What Is TrueHKD (THKD)?

TrueHKD is a Hong Kong dollar stablecoin pegged to HKD at 1:1. First launched 2019, 

TrueHKD is one of a number of cryptocurrency stablecoins administered by TrustToken, a platform for tokenizing real-world assets.

As with other stablecoins, TrueHKD aims to facilitate increased liquidity and provide cryptocurrency traders and general users with a nonvolatile asset relative to free-floating tokens such as Bitcoin (BTC).

The new Hong Kong dollar-backed stablecoin, TrueHKD, is one of several currencies TrustToken launched to open up new opportunities for payments, international remittances, and foreign exchange.

Who Are the Founders of TrueHKD?

TrueHKD is a stablecoin launched by parent company TrustToken, whose co-founder and CEO is Rafael Cosman.

Cosman has a lifelong attachment to cryptography, studying it along with artificial intelligence (AI) before working at both Google Brain and software company Palantir. He left Google to create TrustToken in 2017.

How Is the TrueHKD Network Secured?

TrustToken aims to deliver maximum transparency using tools such as real-time auditing of THKD’s backing and reliability.

Beyond trusting the validity of its HKD peg, any security issues relate to those which affect all ERC-20 standard tokens. Transactions, for example, can suffer from abnormally high fees if gas prices on the Ethereum blockchain spike.