Review on TrueUSD by Jesus burgos

Name: TrueUSD
Item: TrueUSD
Rating: 5

August 28, 2018

The next logical step in tokenization is other real world assets being…

The next logical step in tokenization is other real world assets being tokenized via smart contracts. This could allow people to own parts of rental properties or copyrights or other income producing assets that allow the holders to collect a part of the income in relation to their token ownership, all managed securely and without costs by smart contracts.
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Pros

The TrustToken team feels that the TUSD is complimentary to other existing stablecoin projects such as Tether, BaseCoin and MakerDAO. TrustToken is somewhat different from BaseCoin and MakerDAO since they use algorithms to maintain stability, while TUSD maintains stability by remaining asset backed. This gives TrustToken a substantially different target audience.

Cons

The team admits that algorithm based solutions are exciting possibilities, but notes that they haven’t been tested or proven in the real-world. The TrustToken team feels that some investors will find added security in a token that is backed by fiat currency sitting in an audited bank account. In the future there should be use cases for both asset based and protocol based stablecoins.