# Archblock Transfers $1 Billion to a Bank in the Bahamas to Support TrueUSD Stable Coin## IntroductionIn recent news
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Archblock Transfers $1 Billion to a Bank in the Bahamas to Support TrueUSD Stable Coin
According to reports, Archblock, the issuer of TrueUSD stable coins, has transferred $1 billion of reserves supporting the token to a bank in the Bahamas. An in
