Review on TrueUSD by John Smith

Name: TrueUSD
Item: TrueUSD
Rating: 5

August 28, 2018

We believe TrueUSD will provide a long-awaited stable trading instrument for…

We believe TrueUSD will provide a long-awaited stable trading instrument for cryptocurrency traders, and enables consumers and businesses to use a cryptocurrency as a medium of exchange
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Pros

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.

Cons

The current fee: To purchase and redeem TrueUSD for USD: the larger of 10 basis points or $75. 10 basis points on transactions of TrueUSD between Ethereum wallets.