1 Level
5 Review
0 Karma
Review on TrueUSD by Kiara Tovell
At present, the TrueUSD (TUSD) is backed by the American dollar. In the yearsβ¦
At present, the TrueUSD (TUSD) is backed by the American dollar. In the years to come, there is scope for other like TrueEuro as well as TrueYen and a host of stable tokenized goods such as but not limited to precious metals and real estate to be developed.
ο»Ώ
Pros
- TrueUSD uses multiple escrow accounts to reduce counterparty risk and to provide token-holders with legal protections against misappropriation. It is also the first asset token built on the TrustToken platform-which is a platform to create asset-backed tokens that you can easily buy and sell around the world
Cons
- TRUESD age limits. Not everyone can buy and use easily. TrueSD's growth problem has many problems and has not been resolved thoroughly. This has had a great impact on its growth rate in the face of fierce competition with other projects today.
