“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized. Under this model, each token (in theory) should be backed 1:1 with a corresponding dollar in a related bank account.This model may not play out in practice as it does in theory, however. In a recent interview with Bitcoin Magazine, Reiss's comment summarizes the bulk of his answer to our first question: How is TrueUSD different from Tether?A Different Approach to Fiat-Backed StabilityUnlike Tether, which plays custodian, issuer and representative for all tokens and their congenital funds, Reiss explains that TrustToken has no control over the network’s monetary flow.“There are a few pretty major components,” he began. “To be honest, the biggest difference — when we started the businesses, we spent a lot of time architecting legal framework and also financial framework in terms of where the funds are held and how they’re held, which was built around removing us, the company, from the flow of funds and protecting all the token holders in a legal manner from us being able to withdraw or access their funds.”Instead, a combination of smart contracts, escrow accounts and fiduciary partners manage token supply and issuance. TrustToken’s fiduciary partners include the Nevada-based Alliance Trust Company and Prime Trust (which also ... For Further Information Click on Below Button