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Revainrating 4 out of 5

TrueUSD is an ERC20 stablecoin that is claimed to be “fully collateralized…

TrueUSD is an ERC20 stablecoin that is claimed to be “fully collateralized, legally protected and transparently audited.” It is issued only against existing fiat reserves held by a central issuer, using multiple escrow accounts to reduce counterparty risk and to provide token holders with legal rights to the funds.

Pros
  • The market has proven that there is a strong demand for a reliable pair of transactions between electronic money and US dollars. The presence of TrueUSD on Bittrex meets that need. It has the stability of a fiat currency and the efficiency of a blockchain-based cryptocurrency with fast, cheap and traceable transactions
Cons
  • hese TrueUSD tokens you now hold are effectively certificates that can be redeemed for fiat USD. To redeem them, you send TrueUSD tokens back to the TrustToken, which activates a smart contract that will burn the amount of tokens you wish to exchange. TrustToken then notifies the bank holding the corresponding amount of USD in escrow, and they wire the USD directly to your bank account so i fell inconvenience

Revainrating 5 out of 5

TrueUSD provides its token holders regular attestations of escrowed balances…

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
  • TrustToken have partnered with registered fiduciaries and banks for holding the funds securely backed by TrueUSD tokens. To increase the amount of security, fiduciaries, and banks directly handle all the funds. Escrowed funds do not give access to the TrueUSD system.
Cons
  • 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

Revainrating 3 out of 5

TrustToken takes a realistic look at the state of cryptocurrency versus…

TrustToken takes a realistic look at the state of cryptocurrency versus traditional banking, offering institutional investors a pathway to crypto investing without the associated risk. The one sticking point of the project seems to be its incredible similarity to Tether, a project with much the same use case. The developers only address this similarity briefly, touching upon the topic of – not surprisingly – trust. It’s no secret that controversy swirls around Tether, and perhaps TrustToken and

Pros
  • In order to offer its users confidence in the value of the funds, TrueUSD has implemented a system of monthly, transparent audits of the multiple bank accounts used to store TrueUSD funds. These audits allow investors to scrutinize the TrueUSD tokens in the same way they would evaluate any other asset, a level of analysis that users of other Stablecoins are not able to access.
Cons
  • As more and more cryptocurrencies enter the market, it will be important to focus on which companies are offering tokens that are both stable and trustworthy. TrustToken, a brand-new startup with engineers from Stanford, Google, and Palantir, has developed the world’s first trustworthy, USD backed Stablecoin that offers immense amounts of support for investors and everyday people alike.

Revainrating 4 out of 5

This project will be compared to the Tether (USDT) until the token proves it…

This project will be compared to the Tether (USDT) until the token proves it has corrected the failures of its biggest competitor (audits). Growth should be sustainable.

Pros
  • This token is USD-backed ERC20 and is fully collateralized, legally protected, and verified by third-parties. TrueUSD uses escrow accounts to mitigate risk and to provide token-owners with protections against token misuses.
Cons
  • TrueUSD doesn't capture funds that are acquired with a degree of transparency. Lack of stability and transparency are few things in doubt

Revainrating 5 out of 5

The long-term goal for TrueUSD is to become a stablecoin that the industry can…

The long-term goal for TrueUSD is to become a stablecoin that the industry can trust.

Pros
  • TrueUSD is a stablecoin, or a cryptocurrency with a fixed price. Most of them peg, or attach, the price of the cryptocurrency to a fiat currency such as the dollar. This is in contrast to most cryptocurrencies which are known for their price volatility. Currently, TrueUSD is backed by the USD. In the future, TrueEuro, TrueYen and stable baskets of tokenized goods (including precious metals and real estate) may be developed. The plan is for individuals to be able to create their own baskets of tokenized goods, with the market deciding which assets are the best stable currencies.
Cons
  • lack of liquidity (ability to deposit or withdraw real USD) has led to multiple discrepancies in the USDT/USD markets provided by exchanges like Kraken and others.

Revainrating 4 out of 5

TrueUSD is a stable dollar supported by USD. TrueUSD offers credit card full…

TrueUSD is a stable dollar supported by USD. TrueUSD offers credit card full collateral, regular audits and legal protection in exchange for TrueUSD for USD. TrueUSD will provide a long-awaited transaction tool for electronic money trader, and allow consumers and businesses to use electronic money as a means of exchange.

Pros
  • As one of the most widely used legal vehicles for fund management, escrow accounts allow regular audits and legal protections for coin owners. See FAQ for more details. May change to USD Any organization that has a verified account going through a standard KYC / AML check has the option of buying TrueUSD for the dollar. Reliable Fund Manager Our legal framework allows you to exchange USD directly with your trust account - we never touch funds. Instead, we connect you with one of our trust accounts in our network of trust and banking partners to buy or redeem TrueUSD. This reduces the risk of conventional partners in other collateralized stable projects.
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

Revainrating 3 out of 5

In summary, TrueUSD gives its clients: Legal protection because it uses…

In summary, TrueUSD gives its clients: Legal protection because it uses deposit accounts in guarantees that allow regular auditing, one of the most used vehicles for managing funds.

