1 Level
53 Review
-31.5 Karma
Review on TrueUSD by Ana A
Backed cryptocurrency. TrueUSD
Basically the Truesd, is a cryptocurrency, which its value is anchored to that of the dollar directly; something that characterizes this cryptocurrency from the others, since most of them are not usually anchored and are decentralized currencies. TUSD is backed by real money, making it considered one of the most stable cryptocurrencies. And it can be used for international exchanges at a financial level.
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There is legal protection for this currency, which in relation to its "faith" value, is usually higher than some others. This can be exchanged directly for USD, which has transformed it into a new form of USD, or USD +, which includes its digital part; without forgetting that it is centralized, very similar to petro; since it is in management and control of third party organizations that govern and coordinate the work of this cryptocurrency. Therefore, they are banks and competent bodies that manage the value of it.
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Pros
- Among its most important pros is the fact of its reliability in relation to its support for real money and the confidence it inspires for its stable value. .
Cons
- One of its disadvantages is that mining of this cryptocurrency is not possible, making it difficult to access. Personally I consider it a virtual money given its value of 1TUSD equal to 1 USD.
