TrueUSD (TUSD) is a platform for tokenizing currency calls and real assets. USD that provides legal protection to token holders and uses one TrueUSD token for every USD 1. TrueUSD provides reliable transaction tools that enable consumers and businesses to use currency exchange as a medium.

Trueusd (TUSD) is similar to the current USDT, which is a kind of "stable currency". The TrustToken start-up company supported by the Stanford Venture Fund launched TrueUSD, a cryptocurrency that takes into account both transparency and mystery. This is the first trust in the market Extremely high dollar stable currency. By building a network of banks and trusts, the company guarantees that their tokens will maintain monetary stability.

Unlike Tether, which controversially insists on bank account audits, TrueUSD provides regular audits, providing holders with strong legal protection, by adding KYC (customer background checks) and anti-money laundering (AML) to maintain Compliance, and even a review of a user's single transaction to reduce risk, but this review and audit will increase additional costs while ensuring transparency.

The reason for the birth of TUSD

Before the birth of TUSD, people have frequently traded through the stable currency USDT, but due to the opaque mechanism of USDT, many shady scenes are still exposed, such as buying a large amount of BTC with additional USDT, boosting the entire market In the market, when the market is high, currency people need to buy USDT at a high premium to enter, and when the market is low, they are forced to lower the price of USDT for exchange and leave the market, causing the fluctuation of USDT to reach 20%. USDT is no longer a currency in a sense. The scope of the stable currency, because its volatility is very large, and the redemption cycle is very long, a single company has created a brilliant currency circle, but it has also deeply buried many hidden dangers. As a time bomb, the virtual currency The transaction needs to be supported by another kind of more stable and transparent currency. Thus TUSD was born.

Differences with USDT

Provide a more transparent stable currency option, and provide users with a realistic guarantee of digital currency through a proprietary legal framework.
The platform also provides legal rights for token holders and guarantees the security of users' accounts. The company itself never touches the funds—users become the direct beneficiaries of the stablecoins, which can be deposited and withdrawn directly from credit accounts owned by banks.

Of course, the stable currency itself also has certain risks:
When the demand for stable currency rises and the currency value exceeds the anchor price, it can be adjusted by increasing the circulation or other methods;
When the demand for stable coins declines, the project party needs to issue bonds to attract investment, that is, when the currency value falls below the anchor price, it will repurchase the excess stable currency and wait for the currency value to return to the normal range, but here The risk that investors need to face is that if the stable currency has a crisis of trust and leads to endless falls, they may not be able to obtain any benefits.

With the listing of TrustToken's TUSD on Binance, the competition among stable currencies will promote the development of the entire virtual currency market and other industries, such as lending, market forecasting, and other smart contracts that require stable currencies.

TUSD profit

TUSD mainly relies on handling fees to generate profits: when purchasing and redeeming through the official website, handling fees are charged, and the rate is one-thousandth of the total transaction amount (minimum 75 US dollars), so if the amount is less than 75,000 US dollars , the handling fee is not low; in addition, when transferring TUSD between Ethereum wallets, a handling fee of 7/10,000 will be charged.

Related links:

Why will TUSD be the next stablecoin king?
https://www.jianshu.com/p/980b1307033c

The opponents of the stablecoin USDT: TUSD and GUSD
https://www.jianshu.com/p/f59d0a0d3413