Review on TrueUSD by Renal Radja
TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legallyโฆ
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.
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Pros
- As one of the most widely used legal vehicles for managing other peopleโs money, escrow accounts enable regular attestations and strong legal protection for token holders.
Cons
- Although TUSD is a unique product, it is likely to be overshadowed by larger rivals - Tether. While TUSD is offering more features and security, it can lose the marketing battle.
