TrueUSD (TUSD) is a cryptocurrency that is a stablecoin, or so-called Stable Coin, which runs on the ERC20 protocol based on Ethereum. TUSD is pegged to the US dollar and aims for a 1-to-1 ratio with the US dollar. The TrueUSD cryptocurrency is one of the developments of the TrustToken team. The TrustToken team is betting that TrueUSD will be the first of many tokens on the Ethereum platform founded and backed by real fiat assets. TrueUSD is fully backed by the US dollar, legally protected, and transparently audited by third-party attestors.
The principle of issuing TrueUSD is that an interested investor undergoes an initial identity verification and an anti-money-laundering check. After the checks are successfully completed, the investor deposits the required amount of funds in fiat currency into a special bank account, and in return newly created TUSD coins in the amount of their deposit appear in their TrueUSD wallet.
Since the TrueUSD cryptocurrency strives to be a Stable Coin, there is no point in investing in this cryptocurrency for the purpose of making a profit from the cryptocurrency's growth, although at the time of writing this review TrueUSD is in 26th place in the cryptocurrency ranking. You can invest in this cryptocurrency only for the purpose of buying other cryptocurrencies, as well as making private payments and settlements just as you would with real banking operations, but at a significantly higher speed.
Despite the fact that TrueUSD is currently pegged to the US dollar, the TrustToken team plans to create a cryptocurrency pair with other fiat currencies in the future. Currently the minimum purchase amount is 10,000 US dollars, although it is expected that this minimum purchase amount will decrease in the future.
The price of the TrueUSD (TUSD) cryptocurrency today, as well as the technical analysis of the TrueUSD TUSD cryptocurrency, where to buy TrueUSD TUSD and where to sell TrueUSD TUSD.
