Hello Steemians ,& Professor @yohan2on

What is TrueUSD (TUSD)?

It is a stable and certified ERC-20 token that was created by TrustToken in 2017 and is part of the blockchain-based TrustToken platform of the Ethereum-based blockchain. This stablecoin is backed at $ 1 - information from independent auditors is backed. The TrustToken network consists of a bank that can only return your assets for 0.10% of the transaction. TrueUSD is intended to be a stable trading tool for everyone, similar to many other stationary projects. A trade balance that can be used to exchange goods and services, as well as in various bags.

What are the key characteristics of True USD (TUSD)?

First, legal protection is one of the main reasons Di USD (TUSD) is successful in the world market. With the help of escrow accounts, token holders receive efficient verification and strong legal protection.
In addition, it is a reliable fund management system.

The official TUSD framework allows you to exchange USD with partner accounts to buy or redeem TUSD directly instead of sending or receiving USD from an escrow account in the TUSD banking system. It also reduces the downside risk that is common with other stablecoin collateral accounts.

How do I buy TUSD?

While cryptocurrency exchange gives you a platform to trade TUSD cryptocurrencies, CoinSwitch will contact you to help you make accurate decisions when paying the price of TUSD on many crypto exchanges. Help 140+ currencies and 45,000 cryptocurrency pairs. You can choose the pair you want with your token and weigh the prices on the exchanges.

How does TrueUSD (TUSD) work?

TrueUSD (TUSD) follows a procedure. In this case, the activities of TrueUSD (TUSD) will depend on the termination of third party escrow accounts. The following process is carried out in three media. They are users, trusted companies, and TrueUSD. When users need information, they want information from trusted companies. In this case, the companies send the signal to TrueUSD through a smart contract to verify the purchase. TrueUSD then sends the coin to the user's wallet. The process is therefore cyclical.

How Safe is TUSD?

TUSD is widely considered to be one of the safest rod locks on the market. This is partly due to the transparency of TrustToken and the full compliance of the cryptocurrency.
Other reasons to consider TUSD as a safe term in office include:

security

The smart contracts used by TrustToken are independently checked three times by three different security companies and none of them have detected or reported any problems.

deposit

All funds that support TUSD are in an escrow account, and third-party trust companies, hence TrustToken, do not have direct access to user funds that are held in reserve.

Property insurance

TUSD users / holders are being legally defended for a misunderstanding of United States law and the funds in their accounts in which the funds are held.

exam

TrustToken is always checked by the auditing company (Cohen & Company) and attachments are published. This has ensured that TUSD continues to fully honor the fiduciary funds corresponding to the supplies issued.

Licensed and regulated

It is the first regulated fixed currency issued in the United States and is fully li Advantage:
I am very happy to be writing an article this week, but first of all I would like to thank Professor @ yohan2on for this week's lecture.

Conclusion.

Stable Coins are very important in high volatile market of cryptocurrency. Stable coins offer a lot of services to the traders as well as organizations for payments in stable coins. Although TUSD is not as biggest stable coin as Tether, but still it has its importance and market. It is gaining its ground and future of TUSD will be bright.

@steemcurator01
@steemcurator02
@yohan2on