Pros
  • TrueUSD utilizes multiple escrow accounts to reduce counterparty risk, and to provide cardholders with legal protection against expropriation. TrueUSD is the first property token built on the TrustToken platform.
Cons
  • TrueUSD requires high security for the user so we should consider using it.

Revainrating 5 out of 5

We believe TrueUSD will provide a long-awaited stable trading instrument for…

We believe TrueUSD will provide a long-awaited stable trading instrument for cryptocurrency traders, and enables consumers and businesses to use a cryptocurrency as a medium of exchange

Pros
  • TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legally protected, and transparently verified by third-party attestations. TrueUSD uses multiple escrow accounts to reduce counterparty risk, and to provide token-holders with legal protections against misappropriation.
Cons
  • The current fee: To purchase and redeem TrueUSD for USD: the larger of 10 basis points or $75. 10 basis points on transactions of TrueUSD between Ethereum wallets.

Revainrating 4 out of 5

TrueUSD has been created with a few use cases in mind including simple…

TrueUSD has been created with a few use cases in mind including simple financial services, trading, and online commerce. Although a very diverse infrastructure can be built around the TUSD token and other upcoming TrueCoins, the potentially strongest use case is as a replacement or alternative to USD on cryptocurrency exchanges

Pros
  • TrueUSD is the best project I have ever met, and they are very good because they use blockchain as a transaction control trust
Cons
  • TrueUSD does not capture funds that are acquired without anyone else in the bank that nobody knows. Funds removed by trusteeship trustees are consistently checked.

Revainrating 5 out of 5

TrueCoin, on the other hand, will adopt a completely different model, allowing…

TrueCoin, on the other hand, will adopt a completely different model, allowing users to view daily and monthly audits from outside professionals. Users – like exchanges – will also be able to exchange their TrueUSD 1:1 by interacting directly with TrueCoin’s affiliated trust companies, which means TrueCoin never actually handles your money during the withdrawal

Pros
  • Financial Services: Financial firms can enter crypto markets without getting immediate exposure to BTC or ETH. These companies receive receipts and proof of ownership for their TrueUSD tokens. Exchanges: Exchanges can offer customers a stablecoin they can trust. TrueUSD can be used as an alternative to traditional currency deposit methods. Crypto Traders: Crypto traders can hedge against volatility in the crypto market, moving money into crypto without immediate exposure to ETH or BTC. Commerce Platforms: Online purchases, salaries, escrow, and loans are enabled through price stability, allowing the mainstream adoption of digital currencies.
Cons
  • The company will initially only launch the TrueUSD. However, in the future, they plan to launch the TrueMuni, TrueYen, and other currencies. All of these currencies can be listed on exchanges around the world and traded globally. I think this is not good

Revainrating 4 out of 5

TrueCoin is a stablecoin that aims to offer a more transparent alternative to…

TrueCoin is a stablecoin that aims to offer a more transparent alternative to Tether and its USDT digital token. Today, many exchanges use Tethers as a way for users to exchange cryptocurrencies into stable fiat currencies. However, Tether has faced criticism for its alleged lack of audits.

Pros
  • TrueCoin also has a unique legal framework that allows users to exchange USD directly with a custodial account – so TrueCoin never touches the funds. Plus, publicly-audited smart contracts ensure a 1:1 parity between TrueCoin and USD in the accounts. The end result is a simple stablecoin without the need to trust some company’s hidden bank account or special algorithm.
Cons
  • TrueUSD does not capture funds that are acquired without anyone else in the bank that nobody knows. Funds removed by trusteeship trustees are consistently checked.

Revainrating 5 out of 5

overall they might be very good, because their project is very transparent to…

overall they might be very good, because their project is very transparent to investors, they have ownership recognition with financial and legal institutions, so they are legal in running a business, this is a good opportunity to seek profits for investors.

Pros
  • TrueUSD is the best project I have ever met, and they are very good because they use blockchain as a transaction control trust
Cons
  • They don't have many customers

Revainrating 5 out of 5

TrueUSD has been created with a few use cases in mind including simple…

TrueUSD has been created with a few use cases in mind including simple financial services, trading, and online commerce. Although a very diverse infrastructure can be built around the TUSD token and other upcoming TrueCoins, the potentially strongest use case is as a replacement or alternative to USD on cryptocurrency exchanges

Pros
  • In terms of the technology, TrueUSD implements a framework that ensures they are not in charge when issuing tokens. While the USDT tokens are issued on the Bitcoin blockchain through the Omni Protocol, TrueUSD tokens are based on the Ethereum blockchain, allowing for a more advanced issuance mechanism. I think it will have his speed very fast and handy translation
Cons
  • I noticed the lack of stability and transparency in the way of their activity. There are few things in doubt

