Review on TrueUSD by Jeff Shaw
high quality stable coin
TrueUSD is a stable coin on the ethereum blockchain that allows users to easily transact on the blockchain with a stable value which makes great as a means of exchange. The stable coin is fully regulated and compliant with country rules and regulations, and has been gaining users as evident in increasing market cap, active addresses, and transaction volume. The one down side of this stable coin much like Tether, USDC, and BUSD, the token requires custody in a centralized entity making it not trustless.
๏ปฟ
Pros
- regulated
- stable ideal for a means of exchange
- fully collateralized
- liquidity
- transparency
- ethical standards
- on ethereum blockchain
Cons
- competition among other stable coins
- not fully decentralized
- custodial
