TrueUSD: The final stage of TUSD international transition has started, Techteryx will fully manage all offshore business related to TUSD

The US dollar stablecoin TrueUSD announced that it will start the final stage of TUSD's international transition from July 13, 2023. Techteryx will fully manage all offshore businesses and services related to TUSD, including minting and redemption, customer import and compliance, and Statutory reserves and oversight of all banking and trust relationships. During the transition period, the Archblock team will continue to support existing US users. In December 2020, TrueCoin, LLC (subsidiary of Archblock, Inc.) transferred the business ownership of TrueUSD (TUSD) to Techteryx, an Asian consortium.