We partner with an unaffiliated third-party trust company in Nevada to hold custodial funds. The trust company in Nevada is overseen by the Nevada Department of Business and Industry, Financial Institutions Division. Therefore, TrueUSD is regulated by a state financial regulatory authority, similar to some of our competitors.
We are also registered with the Financial Crimes Enforcement Network ("FinCEN") as a federal money services business.
For more information on TrueUSD's regulatory status, please read our blog post Regulation of Stable Trust Companies.
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