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Review on TrueUSD by Seth Rintel
Tokenizing real-world assets is something that is seen as having great…
Tokenizing real-world assets is something that is seen as having great potential as it will unlock value and create a trustless environment free of the need for expensive third-party intermediaries. We’ve seen it working already in the tokenization of digital assets, such as crypto-collectibles, and DigixDAO has also successfully tokenized gold.
Pros
- TrustToken is a relatively new platform created with the vision of creating encrypted assets available. These are cryptocurrencies which are also called "stablecoins" because their prices tend to be more stable because they are tied to real world assets.TrueUSD will use multiple escrow accounts to reduce counterparty risk as well as protect legitimate owners from theft.
Cons
- TrustToken is a bit different from BaseCoin and MakerDAO because they use algorithms to maintain stability, while TUSD maintains stability with the remaining assets supported. This gives TrustToken a significantly different target audience.
