Review on HonestCoin by LUIS RIVERO R
Stable token with the dollar. Available in BCH and ETH
This is a stable cryptocurrency with the US dollar, this being its main 1 to 1 endorsement. This token works on the Ethererum and BCH blockchain as a utility token, so it can be stored in wallets that support these standards.
You can make payments anywhere using this asset without thinking about the problems related to market volatility.
In general, this is another Stablecoin with the particularity that is associated with projects in the USA that are in charge of verifying that USDH complies with the regulations and is totally legal in the United States and its laws, it also has different firms that audit the funds to corroborate that is actually 1 USD for 1 USDH.
It basically has the same backup protocol as TrueUSD in which the funds are only there to comply with current regulations, also remembering that the administrators of this project will never have direct access to the funds, so you can be sure that your USDH it is fully supported.
Pros
- Stable and is backed by USD.
- It can be exchanged whenever you want for USD.
- Use the BCH protocol to issue your assets and ETH.
Cons
- It is only listed on a few exchanges.
- KYC is required to buy USDH directly
