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TrueUSD Launches Fountain Incentive Plan Of $1 Billion to Support the Development of DeFi Ecosystems -Breaking

by Mike Robinson

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TrueUSD Announces a Fountain Incentive Program of $1 Billion To Support DeFi Ecosystem Development

TrueUSD, the f irst independently-verified stablecoin redeemable 1-for-1 for US Dollars and early participant in DeFi, has officially announced the launch of its Fountain Incentive Plan. The plan is intended to be an incubator for potential projects by providing $1 billion in TrueUSD, as well as other digital assets, to DeFi ecosystems to support their growth.

Fountain was created to represent the notion of an inexorable flow. This project is meant to show the continual injection of energy through DeFi ecosystems.

TrueUSD’s Fountain Incentive plan will support ecosystems and DeFi projects from different public chains. It will also encourage the development of quality projects through strategic cooperation. To maximize the strengths of each project, TrueUSD will devise unique cooperation plans. TrueUSD will also provide financial assistance and organize activities in order to promote full ecosystem cooperation. Projects that wish to join the TrueUSD ecosystem will also benefit from the resources offered by TrueUSD’s strategic partners, paving the way for their entry to the DeFi 3.0 era.

DeFi Partnerships

In addition to lending protocols, decentralized trading platforms also sit at the core of TrueUSD’s development roadmap. TrueUSD’s TVL in Curve exceeded $41.5million and reached $79.6 Million in PancakeSwap as of today. This provides substantial liquidity and stability to protocol. On the TRON-based stablecoin swap platform SUN.io, TrueUSD performed equally well, with its TVL exceeding $180 million, accounting for 34% of the platform’s total value locked.

The latest stats show that TrueUSD’s Total Value Licked (TVL), has reached approximately $88.7 Million on Compound, and $83,4 millions on AAVE protocol. Lending protocols and decentralized trading platforms are the core elements of TrueUSD’s development roadmap. TrueUSD’s TVL is over $41.5 million on Curves. It also reached $79.6 millions on PancakeSwap. These platforms bring substantial liquidity and stability to protocol operations. TrueUSD’s performance on PancakeSwap, a TRON-based stablecoin exchange platform has been equally impressive with an average TVL of $180 million. TrueUSD, therefore, accounts for over 34% of the platform’s Total Value Locked (TVL).,

TrueUSD, following the Fountain Incentive Plan will join forces with other DeFi Protocols to supply liquidity.

TrueUSD Performance in DeFi Projects (October 25, 2005)

Apart from existing partners, we welcome premium projects from all chains to be part of the DeFi ecosystem’s growth!

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