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TrueCoin is a stablecoin that aims to offer a more transparent alternative to Tether and its USDT digital token. Today, many exchanges use Tethers as a way for users to exchange cryptocurrencies into stable fiat currencies. However, Tether has faced criticism for its alleged lack of audits. TrueCoin, on the other hand, will adopt a completely different model, allowing users to view daily and monthly audits from outside professionals

Pros
  • TrueCoin also has a unique legal framework that allows users to exchange USD directly with a custodial account – so TrueCoin never touches the funds. Plus, publicly-audited smart contracts ensure a 1:1 parity between TrueCoin and USD in the accounts. The end result is a simple stablecoin without the need to trust some company’s hidden bank account or special algorithm
Cons
  • has faced criticism in recent months due to its lack of transparency. The company has been accused of not letting auditors verify its cash reserves. All USDT are supposed to be backed by $1 USD in a real, liquid reserve. However, it’s not clear if that’s totally the case. It causes a lack of trust for the participants. Takes time to learn the long lead to loss of long time attracting new investors

Now why would i be worried about them destroying a project? Probably the same reason for the other usd token we have around. Projects like these are great for avoiding the massive drops we see in crypto this year has shown some good examples. Issue is if fud gets out about certain stable coin projects it could see money flow out of the space. There seems to be a pretty good idea here and maybe this will become the stable token to use but there is nothing wrong with having a few choices to avoid

Pros
  • Staying constant at one usd pretty well
Cons
  • For me is relying on these guys to not destroy the project

overall they are very good, their assets are supported by blockbase who can exchange and trust. their assets are also guaranteed 100% by USD, they also have guarantor bank partners who will make investments safer, and they are very law-abiding, making their projects safe and profitable for investors

Pros
  • I think their project is good, they have tokenization tokens that can be trusted because they have a blockchain base.
Cons
  • They use bank partners, so they are less anonymous

TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legally protected, and transparently verified by third-party attestations. TrueUSD uses multiple escrow accounts to reduce counterparty risk, and to provide token-holders with legal protections against misappropriation. TrueUSD is the first asset token built on the TrustToken platform.

Pros
  • TrustToken is a platform to create asset-backed tokens that you can easily buy and sell around the world. For example, gold to gold tokens or dollar to dollar tokens.
Cons
  • Always stable know much fluctuation and not good for trading

TrueCoin, found online at TrueCoin.com, aims to create a USD-backed stablecoin called the TrueUSD. That digital token works in a similar way to Tether and its USDT: it promises to offer stable value backed 100% by real USD stored in a bank vault. Tether, of course, has faced criticism in recent months due to its lack of transparency. The company has been accused of not letting auditors verify its cash reserves. All USDT are supposed to be backed by $1 USD in a real, liquid reserve. However…

Pros
  • Good optimal stable coin
Cons
  • Doesnt bring anything new to the table

TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legally protected, and transparently verified by third-party attestations. TrueUSD uses multiple escrow accounts to reduce counterparty risk, and to provide token-holders with legal protections against misappropriation. TrueUSD is the first asset token built on the TrustToken platform.

Pros
  • TrustToken is a platform to create asset-backed tokens that you can easily buy and sell around the world. For example, gold to gold tokens or dollar to dollar tokens.
Cons
  • Always static

In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company. According to TrueUSD, the contents of said bank accounts are published every day and are subject to monthly audits. This method of storing USD ensures that the user can have greater trust in TrueUSD as the collateralized holdings are not centralized in any one entity, but instead distributed throughout many

Pros
  • Good project
Cons
  • I like it

Revainrating 5 out of 5

perfect

perfect

Pros
  • good system
Cons
  • none

Volume Market prices rose and fell very unevenly, making it difficult for people to trade , generally stable platform, good team , and still not very popular to all investors Be aggressive and choose the best route

Pros
  • GOOD team and Good trading system , good at based on the ethereum platform
Cons
  • It's not as widespread as I thought

TrueUSD (TUSD) is a stablecoin that you can redeem 1-for-1 for US dollars. Being the first asset token created on the TrustToken Platform, a platform that can be used to create asset backed token that can used to trade all around the world. TrueUSD token is an ERC20 token built by a well experienced and supportive team

Pros
  • It's the world's first legally backed stable coin. TrueUSD token is developed on the etherium platform (ERC20 token) which already has alot of support. It has a well experienced and supportive team. It boast of a very large investors and partners.
Cons
  • Trading activities can sometimes cause TrueUSD token volatile and unstable

The team at TrustToken has a goal to create a series of asset-backed tokens which can reduce to amount of risk involved with cryptocurrency investing, and help mainstream businesses feel more confident about embracing them. Their first project is TrueUSD, a dollar-backed stablecoin project which aims to avoid the many problems that have plagued its predecessor

Pros
  • Stablecoins offer a solution. Unlike most cryptocurrencies, they (at least in theory) do not experience any changes in price because their value is tied to that of a fiat currency. The most famous of these is true usd, a stablecoin created by true usd Limited that is tied to the US dollar at a 1-to-1 exchange rate. The idea was that the amount of USDT in circulation matched the amount of actual US dollars held true usd Limited’s accounts. Investors could trade their cryptocurrency holdings for USDT, offering a degree of protection against sudden crashes in crypto prices.
Cons
  • Know cons yet

Currently, TrueUSD is supported by USD. In the future, TrueEuro, TrueYen and the stable basket of tokenized merchandise (including precious metals and real estate) may be developed. The plan is for individuals to create their own token carts, with the market determining which assets are the most stable currency. TrueUSD's long-term goal is to become a stablecoin that the industry can trust.

Pros
  • TrueUSD (TUSD) has the advantage of stable currency, legal protection, 1: 1 conversion ratio, transparency, bank level security. Direct Banking: Users do not have to interact with TrueCoin when they want to exchange their money for USD. Instead, they can trade directly with the company's bank and TrueCoin never touches the fund.
Cons
  • Overall the project is so perfect and I can not see the project's weaknesses, too logical and too great,

I think true USD is much better than holding other risky crypto so I prefer it there is no doubt.

Pros
  • I really like true usd as well as all fix crypt like usdt and some other since they are fixed token and always belong in a fix price if market go down for safety of our fund we can hold it until market overcome. It also another erc20 crypto.
Cons
  • Since it is issued in erc20 blockchain so some time there maybe show transaction error so be careful before transferring. We need take care of it when there is less traffic then we should do transaction as our transaction process fast. Also there is only a group they should create more groups in local languages

Even though the technology has been discussed in tech circles and amongst insiders for years, it is only recently that cryptocurrencies have started making their way into the mainstream. As values of currencies begin to rise, it is hard for investors to keep their eyes off these new digital assets. With Bitcoin’s meteoric jump in value over the past couple of years resulting in a price of over $14,000 a token at the end of 2017, a variety of new cryptocurrencies have begun to appear in the…

Pros
  • Good optimal stable coin
Cons
  • Tough competition from other stable coin, liquidity