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Venezuela, Guatire
1 Level
364 Review
1267.25 Karma

Review on TrueUSD by Gabriel Medina

Revainrating 4 out of 5

A stable and ancient coin

TrueUSD is a stablecoin backed in US dollars. It was developed through TrustToken, which is dedicated to the creation of tokens backed by other assets so that they can be traded anywhere in the world. In TrueUSD we can buy or redeem, in any way, these funds already in your wallet can be transferred to others, or be used to pay for goods or services, just like other cryptocurrencies.
This platform emphasizes these characteristics:
  • Stable: The value is backed by USD.
  • Protection: You can use it legally after KYC.
  • 1 to 1 ratio: Mortgaged to USD.
  • Clara: Known by the public and subject to audits.
  • Security: Guaranteed the best possible privacy practices.
  • Direct withdrawal in banks: Transactions directly with the company's bank.
  • TrueUSD could represent an alternative in the volatility of the world of cryptocurrencies that terrifies those who do not take risks. All this for the power of exchange in the tokens in equivalence of 1 to 1 in dollars.

    

    Pros
    • It is one of the oldest stable coins, widespread but controversial.
    • It uses Ethereum's ERC20 token which is the most popular.
    • It has already been listed on major exchanges including Huobi and Binance.
    Cons
    • It is not as popular as the high volume pair Tethe (USDT).