The cryptocurrency TrueUSD is a direct competitor to Tether. Its main goal is to become a stable cryptocurrency that is 1: 1 backed by the US dollar. At the same time, the trend of TUSD’s growth is the legalisation of the platform’s activities and the transparency of all its operations.
The project first began in early 2018. In just two months, investors invested $12 million, and soon the amount increased to $20 million.
The TrueUSD chart shows the presence of minor fluctuations in value. This aspect does not affect the stability of the cryptocurrency. However, it creates the opportunity for traders to get a relatively small, stable income since any fluctuations will sooner or later return to their initial 1:1 value.
The development of TrueUSD is analysed in comparison with Tether (USDT). This project has previously proposed the idea of linking cryptocurrency to non-digital money, due to which it has earned popularity and recognition from many companies and users.
Unlike Tether, which occupies the 8th line of CoinMarketCap and the second place in terms of daily trading volume, the TUSD stablecoin is much less widespread (96th line of the rating; capitalisation - $64 million). Nevertheless, the project is gradually growing and demonstrating a lot of potential on the crypto stock market.
TrueUSD is the first stablecoin supported by the popular Exodus wallet. Besides, TrueUSD web wallets are available from a variety of the most secure global brands, such as:
Thus, there are plenty of TrueUSD wallet options suitable for all needs.
TrueUSD digital money was created within the framework of the TrustToken project. The creation of a digital equivalent to the dollar is only a part of its purpose. In the future, the developers plan to transfer gold and other national and transnational assets into cryptocurrency in a similar way.
In this system, there are three essential concepts to understand:
The TrueUSD cryptocurrency is listed on 19 exchanges, such as:
If the trading potential is what TUSD attracts you with, check out its available crypto exchange pairs:
However, there are many other useful features that TUSD has to offer apart from trading. Read on to find out what TUSD has in store for its users!
Payment for services, the fulfilment of agreements, transfer of wages — all this is possible via TrueUSD. Stabilising the value and having the dollar backup eliminates the risks of this cryptocurrency’s volatility.
TrueUSD’s functionality has several main aspects, such as:
With direct interaction and KYC/AML verification, users can conveniently transfer their funds from non-digital to digital and vice versa. The process operates with the support of several large companies and the Smart Contracts technology.
Most likely, in the future, the popularity of TrueUSD will keep increasing. The project’s developers state that they intend to tokenise assets in other currencies, such as Yens and Euros. If all goes as planned, TUSD will be an excellent way for traders from around the world to protect themselves from currency fluctuations. Follow TUSD live news on our blog to stay updated!
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