Live tusd/INR Price
Live tusd/INR Price
88 Cr. TUSD
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– It is fully backed up by real-world assets.
– The underlying assets are backed up in the form of USD in the escrow account of the company.
– TUSD is the native cryptocurrency of the TrueUSD ecosystem.
– It has a circulating supply of more than 1 billion TUSD coins while there is no cap on maximum supply.
TrueUSD was founded in 2017 by its parent company TrustToken that launched TUSD in February 2018 to all cryptocurrency exchanges.
TUSD is a stable coin that is pegged 1:1 with the US dollar to maintain balance and stability in the market. With a majority of cryptocurrencies like Bitcoin, Ethereum, etc., already being so volatile (price fluctuates regularly), there was a need for a stablecoin that would be linked to a fiat currency. Moreover, TUSD stands out from other cryptocurrencies as it is totally backed by USD deposited in the company’s account.
– TUSD is a better alternative to fiat currencies by using the underlying blockchain technology.
– It also eliminates the possibility of volatility and gives a hedge to traders in the crypto market.
– TUSD is regarded as a safer option in terms of security, where TrueUSD has also partnered with companies to increase overall passive returns.
CoinSwitch, India’s largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to “Make Money Equal for All,” the company prioritizes quality in its product and the safety of all stakeholders.
Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.
A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That’s what we are here to change—one article at a time.
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
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