Talk of stablecoins often causes investors to pause or hesitate these days. Stablecoins are typically backed by the United States Dollar. Therefore, they have a tangible value in fiat currency, so investors can trust that the coin is worth its actual value. Said value is contingent upon the stablecoin developers holding enough funds as collateral, though. If each stablecoin isn't backed by a corresponding USD, then various issues may arise. Stablecoin Tether Falls Under A Cloud Of Controversy For instance, Tether (USDT) recently came under scrutiny for severing ties with its auditor. An outside firm was set to release an official audit right before the connection between the two entities ceased. This meant that nobody could prove Tether actually held enough fiat currency to back up each Tether coin in circulation. A later audit confirmed Tether's reserve amount. However, the supposed audit didn't calm every investor's nerves. TrueUSD Takes Proactive Steps To Reassure Cryptocurrency Traders Tether isn't the only stablecoin in circulation at the moment. Others include USD Coin (USDC) and TrueUSD (TUSD). In fact, the latter stablecoin recently took steps to be more transparent with investors. TrueUSD recently partnered with Armanino to provide instant audits through a simplified dashboard. Traders can check, in real time, the escrow accounts and assets that collateralize TrueUSD, ensuring a 1:1 ratio always exists for TrueUSD. Why Transparency Matters Most With Stablecoins Traders like stablecoins because they mimic a real currency. These assets are backed by real currencies, so they act as a safety net in a tumultuous cryptocurrency market. When a stablecoin doesn't have enough assets to cover tokens in circulation, then the entire point of the stablecoin itself falls apart. Traders need to know they're holding something that's worth its fiat value. Undoubtedly, TrueUSD wants to avoid a Tether-like controversy. Although Tether handled its past controversy, questions still remain over its legitimacy. Traders won't soon forget about their concerns related to the asset. TrueUSD's partnership with Armanino helps legitimize the currency, which currently holds a market cap of $205 million. With this move, TrueUSD may soon grow in market capitalization before passing USDC in cap. Tether remains a far-off target with its $2 billion market cap, though.