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Review on TrueUSD by Kiara Tovell
At present, the TrueUSD (TUSD) is backed by the American dollar. In the yearsโฆ
At present, the TrueUSD (TUSD) is backed by the American dollar. In the years to come, there is scope for other like TrueEuro as well as TrueYen and a host of stable tokenized goods such as but not limited to precious metals and real estate to be developed.
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Pros
- TrueUSD uses multiple escrow accounts to reduce counterparty risk and to provide token-holders with legal protections against misappropriation. It is also the first asset token built on the TrustToken platform-which is a platform to create asset-backed tokens that you can easily buy and sell around the world
Cons
- TRUESD age limits. Not everyone can buy and use easily. TrueSD's growth problem has many problems and has not been resolved thoroughly. This has had a great impact on its growth rate in the face of fierce competition with other projects today.
