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Review on TrueUSD by Christine Eichel
TrustToken is a relatively new platform that was created with the vision of…
TrustToken is a relatively new platform that was created with the vision of making tokenized assets available. These are cryptocurrencies that are also known as “stablecoins” because their price tends to remain more stable since they are pegged to real-world assets.
Pros
- TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legally protected, and transparently verified by third-party attestations. The TrueUSD token will use multiple escrow accounts to reduce counterparty risk as well as giving holders legal protections against theft.
Cons
- TrueUSD is also facing headwinds due to its similarity to Tether, but it can possibly overcome those with its laser focus on institutional investors. That may eventually lead to specialized tools that Tether won’t possess.
