on Exodus. Interestingly, the exchange opted to list TrueUSD as opposed to the more popular but controversial stablecoin Tether (USDT). Rather than holding dollar reserves themselves, TrueUSD developers TrustToken has partnered with legally registered banks to hold assets in order to comply with U.S. financial regulations.
XRP developer Ripple has been having a tough year fighting lawsuits in the U.S. claiming the token is a security. Plaintiffs have also argued that since investors don’t have a say in the development of the company it poses a financial risk. The U.S. Securities and Exchange Commission (SEC) has been under pressure to come to a decision regarding whether or not the XRP token is, in fact, a security.
Image From Shutterstock
