TrueUSD (TUSD)
What is TrueUSD?
TrueUSD (TUSD) is a stablecoin that is 1:1 pegged to the US dollar and fully backed. TrueUSD was launched in 2018 and was originally conceived as a reliable and simple coin. Based on this idea, TrueUSD does not use special algorithms or hidden bank accounts. All TrueUSD assets are held in different bank accounts and are owned by trust companies. Such distribution is necessary to reduce the risks associated with each individual counterparty. Also, on a daily basis, assets that provide TrueUSD are published and checked once a month.
The TrueUSD tool was released for:
- Various exchanges and traders. A stablecoin is very well suited for insuring risks associated with high market volatility.
- Basic commerce. People and companies that work in the real sector of the economy can quite simply use blockchain technology in their daily activities, while not exposing themselves to a large price risk, which is present in most other cryptocurrencies.
- Developing economies. TrueUSD can be used as a stable currency for trading.
TrustToken
TrustToken is a platform with which you can make your own tokenized cryptoassets. According to the information on the website of the project, it aims to tokenize completely different assets – gold, oil, real estate, digital content, etc. TrustToken employs many people from very well-known companies and institutions such as Google and Stanford. Also, the project has plans to implement the possibility of fractional ownership, this will allow you to own parts of certain assets, without having to buy them entirely. For the correct functioning of this entire systеm, TrueUSD (TUSD) is needed. It is used as a medium of exchange between completely different asset classes.
The project also has a procedure for the reverse exchange of TUSD for US dollars. If you bought TUSD directly from the project using a smart contract – send TUSD tokens to the address of the smart contract, which, in turn, informs the trust company about this and starts the transfer in fiat currency back to the user account.
TrueUSD Mining
TrueUSD is a token whose value is backed by real assets, which means it cannot be mined. In order to create new TrueUSD tokens, you need to issue TUSD for US dollars through the official website of the company.
How to buy TrueUSD?
You can buy TrueUSD both through the official website of the company by issuing new coins, and through various crypto exchanges or with the help of reliable crypto exchangers, such as Leoexchanger!.
TrueUSD price dynamics (in US dollars)
TUSD is a stablecoin, which makes its price stable and pegged to the US dollar. The total market capitalization is $885,000,937.
The price movement chart is shown below:
How to store TrueUSD?
You have to choose how you want to store your cryptocurrency. It can be either one of the many crypto wallets or an account on one of the crypto exchanges. You just need to choose the option that will be the most reliable and convenient for you.
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