Review on TrueUSD by Syed Adnan
TrueUSD is really popular stablecoin.
These nationally stable currencies provide a great deal of protection for investors as they protect investors from the price crunch due to the high volatility associated with any cryptocurrency.
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This is an exciting project with many possibilities. It continues to gain popularity as a transparent and useful stable, and of course its focus on nder compliance and transparency in becoming a top stabilizer has made it a strong competitor for Tether, which has a long history of questioning methods. Over time, TUSD may even become an alternative to USDT.
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Pros
- USD funds are verified by a trusted auditing firm.
- There is no direct access to USD Holdings even if you want TrustToken.
- The token minting and burning system ensures that $ 1 per TSSD token is backed up.
- As an ERC20 token, TUSD can be stored in the Ethereum wallet.
- Mandatory KYC / AML compliance ensures that TUSD keeps shady characters away from the scandal of the project.
Cons
- This is an incredible tool for any cryptocurrency trader. Since it is listed in fast, adding to your portfolio has not been so easy.
