Review on TrueUSD by Özgün A
A cryptocurrency that appeals to large investors but can be used by anyone
TrueUSD is a project built on blockchains.
TrueUSD is an erc token. Transactions are carried out on ETH's smart contracts. It runs on the Ethereum network but is integrated 1: 1 with dollars. Therefore, it is little affected by price fluctuations. It is stable coin. It is listed on many exchanges, especially major exchanges such as Binance and Kucoin. With TrueUSD, trading pairs are created every day in stock exchanges
TrueUSD is insured by its developers, so it can be audited in unusual cases. TrueUSD is open source and the project is constantly updated and developed. As fiat money, the American dollar is the most widely used and most common currency in the world. It is almost impossible to have problems with this project, as TrueUSD is associated with the fiat currency, the US dollar. TrueUSD is logically very similar to Tether.
You can store TrueUSD in hardware wallets and cold wallets. Transaction volume and the number of tokens used are increasing day by day. I think TrueUSD, one of the cryptocurrencies I have in my wallets, will be one of the leading crypto currencies in terms of reliability and transparency, but its operation on the erc-20 network causes transaction speeds to decrease. Some US banks announced that transactions can be made with TrueUSD.
Pros
- Reliability and transparency are at the forefront
- An insured cryptocurrency
- Not affected by price fluctuations
Cons
- Not sure if it can rival Tether
