1 Level
5 Review
2 Karma
Review on TrueUSD by Diego Primo
In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple…
In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company. According to TrueUSD, the contents of said bank accounts are published every day and are subject to monthly audits. This method of storing USD ensures that the user can have greater trust in TrueUSD as the collateralized holdings are not centralized in any one entity, but instead distributed throughout many fiduciary partners.
Pros
- Is the best alternative to USD fiat. They have a strong method to prevent manipulation in the market.
Cons
- No cons.
