Review on TrueUSD by Robiul Islam
Price volatility has been the main issue with stablecoins thus far.
It will never make you rich soon, but it will help you save your capital. Many exchanges for altcoins do not allow you to put US dollars in your account, and not everyone wants to keep all their money tied to volatile assets.
As one would expect for stability, it is currently trading at $ 1.00. There have been ups and downs during the "attack", but most of the time it was worth it. Sell Bitcoin to cash in on your Bitcoin profits, sell to TUSD and bring some volatility off the table.
Pros
- It serves as a stable currency for digital exchange, backed by the US dollar.
- Whoever passes a standard known your customer, can drop it in exchange for a dollar.
- It is always fully collateralized by USD, with professional trust companies.
- Bank account holdings are published regularly and are subject to monthly credentials.
- Regular independent third-party evaluation by top auditing firms for best security practices.
Cons
- Apparently it shaded by its larger competitor USDT. While it arguably offers more protection and features, it can lose the marketing battle.
