Review on TrueUSD by Sara Woolnough

Name: TrueUSD
Item: TrueUSD
Rating: 5

August 28, 2018

TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legally…

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 people’s 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.