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Review on TrueUSD by Şahin NOYAN
The one sticking point of the project seems to be its incredible similarity to…
The one sticking point of the project seems to be its incredible similarity to Tether, a project with much the same use case. TrueUSD is asset-backed. TrueUSD believes that while algorithmic options cater more towards crypto startups, asset-back tokens will be preferable to more traditional financial institutions.
Pros
- The token logging and casting system ensures that every TUSD token is supported by 1 USD. The TrueUSD platform (TUSD) makes it easy for all assets to be encrypted and traded on the world market. Compared to other currencies such as Basecoin and MakerDAO, which operates on a proprietary basis, TrueUSD is supported by assets.
Cons
- However, I do not know if it can do that, does it have problems like Tether. Since there is no published Roadmap, I have no idea how this project will progress. However, I do not know if it can do that, does it have problems like Tether.
