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TrueUSD is a U.S. dollar stablecoin pegged to USD at 1:1. First launched to a limited investor base in January 2018, TrueUSD has since grown to incorporate almost $400 million of backed tokens as of October 2020. TrueUSD is one of a number of cryptocurrency stablecoins administered by TrustToken, a platform for tokenizing real-world assets.
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TrueUSD is a stablecoin running on Ethereum that attempts to maintain a value of US$1.00. The supply of TUSD is collateralized by US dollars held in escrow by banks. Tokens can be purchased and redeemed for US dollars on the TrustToken website.
TrueUSD, part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin pegged to the value of USD. 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.
TrueUSD (TUSD) is a fully collateralized, legally protected and transparently verified ERC-20 token. It is pegged to the US dollar and maintains a 1:1 ratio. Also, it is the first cryptoasset built on the TrustToken platform.
TrueUSD, part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin that, although similar to USDT, seems to be a direct response to the problems observed in Tether throughout recent times. The official TrueUSD website itself states: “We wanted a simple stablecoin, without the need to trust [a] company’s hidden bank account or special algorithm.”
TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legally protected, and transparently verified by third-party attestations.
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