Review on sUSD by francis fernandez
sUSD: a currency that links digital money with fiat money through a blockchain
In the cryptographic market, there are many cryptoactive projects that have been launched in the digital money industry in order to achieve universal use. However, they all have a common barrier to achieve this objective and this is the high volatility of their value; which translates into uncertainty and possible losses for its holders and investors.
With this in mind the founders of sUSD developed a digital currency whose value is linked to a fiat asset of stable value such as the US dollar. This is how stable value cryptocurrency was born to drive the blockchain operating platform.
sUSD is a digital asset of stable value, due to its peg or value in US dollars. The token operates under the operation of the Ethereum chain, which makes it an ERC-20 type token.
The cryptocurrency has a maximum issue limit of 64,483,521 sUSD, which are fully in circulation.
What does this token contribute?
• It is an open source cryptocurrency.
• It is a cryptocurrency with a stable price based on the dollar; a fiat currency.
• It is part of a highly scalable chain of blocks.
• It has a native hardware-type wallet to store your currency.
• It is a secure platform because its storage occurs outside the network.
• Its issue is backed by a FIAT coin.
• The fiat currency reserves that support the issuance of the cryptocurrency are in custody; which minimizes the possibility of fraud or theft.
Pros
- It is an open source platform.
- Its currency is compatible with multiple wallets, exchanges and payment platforms because its ERC-20 token gives it all the virtues of Ethereum.
- It has a value not subject to the volatility of the cryptographic market value due to its equivalent in US dollars
Cons
- It is subject to the regulations of a centralized entity.
