Review on TrueUSD by LUIS RIVERO R
Digital asset backed in dollars.
It is a stable cryptocurrency whose value is linked to the American dollar, the money is protected in various companies with which TRUE signed an agreement for the placement of this guarantee. The information of those bank accounts is published daily and audited.
It has interesting features, since it is really backed by a capital fund.
Accounts managed by several companies avoiding that only one has access to them.
The data of the accounts is published daily.
Accounts audited by external entities.
To be able to use TrueUSD:
It is necessary to make a request and register online, you must necessarily verify personal data.
Later the money in dollars is sent to the fiduciary company after verifying the funds, they send your tokens to your compatible wallet with etherium.
It is important to note that this asset avoids risks related to the volatility of cryptocurrencies in this sense. This type of asset arises as a solution, it is also possible to send money to any part of the world and always send 1 to 1. It is to be considered that from its beginning this comania I create something of controversy, since some said that it was not necessary then already exist in the market several options that offer this type of assets.
But TrueUSD, is different since it has real support of its assets, it is simply the tokenization of a currency enabling total mobility and although privacy is sacrificed it is possible to use our assets anywhere.
Updated 5 years ago
Rating has not been changed
This is now one of the best options to safeguard capital considering volatility. although it is still limited to few exchanges and in some places it is limited. So far it seems to remain in the market.
Pros
- Token backed with American dollars.
- Funds held in accounts of various contracted companies.
- Audited company.
- Decrease of volatility of the assets since it will always have the value of 1 USD.
- Reduction of costs related to remittances or shipments.
- Easy change to fiat.
Cons
- Verification of data is necessary to acquire it directly on the True platform.
- Basically does not have negative characteristics, most of the reviews and articles have positive information about this project.
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Comments (3)
January 10, 2020
It is maintained but as you mentioned you need to add exchanges
January 02, 2020
It is best to keep the value of a cryptomone, some only want to use it for payments.
January 02, 2020
one of the main obstacles to the adoption of cryptocurrencies is volatility. Stablecoins will play an important role in massive adaptation