Revainrating 3 out of 5

TUSD’s can cater to use cases such as: Crypto Traders and Exchanges: As a…

TUSD’s can cater to use cases such as: Crypto Traders and Exchanges: As a hedge against volatility Mainstream Commerce: For the benefit of digital currencies Developing Economies: Venezuela like countries Financial institutions: To facilitate institutional crypto investments

Pros
  • Legal Protection With Escrow Accounts: Escrow accounts are one of the most widely used legal vehicles for managing other people’s money, and it enables regular attestations and strong legal protection for token holders. Full Collateral: Every TrueUSD is always fully collateralized by USD, held in a professional trust company’s escrow account. TrueUSD’s publicly audited smart contracts mint TrueUSD when USD clears the escrow accounts and burns TrueUSD when USD is redeemed to ensure a 1:1 parity between the TrueUSD in circulation and the USD in the escrow accounts. Regular Attestations: The escrow account holdings are published regularly and subject to ongoing professional attestations. Here is a recent example of attestation by Cohen & Company
Cons
  • The current fee: To purchase and redeem TrueUSD for USD: the larger of 10 basis points or $75. 10 basis points on transactions of TrueUSD between Ethereum wallets.

Revainrating 5 out of 5

It will always be compared to the Tether (USDT) but, in general, this…

It will always be compared to the Tether (USDT) but, in general, this cryptocurrency is gaining ground, especially because it is correcting the failures of its biggest competitor such as audits, and that day by day it is getting stronger.

Pros
  • That supports your dollars in this volatile and manipulated market, it's always good to have the option to freeze your capital and TrueUSD is making a big name among investors as an alternative to Tether.
Cons
  • That it is relatively new and that Tether has much more volume, specifically the competition.

Revainrating 5 out of 5

It will always be compared to the Tether (USDT) but, in general, this…

It will always be compared to the Tether (USDT) but, in general, this cryptocurrency is gaining ground, especially because it is correcting the failures of its biggest competitor such as audits, and that day by day it is getting stronger.

Pros
  • That supports your dollars in this volatile and manipulated market, it's always good to have the option to freeze your capital and TrueUSD is making a big name among investors as an alternative to Tether.
Cons
  • That it is relatively new and that Tether has much more volume, specifically the competition.

Revainrating 5 out of 5

I rated 5 stars

I rated 5 stars

Pros
  • It is a popular currency in trading platforms for the convenience of trading it
Cons
  • The project has not communicated well with the people in the world who do not know much about it

Revainrating 5 out of 5

Tokenizing real-world assets is something that is seen as having great…

Tokenizing real-world assets is something that is seen as having great potential as it will unlock value and create a trustless environment free of the need for expensive third-party intermediaries. We’ve seen it working already in the tokenization of digital assets, such as crypto-collectibles, and DigixDAO has also successfully tokenized gold.

Pros
  • TrustToken is a relatively new platform created with the vision of creating encrypted assets available. These are cryptocurrencies which are also called "stablecoins" because their prices tend to be more stable because they are tied to real world assets.TrueUSD will use multiple escrow accounts to reduce counterparty risk as well as protect legitimate owners from theft.
Cons
  • TrustToken is a bit different from BaseCoin and MakerDAO because they use algorithms to maintain stability, while TUSD maintains stability with the remaining assets supported. This gives TrustToken a significantly different target audience.

Revainrating 4 out of 5

In contrast to algorithmic stablecoins such as Basecoin or MakerDAO, which are…

In contrast to algorithmic stablecoins such as Basecoin or MakerDAO, which are protocol-based, TrueUSD is asset-backed. TrueUSD believes that while algorithmic options cater more towards crypto startups, asset-back tokens will be preferable to more traditional financial institutions. Stablecoins such as Tether also peg their cryptocurrency to the dollar, but the coin has become shrouded in controversy, with claims that the Tethers are not backed up with dollar reserves at a one-to-one ratio.

Pros
  • TrustToken created TrueUSD to meet the strong demand we heard from traders to have a fully collateralized stablecoin,” TrustToken co-founder and CTO Rafael Cosman explained to VentureBeat. “TrueUSD’s rise to over $12 million market cap in less than two months since its launch demonstrates the value of a price-stable cryptocurrency that is truly redeemable for USD.”
Cons
  • In contrast to algorithmic stablecoins such as Basecoin or MakerDAO, which are protocol-based, TrueUSD is asset-backed. TrueUSD believes that while algorithmic options cater more towards crypto startups, asset-back tokens will be preferable to more traditional financial institutions. Stablecoins such as Tether also peg their cryptocurrency to the dollar, but the coin has become shrouded in controversy, with claims that the Tethers are not backed up with dollar reserves at a one-to-one ratio.