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TrueUSD

News

All the latest news about TrueUSD

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The total transfer volume of stablecoins on the Tron network surpasses $20 billion

The Tron network has processed more than $20 billion worth of stablecoin transactions as it houses USDT, USDC, TUSD, and USDJ stablecoins.

 Hassan Maishera

Trade

Find the exchange with the lowest fees, best methods for depositing or your geographical area and start trading TrueUSD

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FTX

4.45 based on 1456 votes

SimpleSwap

4.17 based on 289 votes

Binance

4.13 based on 2226 votes

Spend

Want to leave your cash at home? These cards support TrueUSD.

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Crypto.com Visa Card

3.45 based on 641 votes

Binance Card

3.3 based on 322 votes

Blockcard

3.79 based on 383 votes

Shop

So you've made a little TrueUSD and now you want to spend it? These are the places to do it!

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VPS2DAY.com

4.83 based on 6 votes

Booking.com

4.75 based on 4 votes

NOWPayments

4.39 based on 87 votes

Hodl

Find the wallet that suit your security, ease of use and anonymity needs for TrueUSD.

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YouHodler

3.85 based on 13 votes

Ledger Nano X

3.68 based on 34 votes

SpectroCoin Wallet

3.66 based on 80 votes

Review

Learn more about TrueUSD.

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of TrueUSD.

Similar to Tether and Paxos, that we have mentioned on Cryptowisser before, TrueUSD is a fully USD-collateralized cryptocurrency. Tether, on the other hand, are not subject to public or open audits, which question the validity of their claims. Also, large pumps and dumps of Bitcoin has coincided with large amounts of UDST being printed, which seems a little bit fishy.

TrueUSD have “real” legal protection, while they are also transparently audited by third-party attestations. They also employ multiple escrow accounts to reduce the counterparty risk, but also to offer token-holders legal protection again misappropriation.  Moreover, they have built their asset token on the TrustToken-platform, which gives the holder asset-backed tokens to easily trade across the world. In example, users can transact gold to gold tokens or similarly, dollar to dollar-tokens via the TrustToken platform.

So, TrueUSD comes as a ERC20-token on the Ethereum blockchain. They also operate on smart contracts to validate transactions made between banks, users and institutions. Virtually anybody can trade or redeem TrueUSD to USD or the other way around, given that they have passed the KYC/AML checks that the company employ. After one has passed the KYC/AML check, the smart contract initiates a transaction on the blockchain. Subsequently, the escrow bank available for your region or size of transaction will transact the actual USD to the named bank account. This way, the TrueUSD infrastructure never touches the actual FIAT currency. Also, the trust companies can handle purchasing and receipts of the users money through escrow accounts.

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