Our TrustToken partnership enables businesses to send and receive payments instantly using digital currencies backed by the US Dollar, British Pound, and Australian, Canadian, and Hong Kong Dollar.
In recent months, digital currency has exploded in growth as an increasingly accepted form of B2B payment.
Digital currency, which is up to 100x cheaper and 1000x faster than international wire transfers, presents a tremendous opportunity to increase the speed and efficiency of global commerce.
However, one common criticism of digital currencies like Bitcoin is the rate of volatility compared to traditional currencies like the US dollar. TrustToken addresses the volatility of digital currency through the issuance of TrueCurrencies, digital tokens that are backed by traditional assets in a bank account. TrueUSD, the first stablecoin issued by TrustToken, is regulated and fully and transparently backed by US Dollars.
Gilded's partnership with TrustToken enables businesses to send and receive business payments using TrueCurrencies. Today, a business can sign up for Gilded and begin invoicing in TrueUSD and TrueGBP. In the near future, the TrueCAD, TrueAUD, and TrueHKD currencies will also be supported.
"The Gilded & TrustToken partnership gives businesses the ability to send international payments more quickly and cheaply than ever before, proving another practical use case uniquely enabled by our family of stablecoins. We’re excited for TrueCurrencies to become an even larger part of daily global use and a preferred payment method for talented workers.” -Stephen Kade, Co-Founder of TrustToken.
"The Gilded digital payment solution powered by TrustToken offers unparalleled speed, transparency, and cost savings for payments made to or from any part of the world," said Gil Hildebrand, CEO of Gilded. "With our TrustToken partnership, we're empowering business to take a bite out of the billions of dollars in excess fees charged by banks for international wire transfers."
TrustToken is modernizing financial infrastructure to make economic opportunities open to all.
Our TrueCurrencies (TUSD, TGBP, THKD, TCAD, TAUD) are the world's first independently-verified, fully collateralized stablecoins, now trading on top exchanges including Binance, Huobi, and OKEx and generating billions in monthly trade volume. TUSD users enjoy lighting-fast transactions, the lowest transaction costs of any stablecoin, easy exchange to and from dollars, and obsessive customer service.
Founded in 2017, the TrustToken team is based in San Francisco and Ireland, made up of talented people from Airbnb, AMEX, Apple, Coinbase, Facebook, and Google - and an office puppy from Texas. We're backed by top investors from a16z crypto, BlockTower Capital, Founders Fund Angel, Danhua Capital, GGV Capital, Jump Capital, and Stanford StartX.
Gilded empowers businesses to transact globally, using blockchain to unlock more efficient business operations. Our seamless invoicing, payment, and accounting software helps businesses get paid faster and more transparently, with dramatically lower fees.
Founded in 2018, Gilded is backed by Techstars and Request Network, and was recently selected to participate in an accounting-focused startup accelerator presented by the Association of International Public Accountants (AICPA) and CPA.com.