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The Trustline Credit Network
The Trustline Credit Network is a regulatory-compliant stablecoin protocol built on distributed ledger (blockchain) technology. Our network uses the XRP Ledger's ripple protocol which was created by Ryan Fugger in 2004 and adopted by the creators of the XRP Ledger in 2012. The XRP Ledger's implementation uses the concept of trust lines and issued currencies to represent credit lines backed by fiat reserves held by institutions known as gateways. In 2020, Flare Networks published a proposal for a trustless stablecoin issued on the XRP Ledger via Flare smart contracts. After reading this paper, the founding team established Trustline Inc. in January 2021 to create a full-reserve stablecoin network backed by both real-world assets represented on the XRP Ledger and by crypto assets that are native to the Flare Network.
Trustline Inc. is a financial technology company and the Trustline app is a decentralized stablecoin wallet and payments app developed by Trustline Inc. Furthermore, Trustline Inc. is the principal developer behind Probity, an enterprise DeFi platform. The Trustline Credit Network is considered the multi-chain, decentralized stablecoin ecosystem, including the Probity platform and all downstream third-party applications. The ripple protocol on the XRP Ledger is the primary payment railway for the Trustline Credit Network because of its incredibly low fees. Flare is used as the DLT platform for the Trustline Credit Network's trustless banking functions by which stablecoin money supply is created through origination of stablecoin loans.