1 Level
5 Review
-1 Karma
Review on TrueUSD by Jayden Seekamp
Electronic money has a lot of potential to outperform, but their volatile…
Electronic money has a lot of potential to outperform, but their volatile nature is one of their biggest criticisms. Because TUSD is a stable currency, it provides cryptographers with a refuge in high volatility and is likely to increase it in the digital currency market.
Pros
- The USD Fund is held securely in a third party account, which is the escrow account, in which TrustToken does not hold any direct access to the fund and can not ignore them even if they wish. The token logging and casting system ensures that every TUSD token is supported by 1 USD. One of the main advantages of TUSD is security, which is why it does not even have access to the amount of users on its own system, rather then to deposit it, which can is a positive note for the user.
Cons
- Although TUSD is a unique product, it is likely to be overshadowed by larger rivals - Tether. While TUSD is offering more features and security, it can lose the marketing battle.
