TrustToken opens its dollar-backed cryptocurrency to accredited investors279.93

Pitching a dollar-pegged token that offers cryptocurrency speculators a way to move their investments across volatile exchanges, TrustToken (the first public investment from a16z crypto) is now looking for public investments from accredited investors on CoinList.

The company’s first token is TrueUSD, a stablecoin that is redeemable one-to-one for U.S. dollars. In its first four months of trading the speculative investors that are looking for some sort of island of security have boosted the coin’s market price to over $85 million.

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