Review on TrueUSD by Vinh Quang

Name: TrueUSD
Item: TrueUSD
Rating: 5

August 28, 2018

TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legally…

TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legally protected, and transparently verified by third-party attestations. TrueUSD uses multiple escrow accounts to reduce counterparty risk, and to provide token-holders with legal protections against misappropriation. TrueUSD is the first asset token built on the TrustToken platform.
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Pros

It's the world's first legally backed stable coin. TrueUSD token is developed on the etherium platform (ERC20 token) which already has alot of support. It has a well experienced and supportive team. It boast of a very large investors and partners.

Cons

Since it is issued in erc20 blockchain so some time there maybe show transaction error so be careful before transferring. We need take care of it when there is less traffic then we should do transaction as our transaction process fast. Also there is only a group they should create more groups in local languages