Start using traditional money on the Blockchain
Digital money for digital India
Stablecoin backed 1-for-1 with Indian National Rupees
TrueINR (TINR) is a fully decentralized, legally protected and transparently verified ERC-20 token. It is pegged to the Indian national Rupee and maintains a 1:1 ratio. You can always redeem 1 TINR for Indian Rupee 1.00, giving it a stable price.
There exists a vast array of assets in the world which people freely choose as a store of value, a transactional medium, or an investment. We believe the blockchain is a better technology for transacting, storing, and accounting for these assets.
Partners & Technologies
Who's behind Blockchain?
Who's using TrueINR ?
Founder & CEO
Viresh Pratap Singh
Co-Founder & COO
TrueINR was introduced in early 2020. It was designed to be simple, transparent and reliable stablecoin..
TrueINR’s INR holdings may be distributed in various bank accounts that belong to different companies.
The involved parties have signed an agreement to publish the collateralized holdings regularly and conduct monthly audits. The token uses multiple escrow accounts to lower counterparty risk and provide holders legal protection against theft.
The core problem TrueINR is helping solve is digitising money. The current physical money in its traditional form is limited to geographical use. There have been growths in online money solutions however those are mere reflections of the traditional money only. Though such solutions are surely appreciable, however TrueINR is a radical upgrade to this solution which makes money truly usable on the internet! On-ramping traditional money on the blockchain results in seamless flow of funds over the internet. TrueINR is a premier solution that offers this as a service.
All TrueINR’s are pegged at 1-to-1 with a matching fiat Indian Rupee (e.g., 1 TINR = 1 INR) and are backed 100% by actual currency reserves. As a fully transparent company, TrueINR has plans to publish a audited timely record of our bank balances and the value of reserves it holds.