TUSD hires accounting firm MooreHK to provide legal currency reserve verification services

TrueUSD (TUSD) announced its cooperation with the famous accounting firm Moore CPA Limited (MooreHK). Starting from the end of January 2024, MooreHK will begin to provide daily verification services for TUSD and provide daily verification reports to its stakeholders and TUSD token holders. Founded in 1975, MooreHK is part of the Moore Global network and has extensive experience in audit, assurance, accounting, tax and advisory services. This collaboration plays a key role in strengthening TUSD’s reputation as a transparent and trustworthy stablecoin, in line with its offshore migration strategy earlier this year. As a complement to this collaboration, TUSD maintains its partnership with The Network Firm LLP. This collaboration leverages technical support from The Network Firm Tech & Services LLC to enhance the audit capabilities provided by MooreHK. This synergy demonstrates TUSD’s commitment to blockchain technology innovation, including advanced reserve auditing and on-chain Proof of Reserve.