Review on TrueUSD by onur bln
TrueUSD
The first regulated stablecoin fully supported by the US dollar. It is a coin with access to financial opportunities and global trade. Bitrex's new coin. As the name suggests, he vowed to dethrone tetheri It is called tusd. TrueUSD is a stablecoin initiated by parent company TrustToken, whose co-founder and CEO is Rafael Cosman. Cosman has always stated that TrueUSD is just the beginning of TrustToken's product line and requires relatively little work in return for creating a high-impact asset. TrueUSD aims to balance stability and utility, which are the main use cases of any stablecoin, with security in the form of regular attestations.
From its launch, parent company TrustToken has sought to highlight the importance of independent verification of the source of stablecoin. As such, the appeal of the stablecoin is towards larger investors looking to reduce risk in addition to smaller private traders. because its value is not quite for small investors.
TrustToken aims to provide maximum transparency using tools such as real-time auditing of TUSD's support and reliability.
Beyond relying on the validity of the USD constant, any security issue is related to those affecting all ERC-20 standard tokens. For example, if gas prices on the Ethereum blockchain rise, transactions can suffer from abnormally high fees. One of the largest USD stablecoins, TUSD is freely available on major exchanges with cryptocurrencies and other stablecoin pairs
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Pros
- quite a lot of profit margin
- fast transactions and reliable
- a very big coin
- you have little chance of hurting
Cons
- appealing to large investors
