1 Level
6 Review
3 Karma
Review on TrueUSD by Harold Estupiñan
Each TrueUSD token is backed up from 1 to 1 with real US dollars. However…
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.
Pros
- If you have an Ethereum wallet that we admit, you can get instant access to TUSD to protect yourself against market changes and position yourself for success, whether you want to charge or re-enter when prices fall.
Cons
- · USD funds are verified in certifications regularly scheduled by a trusted audit firm. · The token minting / recording system guarantees that each TrueUSD token is backed by 1 USD. · As an ERC20 token, TrueUSD can be stored in an Ethereum wallet (something that can not be done with USDT).
