1 Level
12 Review
4 Karma
Review on TrueUSD by aaron james
Each TrueUSD token is backed up from 1 to 1 with real US dollars. Howeverโฆ
Each TrueUSD token is backed up from 1 to 1 with real US dollars. However, TrustToken does not really have any reserve in USD. Instead, they have partnered with legally registered banks and fiduciary institutions that hold the dollars in custody, a proven and widely understood legal framework that has been in use for generations.
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Pros
- save fees
Cons
- Doesnt bring anything new to the table
