trUST — Synthetic Settlement Dollar
trUST is a permissioned on-chain settlement token built for CommTrade. One trUST represents one US dollar, backed 1:1 by stablecoins in audited Berachain vaults. Telecom operators on CommTrade use it to settle B2B transactions between each other.
It is a settlement instrument, not a general stablecoin. A correspondent banking wire between carriers takes 2–5 days and costs 1–3% in fees. trUST settles the same obligation on-chain in the same block, without a bank. It accrues no interest and carries no yield.
What Problem trUST Solves
Telecom wholesale settlement is a $300B annual flow between carriers. When a voice call routes from Network A to Network B, Network A owes a settlement payment. Carriers clear these monthly: bilateral netting, then a wire through a correspondent bank.
- Float risk: carriers extend 30–90 days of unsecured credit to counterparties
- Reconciliation overhead: CDR matching, dispute resolution, and FX conversion across dozens of bilateral relationships
- Counterparty exposure: a large carrier default cascades across the settlement chain
- Banking friction: correspondent fees, SWIFT delays, and cut-off times on international wires
CommTrade records the verified obligation on-chain. Carriers settle it in trUST: instant, auditable, no bank.
How trUST Works
- Onboarding: A telecom operator completes CommTrade KYB/KYC. The SukukFi operator grants minting access.
- Minting: The operator deposits USDC.e, USD₮0, or HONEY into the trUST vault. The deposit queues as an async ERC-7575 request. The SukukFi operator reviews and approves, at which point trUST is issued 1:1 to the operator's wallet.
- Settlement: The operator transfers trUST to the counterparty's CommTrade wallet to settle verified traffic invoices. Berachain records every transfer: immutable, timestamped, auditable by both parties without a bank.
- Redemption: The receiving carrier redeems trUST for the underlying stablecoin at any time. No operator approval needed.
Key Properties
- 1:1 peg: Every trUST is backed by exactly one dollar of stablecoin in the vault. No fractional reserve, no algorithmic component.
- Permissioned issuance: Only KYB-verified CommTrade participants can mint trUST. See Why trUST is Permissioned below.
- Permissionless redemption: Any trUST holder can redeem for the underlying stablecoin at any time. No lock-up, no approval.
- Not yield-bearing: trUST accrues no interest or profit share. Its value is always $1.00. Yield accrues to SukukFi LP token holders (duPRT), not trUST holders.
- On-chain auditability: Every mint, transfer, and redemption lands as an ERC-20 Transfer event on Berachain. Any party can verify the settlement history without asking a bank for records.
Why trUST is Permissioned
Minting requires operator approval. Without it, a permissionless trUST would face arbitrage attacks, depegging cascades, and wash-trading that would make it unreliable as a settlement instrument.
For example: a 0.2% DEX premium on permissionless trUST lets a $10M flash loan extract $20,000 per block by minting at par and selling at premium. That MEV pressure erodes vault backing or forces the operator into constant rebalancing, both of which break settlement reliability.
Permissioned minting also enforces the commercial boundary. trUST goes to verified CommTrade participants with real settlement obligations, not to the general market. Token velocity stays tied to actual telecom traffic, not speculative demand.
For the specific arbitrage scenarios the permissioned model prevents, read How trUST Avoids Arbitrage Risk.
Contract Details
| Property | Value |
|---|---|
| Token name | trUST |
| Standard | ERC-20 / ERC-7575 (async vault wrapper) |
| Decimals | 18 |
| Network | Berachain mainnet (chainId 80094) |
| Token address | 0xdaB8586b5126b7B1FCA5611543905597c9910670 |
| Backing assets | USDC.e, USD₮0, HONEY |
| Mint model | Permissioned async (operator approval required) |
| Redeem model | Permissionless, instant on-chain |
Who Can Use trUST
Telecom operators and carriers complete CommTrade onboarding to gain minting access. This includes:
- Wholesale voice and data carriers with active CommTrade credit lines
- Technology intermediaries routing traffic on behalf of Tier 1 operators
- SukukFi-approved liquidity providers settling vault obligations
To start CommTrade onboarding and gain trUST minting access, contact the SukukFi team via Contact & Support.
If you refer new capital providers to SukukFi vaults, see Invite Code for the LP Introducer Commission programme, where eligible referrals earn monthly trUST payouts.