Review on TrueUSD by Luca Gruenewald

Name: TrueUSD
Item: TrueUSD
Rating: 4

August 28, 2018

The project’s first stablecoin, and the flagship token of the platform is the…

The project’s first stablecoin, and the flagship token of the platform is the TrueUSD (TUSD), which is a stablecoin that is pegged to the U.S. dollar and claims to maintain as 1:1 ratio with the USD. The TrustToken team is betting that the TrueUSD will be the first of many asset-based tokens on the platform
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Pros

The team behind TrustToken brings a depth of knowledge and experience that is expected to help the project succeed and potentially exceed expectations. In addition to the trio of founders the TrustToken team consists of a full complement of developers and marketing professionals, as well as a solid group of project advisors.

Cons

TrustToken is attempting to tokenize real-world asset in a way that is realistic given the current state of money and banking. It offers institutional investors a way to enter the cryptocurrency ecosystem without exposing them to unnecessary and unfamiliar risks. However, the fact is that it still does not work