TrueUSD (TUSD) News

TrueUSD is a stablecoin which is fully collateralized by the USD dollar. TrueUSD offers legal protection and full transparency. The company allows the development of asset-backed tokens which can be sold and bought around the world. It is the first token created on the TrustToken platform. The token was launched as a response to increasing concerns about the volatility of the cryptocurrency market as well as the increasing speculation of Tether. TrueUSD was created on the TrustToken Platform which enables anyone to create asset-backed tokens. TrueUSD is a cryptocurrency which has a fixed price. In contrast to algorithmic stablecoins like MakerDAO and Basecoin, which are protocol based, TrueUSD is asset-backed. Traditional financial institutions prefer asset-backed tokens. TrueUSD offers unique advantages like it is redeemable to those who are able to pass Know your Customer and Anti-money Laundering check, as it is backed by USD. It acts as a stable currency for digital exchange, each TrueUSD is 100% collateralized by USD and is subject to regular audits, etc. An investor can purchase the TUSD through Binance either purchasing it with USDT, BTC, ETH or BNB. Other exchanges where TUSD is available are – CoinTiger, Bittrex, UpBit, and Bitso. It can be stored in any wallet that supports ERC20 tokens such as Coinomi, MetaMask, and Myetherwallet.
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