Review on TrueUSD by yahya abdalla

Name: TrueUSD
Item: TrueUSD
Rating: 5

August 28, 2018

True USD has been created with a few use cases in mind including simple…

True USD has been created with a few use cases in mind including simple financial services, trading, and online commerce. Although a very diverse infrastructure can be built around the TUSD token and other upcoming TrueCoins, the potentially strongest use case is as a replacement or alternative to USD on cryptocurrency exchanges
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Pros

TrueUSD is a stablecoin, or a cryptocurrency with a fixed price. Most of them peg, or attach, the price of the cryptocurrency to a fiat currency such as the dollar. This is in contrast to most cryptocurrencies which are known for their price volatility. Currently, TrueUSD is backed by the USD. In the future, True Euro, TruYen and stable baskets of tokenized goods (including precious metals and real estate) may be developed. The plan is for individuals to be able to create their own baskets of tokenized goods, with the market deciding which assets are the best stable currencies.

Cons

TrueCoin is a stablecoin aimed at providing a more transparent replacement for Tether and its USDT digital token. However, I do not know if it can do that, does it have problems like Tether. And not much information about the company