TrueUSD (TUSD) Partners Top Accounting Firm To Enhance Transparency For Crypto Holders

TrueUSD strengthens crypto trust, partnering with MooreHK for daily attestations, marking a significant industry stride.
By Rupam Roy
Updated July 21, 2025
TrueUSD TUSD Depegs

In a notable initiative aimed at boosting transparency and building trust, TrueUSD (TUSD) has forged a partnership with Moore Hong Kong (MooreHK), a prominent accounting firm with a storied history dating back to 1975. Starting January 2024, MooreHK will conduct daily attestations, providing stakeholders and TUSD token holders with detailed reports, reinforcing TUSD’s commitment to reliability and industry leadership.

Advertisement
Advertisement

TrueUSD Bolsters Transparency with MooreHK Partnership

TrueUSD, a prominent stablecoin, is set to elevate its transparency game with a strategic collaboration with Moore Hong Kong (MooreHK), a distinguished accounting firm boasting a legacy of over four decades. Notably, this alliance, a key component of TUSD’s global expansion initiative, aims to provide daily attestations starting January 2024. In other words, MooreHK’s expertise will play a crucial role in fortifying TUSD’s position as a transparent and trustworthy stablecoin in the global market.

Meanwhile, a representative from TUSD underscores the importance of reserve attestations for stablecoins. Emphasizing the pivotal role, the spokesperson highlights the partnership with MooreHK and The Network Firm, positioning them as vital allies providing robust support for TUSD’s upcoming endeavors in expanding its market presence.

In addition, Michelle Chu, the Senior Assurance Director at MooreHK, conveys her excitement by affirming the commitment to leverage advanced attestation tools. These tools aim to boost the transparency of TUSD, assuring users of closely monitoring the reserves through regularly provided attestation reports, fostering a heightened level of confidence among TUSD users.

Also Read: Solana’s ANALOS Aids Trader In Amassing Colossal Profits, ANALOS Price To Sustain Rally?

Advertisement
Advertisement

Commitment to Innovation and Transparency

TrueUSD’s proactive approach to collaboration with established entities like MooreHK aligns with its continuous efforts to pioneer transparency in the stablecoin ecosystem. Over the years, TUSD has explored innovative solutions through third-party audits, making its on-chain Proof of Reserve a beacon of transparency in the blockchain industry.

Meanwhile, as TUSD solidifies its standing as a transparent and reliable stablecoin, the partnership with MooreHK signals a commitment to providing users with the confidence to monitor reserves effectively. The company remains dedicated to exploring innovative avenues for development, ensuring secure, stable, and transparent stablecoin operations.

Talking about the partnership, Patrick Rozario, the Managing Director of MooreHK Advisory Services, emphasizes the significant collaborative opportunities, expressing that the partnership with The Network Firm holds the potential to unlock numerous possibilities and prospects within the blockchain ecosystem of the Asia Pacific region.

Also Read: Hong Kong’s ZA Bank Expand Web3 Offerings To 80 Firms Including OKX

Advertisement
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.