We partner with unaffiliated third-party trust companies in the state of Nevada to hold the escrowed funds. The Nevada Department of Business & Industry, Financial Institutions Division regulates Nevada State Trust Companies. Therefore, TrueUSD is regulated by a state financial institutions regulator, similar to a few of our competitors.
We are also registered as a federal Money Service Business with the Financial Crimes Enforcement Network ("FinCEN").
For more information regarding the regulatory status of TrueUSD, please read our blog post entitled, "On the Regulation of Stablecoin Trust Companies."