Review on TrueUSD by Adedayo Adeniji
TrueUSD a price instability and volatility eradicator
This I have to report about TrueUSD, it is a dependable, transparent and flexibly simple stablecoin which means it curbs the price instability and high volatility problem facing the use of cryptocurrencies on day to day trading activities by the TrueUSD price being pegged to US dollar. It is introduced in 2018 and in its capacity I have seen it to be made for traders and exchanges by it curbing volatility, it is good for everyday people business by its price stability function, stablecoin like TrueUSD is an economy developer and can be used in loans and salary settlements, it can also be adopted by financial institutions to trade in the crypto market.
I realised it has a legal protection published by escrow accounts, you can redeem it for US dollar as long as you pass the kyc check as an individual or organisation, you can enjoy truthful fund management, it gives you full collateral as new tokens are minted and burned by publicly audited smart contracts. Be sure that its regular attestation is published openly.
With TrueUSD you can do very much more as it truthfully empowers you for that by it overpowering price instability and volatility. As ERC20 token it can be stored in any ERC20 compatible wallet.
Pros
- It is an ERC20 token and can be stored in ERC20 compatible wallet
- It is legally protected
- It is a stablecoin
- It prevents price instability
Cons
- It is hard to enlist in a portfolio
- It requires KYC/AML
