1 Level
6 Review
2 Karma
Review on TrueUSD by coffet ndlefet
Currently, TrueUSD is backed by the USD. In the future, TrueEuro, TrueYen and…
Currently, TrueUSD is backed by the USD. In the future, TrueEuro, TrueYen and stable baskets of tokenized goods (including precious metals and real estate) may be developed. The plan is for individuals to be able to create their own baskets of tokenized goods, with the market deciding which assets are the best stable currencies.
Pros
- TrustToken created TrueUSD to meet the strong demand we heard from traders to have a fully collateralized stablecoin.TrueUSD is a stablecoin, or a cryptocurrency with a fixed price. Most of them peg, or attach, the price of the cryptocurrency to a fiat currency such as the dollar. This is in contrast to most cryptocurrencies which are known for their price volatility.
Cons
- Not many ways to spend it directly and lack of marketing
