Review on TrueUSD by Ogulnar Annamuhammedova

TrueUSD, a dollar-backed stablecoin that you can exchange. For now, 100% is backed by US dollars in legally protected escrow accounts with multiple bank partners so you can trade, send and receive payments with peace of mind.

TrueCoin is a service that links asset tokens to the TrustToken platform and lists them on exchanges. The TrueCoin names are trusted by traders as they have a legally secure connection to the underlying assets based on TrustToken and fiduciary network standards.

Who is TrueUSD for?

* Financial services

Enter crypto markets without immediate

impact on BTC or ETH. Receipts and

confirmation of ownership of TrueUSD tokens

* Exchanges

Offer customers the stable mosaic they

can trust. Use TrueUSD as

alternatives to traditional methods of buying currency

* Crypto traders

A hedge against volatility in the cryptocurrency market.

Move money to crypto without immediate

impact of BTC or ETH

* Commerce

Online shopping, salaries, escrow and

loans are allowed through price stability that

allows the use of major digital currencies

currencies

* Token usage

Pays for proxies who perform

accounting requirements and interact with legal

financial institutions

Equalizes incentives between platform participants and

holds back bad participants

Provides all underlying SmartTrusts assets.

The work is going on with several trust companies that already manage billions of dollars. Pass the KYC / AML verification and send USD to the trust company with an escrow agreement. When they verify your funds, their API instructs our smart contract to issue the TrueUSD equivalent to your Ethereum public address.

To redeem the USD, you submit a KYC / AML check, send a smart contract with your TrueUSD tokens from your registered Ethereum address, and then the escrow bank will send you the funds. Thus, the TrueUSD system does not affect funds, and trust companies make all purchases and receipt of your money through escrow accounts.

When you connect funds and complete the KYC / AML process, you become the beneficial owner of the escrow account you sent funds to. Your account ownership is legally recognized and every 1 TrueUSD token you receive is like a $ 1 redeemable certificate of ownership through escrow.



When you connect funds and complete the KYC / AML process, you become the beneficial owner of the escrow account you sent funds to. Your account ownership is legally recognized and every 1 TrueUSD token you receive is like a $ 1 redeemable certificate of ownership through escrow.