Home > News > Bitcoin News > Chainlink ‘Proof of Reserve’ Proves Little Beyond Data Going In, Coming Out

Chainlink ‘Proof of Reserve’ Proves Little Beyond Data Going In, Coming Out

Archblock (previoustly TrustToken), the company behind the U.S. dollar-backed TrueUSD (TUSD) stablecoin, uses Chainlink to prove that each of its TUSD tokens is backed by a dollar in reserves. Instead of self-attesting to its reserves, it reports them to Chainlink’s oracles via The Network Firm, a third-party accountant.

Source