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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.
The contents of said escrow account is verified by an independent third-party accountant that publishes monthly attestation reports. If someone wants to obtain TrueUSD through the online application, they will need to pass a KYC/AML check. Once that’s complete, they can send USD to one of TrueUSD’s trust company partners. Once the funds are verified by the trust company, their API will instruct the TrueUSD smart contract to issue tokens on a 1 to 1 ratio and to send them to the Ethereum address associated with the account at hand.
Once in the wallet, the tokens can be transferred to a friend or used as payment, combining the advantages of fiat (stability and trust) with those of cryptocurrencies (reduced fees and transfer times). The user can also redeem real US Dollars by sending the TUSD tokens back to the smart contract address, which will notify the trust company, and initiate a bank transfer to the user’s account..
TRUEUSD REVIEW: Beginner's Explained - TrueUSD Altcoin ☆ WEBSITE ➤ https://trusttoken.com ☆ CONTACTS ➤ firstname.lastname@example.org Among one of the ...
Creation date: 2019-05-31
Expiration date: 2021-05-31
TrueUSD claim to be a stablecoin that you can redeem 1-for-1 for US dollars.
Every DGX = 1 Gram of gold. You can own, save and transact Gold in tokenised form - keeping secure private ownership of your digital assets.
Tether (USDT) is a cryptocurrency with reference to fiat currencies that is issued by Tether Limited Company. Using the technology of Blockchain, Tether allows the users to keep, send and receive digital tokens pegged to dollars, euros and yens*. *1USDT =/= 1USD - according to ToS (Terms-of-service) of Tether Limited Company - Tether tokens are not money, although they are backed by the currency used to purchase them at issuance.
Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.
TrueUSD was founded back in March 2018.
Its source code was released publicly on github on December 2017
under the Other license.
Organization wise, TrueUSDs Development is Centralized and is being developed under the lead of Rafael Cosman.
The consensus on which the TrueUSD network is run is called Not mineable, while
the underlying algorithm is called None.
In the current state of TrueUSD currently is Working product
There is no official TUSD-subreddit yet
|directions_run Active Users|
|create Daily Posts|
|speaker_notes Daily Comments|
TrueUSD (TUSD) is the world's most transparent stablecoin, backed 1:1 by US Dollars and attested live, independently, and on-chain.
Mint/Redeem at https://app.TrustToken.com
|view_list TrueUSD | Stablecoin Community Channel|
|person 2,937 Members|
|directions_run 442 Online|
Official Twitter account for TrueUSD
|view_list @TrustToken Channel|
|person 18,698 Followers|
There are no events for TrueUSD in the next 3 Months
The Google Trends chart displays the search interest on google in TrueUSD relative to its peak over the last year. A rising chart shows growing interest int he project.
Every change to the codebase of TrueUSD is registered as a commit. More active projects have many commits, dead projects nearly none.
Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.
|star 178 Stars|
|remove_red_eye 24 Watchers|
|usb 66 Forks|
|sync_problem 11 Open Issues|
|border_color 3.01 % Comment Coverage|
|lock_open Other License|
Convert between TUSD and USD with the live TrueUSD prices, aggregated from all big exchanges that trade TrueUSD.
Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.
Tory Reiss -
I've already worn many hats in my early career and don't doubt that my wardrobe has much expanding left to go. I've been incredibly fortunate to work with some brilliant minds in companies large (>128,000) and small (<10) and found a strength in my ability to build systems and teams, bring out the best in others, and learn + adapt quickly.
|# 1||Binance||TUSD/USDT||$ 0.997760||$ 14,356,914||check|
|# 2||Binance||TUSD/BTC||$ 0.997353||$ 7,074,626||check|
|# 3||Binance||TUSD/ETH||$ 0.997359||$ 4,601,523||check|
|# 4||Binance||TUSD/BUSD||$ 0.997399||$ 4,450,950||check|
|# 5||Bittrex||TUSD/BTC||$ 0.998310||$ 4,241,488||check|
|# 6||Binance||TUSD/ADA||$ 1.001831||$ 1,463,108||check|
|# 7||Binance||TUSD/BNB||$ 0.997559||$ 774,356||check|
|# 8||Bittrex||TUSD/USD||$ 0.998000||$ 667,237||check|
|# 9||Binance||TUSD/XRP||$ 0.991876||$ 527,268||check|
|# 10||Bittrex||TUSD/ETH||$ 0.996411||$ 296,726||check|
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