In short, Trusttoken is a centralized company that provides borrowing&lending service, as well as stable coin, to the DeFi space. It currently has 5 stable coins, each pegged to a major currency in the outerworld. They are $TUSD (usd), $TGBP (British pound), $TAUD (Australian), $TCAD (Canadian), $THKD (Hong Kong).
Trusttoken is also launching a stable coin basket service that contains all five stable coins it provides.
All Trusttoken products are fiat-backed stable coins