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Review on TrueUSD by Bünyamin Sevinç

TrueUSD

In my post today, I will talk about another project, TrueUSD.

Listed and trusted by major exchanges, TrueUSD is a stablecoin. I can say that it plays an important role in the blockchain ecosystem.

TrueUSD is the first asset token created on the TrustToken platform.

It is a large and rapidly evolving ERC20 standard token within the Ethereum blockchain ecosystem.

TrueUSD offers its users open source smart contracts to power their transactions.

I can say that it is one of the safest stablecoins available now.

It is completely legal.

Token holders are legally protected from abuse and TrustToken company accounts are FDIC insured.

In addition, these smart contracts have been independently audited by three separate security firms without any problems.

The liquidity and trading pairs of this stablecoin are increasing month by month.

In addition, TUSD can be easily stored in personal ERC-20 compliant wallets, reducing the third-party risks users have.

As a result, TrueUSD emerged as a legitimate competitor in the stablecoin market. I can say that transparency, maturing liquidity and initial compliance approach reinforced its status as an alternative to USDT.

Thank you to everyone who reads and those who do not.



Pros & cons

  • It is completely legal and regulated.
  • FDIC insured.
  • It trades at a fair volume on top exchanges including Binance and Bittrex.
  • It can be easily stored in ERC-20 compatible wallets.
  • Not for now.