trUST Settlement Token
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 with each other.
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, with no 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 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, then SukukFi issues trUST 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, and auditable by both parties with no bank.
- Redemption: To exit, a holder requests redemption for the underlying stablecoin. The SukukFi operator reviews and approves it, then the holder burns trUST and receives stablecoin 1:1. Minting and redemption both go through operator review. There is no permissionless path in or out.
Key Properties
- 1:1 peg: The vault holds exactly one dollar of stablecoin for every trUST. No fractional reserve, no algorithmic component.
- Permissioned issuance: Only KYB-verified CommTrade participants can mint trUST. See Why trUST is Permissioned below.
- Operator-reviewed redemption: The SukukFi operator approves each redemption before it settles, the same review that governs minting. Neither direction is permissionless.
- No yield: 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 verifies the settlement history without asking a bank for records.
Why trUST is Permissioned
Both minting and redemption require operator approval. Open minting or open redemption would expose trUST to arbitrage attacks, depeg cascades, and wash-trading. Gating both directions removes the atomic window an attacker needs on either side.
Consider a 0.2% DEX premium on open-mint trUST: a $10M flash loan extracts $20,000 per block by minting at par and selling at the premium. Redemption carries the mirror risk. An open redeem path lets the same capital buy trUST below par and redeem at $1.00, draining backing from the other side. That pressure erodes the vault or forces the operator into constant rebalancing. Operator review on each side shuts the window.
Permissioned minting also enforces the commercial boundary. trUST goes to verified CommTrade participants with real settlement obligations. 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 | Permissioned (operator approval required) |
Who Can Use trUST
Telecom operators and carriers complete CommTrade onboarding to gain minting access:
- 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 at Contact & Support.
Capital providers who refer new depositors to SukukFi vaults can earn monthly trUST payouts through the LP Introducer Commission programme. See Invite Code for details.