Review on TrueUSD by Fanuel PORPORTY
The TrueUSD token is a stable token that replicates (1: 1) the US dollar. One of the best
The TrueUSD is an ERC-20 token (running on the Ethereum Blockchain) and created by the TrustToken platform. It was designed to compete with Tether (USDT) in a more transparent and reliable way.
The main difference from the USDT is the requirement for TrueUSD to use smart contracts to issue or redeem TUSDs. The dollar funds supposed to guarantee the value of the tokens are also kept in a blocked bank account, which allows greater confidence in price stability.
The balances of the bank account in question are verified by regular audits and published publicly to avoid an excessive emission of tokens compared to the available funds.
Pros
- The TrueUSD token (TUSD) is supported by many major cryptocurrency exchange platforms.
- TrueUSD benefits from high liquidity through a large number of combined tokens issued and a large number of platforms supporting the TUSD token.
Cons
- The trust model used by TrueUSD is unclear to the end user due to the separation of the token issuer and the US dollar reserve entity.
- Le rachat direct de TUSD n’est ouvert que pour les «traders à volumes élevés»
- The buying and buying process is not ideal for retail users.
