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Review on TrueUSD by Son Tran Van
TrueCoin is a stablecoin aimed at providing a more transparent replacement for…
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 companySummary:
TrueUSD provides its token holders regular attestations of escrowed balances, full collateral, and also the legal protection against misappropriating underlying USD. The team believes that TrueUSD will be able to come up with the stable trading instrument for the traders of cryptocurrency that has been long-awaited. This will allow the businesses and consumers to use the digital currency as a medium of an exchange.
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 worldCons:
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
