True USD (tusd) is a USD-secured digital cryptocurrency. It means that it is actively backed by the US dollars/ It is often referred to as a Stable coin. The tokens issued by TUSD use different accounts as collateral to reduce any kind of correlated risks. In addition, it legally protects all token holders against any type of exploitation.
The True USD cryptocurrency is created by an asset-backed platform known as TrustToken. It is an ERC-20 token that is transparent in its collateralization. True USD was first developed in 2018. The primary aim of this crypto was to provide its holders a stable and straightforward currency that they can rely upon.
TUSD cryptocurrency is considered a stable crypto that is non-volatile and very promising. It maintains a transparent flow of collateralization and is subjected to follow a positive trend as the market increases. Therefore, it is considered a good investment and presents a positive outlook. Furthermore, since US dollars directly back the cryptocurrency, it is considered to create a better profit return in the future.
The True USD coin has several escrow accounts in different banks and asset management firms. You can use them in the following ways:
Provides better legal protection because it uses different escrow accounts as collateral.
It removes the risk of price alteration and provides a strong ground for traders.
The True USD is very stable and directly backed by USD.
The minimum amount required to withdraw tokens is $10,000, which is too much.
Many similar cryptos are available in the market, which increases its competition.
The ICO for True USD (tusd) is yet to be announced. It was founded in 2018, and since then, it has raised $400 million simply by backing its tokens. The True USD coin price remains stable at $1.0. And it is currently ranked 77th in the crypto market.
Rafael Cosman is the founder and CEO of True USD (tusd).
The market cap of TUSD is $ 1,442,203,470.
The maximum supply of TUSD coins in the current market is 1,439,077,017 TUSD.
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True USD (tusd) is a USD-secured digital cryptocurrency. It means that it is actively backed by the US dollars/ It is often referred to as a Stable coin.
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