Crypto Academy Week 7 Homework Post For @yohan2on - Stablecoins (TUSD)

Today, I will try to answer the homework given by professor @yohan2on about satblecoins, which is about TrueUSD.

TrueUSD (TUSD)

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TrueUSD (TUSD) are stablecoins created by a company called Truecoin. As we know stablecoins are pegged directly to fiat currencies and gold because these two categories can be said to be very stable. TrueUSD is directly guaranteed by the U.S Dollar. So the price of 1 TrueUSD is equal to 1 U.S Dollar the same as USDT coin. This token has also been guaranteed by law in an escrow account. So it can be said that this coin is very trusted and popular. Because the TUSD coin is part of stablecoins, this coin is very practical to use in the transaction process such as sending and exchanging it with other coins that are in cryptocurrency on the ethereum blockchain.

TrueUSD strongly prioritizes the level of security, namely by conducting KYC checks with the aim of reducing crime on this platform. So the TUSD coin is very safe and guaranteed to be used as a process of our daily transactions as desired. the transaction process is also easier and cheaper than using traditional banks.

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We can see from the source image above that TrueUSD (TUSD) has the same price as U.S Dollar and is ranked 143rd, it can be said that this coin is less popular than other stablecoins such as Tether USD (USDT). The circulating supply is 331.52 million TUSD.

The Benefits provided by TrueUSD (TUSD)

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1. A good level of security, TrueUSD (TUSD) relies on the security of know your customer (KYC) so that it can guarantee crimes on this platform.
2. As part of stablecoins, TrueUSD (TUSD) is secured by fiat US Dollar so that it can make it easier for users to store their assets before starting a bigger investment in cryptocurrency
3. Being on the ethereum blokhain network, so that it can facilitate the transaction processing of users such as saving and sending as desired efficiently anywhere and anytime.
4. Transparency. TrueUSD (TUSD) is protected by law in an escrow account, and will carry out routine audits and will publish it every day.

Disadvantages of TrueUSD (TUSD)

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1. TrueUSD (TUSD) is still less popular than other stablecoins such as Tether (USDT).
2. TrueUSD is not suitable as an asset for investment to get big profits because this coin is very stable.

So thank you. hope it is useful.....

Cc:
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02