TrueUSD (TUSD) - an Innovative stablecoin you can trust upon

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TrueUSD (TUSD), This company was founded in 2017, creating this Token. This is a Token that its price is fixed to the US dollar, therefore, it is a "Stablecoin", where its price is anchored to a FIAT currency, in this case to the dollar.

This token lives in the Blockchain of Ethereum, and therefore is known as a Token ERC-20. As we know, Ethereum Blockchain is a platform with very advanced technology, totally decentralized, using SMART Constract for the launch of Tokens. TUSD has third parties that have transparently verified this Token (TUSD), we can say that it is legally protected and guaranteed. And of course backed by USD.

This platform creates multiple accountability for the holders of the tokens, to avoid misappropriation. In addition, it has been associated with centralized banks, in this way they have the funds supported safely.

Like all Stablecoins, this Token has the objective of converting a stable commercial instrument, for merchants who use cryptocurrencies. If this is achieved, both companies and consumers, can use this token as a means of exchange. But it is necessary that this Token generate confidence and can be used.

To exchange the Token Tusd, they created a platform that is responsible for creating tokens, but backed by assets, this company is TrustToken.

It is a process for the purchase of Tokens Tusd, the user who will acquire the Token must complete an AML / KYC process (Anti-Money Laundering / Know Your Customer), and then the desired amount to third-party custody accounts is transferred . There, immediately it is transferred, to the direction of Ethereum that the ususe has given the amount of TUSD. This Token Tine a certificate exchange for 1 dollar.

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This Token has remained stable since its creation, with a small variation of approximately $ 1.055 in 2018 and fell to $0.965 in the year 2020.

According to my research, this stablecoin has several advantages which would be:

Warranty: This TUSD Token is fully guaranteed by USD. And the important thing is that these Token are issued by Smart Contract and are audited publicly.

They have legal protection: the holders of the tokens, have regular certificates and strong legal protection.

Interchangeable by currency Fiat: In this case, the TUSDs with usd.

As I said earlier, there is a guarantee fund, which gives a reliable fund administration.

It is subjected to Audit, where it gives confidence to the investor. And totally decentralized.

As is a Token ERC20, belonging to the Ethereum network (ETH), belongs to the most popular platform for Tokens.

Disadvantages
The TOKEN TUSD, is not as well known as the USDT. I do not see more disadvantages, this Tusd Token is very innovative.

The TUSD is a TOKEN ERC20 that belongs to the largest defi platform in the world. Very shielded legally, where they are constantly auditing. Its great challenge is to make merchants and consumers to have confidence and may have great growth in their use.

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