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TrueUSD (TUSD) Coin Nedir? Hangi Borsadan Alınır?

İÇERİK BAŞLIKLARI What is TrueUSD (TUSD) Project?


TUSD is developed by TrustToken . TrustToken is a fintech company specializing in the digitalization and tokenization of blockchain-based financial assets. In the rest of the article, you will be able to find answers to many questions such as what is TUSD Coin, who owns it, how it can be purchased.

tusd coin

What is TrueUSD (TUSD) Project?

TrueUSD (TUSD) is a blockchain-based stablecoin developed by a fintech company called TrustToken. TrustToken is a company specializing in tokenization and digitization of financial assets. TrueUSD is pegged 1:1 to the US dollar, using a ransom mechanism where each TUSD token is the US dollar equivalent. In this way, the TUSD price fluctuates less and becomes more stable compared to other cryptocurrencies.

Using blockchain technology, TrueUSD can be used to perform fast and low-cost money transfers around the world. Besides TrueUSD, TrustToken has also developed other stablecoins indexed to different fiat currencies such as TrueAUD, TrueCAD, TrueGBP, TrueHKD, TrueJPY, TrueSGD, TrueUSDJ and TrueEUR.

Technical Article

The TrueUSD technical article states that TrueUSD is a stablecoin backed against the US dollar with a 1:1 index, while TUSD is an ERC-20 token and runs on the Ethereum blockchain. The article explains that TUSD is a stablecoin managed by a central authority and explains the ransom mechanism used to create, store and manage TUSD.

The whitepaper also details the auditing processes and controllers used to secure TrustToken's TUSD. The article states that TUSD is not a decentralized stablecoin, but is designed to protect users' privacy despite centralization.

The project's technical article provides detailed information on how TUSD is created, validated, used, and destroyed. It also gives an insight into the opportunities, use cases and future developments created by TUSD.

You can access TrueUSD's whitepaper at this link: https://www.trusttoken.com/assets/pdfs/TrueUSD-whitepaper.pdf

Project Ownership and Establishment

TrueUSD (TUSD) was founded by TrustToken in 2018. TrustToken is a company specializing in the digitalization and tokenization of financial assets using blockchain technology. TrueUSD is managed and developed by TrustToken.

How Does TrueUSD (TUSD) Work?

TrueUSD is a stablecoin that, unlike other cryptocurrencies, experiences less price fluctuation and can be used as a more stable investment tool. The working logic of TUSD is as follows:

  • Ransom mechanism: Each token of TrueUSD is backed by a ransom in exchange for US dollars. The ransom mechanism is carried out through banks acting as an intermediary. TrustToken does not control ransom transactions of TUSD users; However, it provides support to users in case of any problems.
  • User request: When a user wishes to purchase TUSD, TrustToken deposits an equivalent amount of funds in a bank account in US dollars and creates the TUSD token in return. This transaction ensures that TUSD is pegged to the US dollar at a 1:1 ratio.
  • A centralized assurance mechanism: TrueUSD is secured by TrustToken, a central authority. TrustToken ensures that TUSD is regularly audited by independent third-party auditors.
  • Fast and low-cost money transfers around the world: Using blockchain-based technology, TrueUSD can be used to make fast and low-cost money transfers around the world.
  • Custody of TUSD: TrueUSD is built on the Ethereum blockchain using the ERC-20 token standard. Users can store TUSD in an Ethereum-based wallet or a cryptocurrency exchange wallet.

What is TUSD Coin?

TUSD Coin is a stablecoin pegged to the US dollar developed by a fintech company called TrustToken. Also known as TrueUSD (TUSD). TUSD is pegged to the US dollar at a 1:1 ratio, using a ransom mechanism where each TUSD token is the US dollar equivalent. In this way, the price of TUSD fluctuates less and becomes more stable compared to other cryptocurrencies.

TUSD Token is built on the Ethereum blockchain using the ERC-20 token standard. Using blockchain technology, TrueUSD can be used to perform fast and low-cost money transfers around the world. It can also be offered as an alternative for investors who want to avoid price fluctuations experienced in other cryptocurrencies.

Finally, TUSD is managed and developed by a fintech company called TrustToken. TUSD is regularly audited by independent third-party auditors.

TUSD Future

TUSD coin, like other stablecoins, can be seen as a more stable investment tool than other cryptocurrencies, which are considered risky, especially due to volatility. Since TUSD is pegged 1:1 to the US dollar, its value fluctuates less than other cryptocurrencies and can therefore be considered a less risky investment instrument for investors. However, it is difficult to make a clear prediction about the future of TUSD .

Besides TUSD , TrustToken has also developed other stablecoins that are indexed to other fiat currencies. Thus, TrustToken offers the opportunity to diversify risks by creating a portfolio with stablecoins indexed to different fiat currencies.

TROY (TROY) Project Review: What is it, How does it work?

TrueUSD Team

The team members involved in the development of TrueUSD are:

  • Rafael Cosman (CEO)
  • Tory Reiss (CTO)
  • Stephen Kade (COO)
  • Alexander Eichhorn (CPO)
  • Michael Ho (CFO)

You can use the links below for more information and communication:

Advantages and Disadvantages of TrueUSD (TUSD) Project

The advantages of TrueUSD (TUSD) stablecoin are:

  • Stable price: The price of TUSD depends on the US dollar, to which it is indexed 1:1. Therefore, TUSD price fluctuates less and is more stable compared to other cryptocurrencies.
  • Low volatility: It does not carry the risk of high volatility as in other cryptocurrencies. It is a less risky investment tool for cryptocurrency investors.
  • Fast and low-cost money transfers: Using blockchain technology, TUSD can be used to perform fast and low-cost money transfers around the world.
  • High liquidity: It is listed on many cryptocurrency exchanges and has high liquidity. Thus, it can be easily bought and sold.

The disadvantages of TUSD are:

  • Ransom risk: TUSD is pegged 1:1 to the US dollar, using a ransom mechanism where each token has a US dollar equivalent. However, if there is any problem with this ransom mechanism, the value of TUSD may decrease.
  • Reliability issue: Although it is considered a reliable stablecoin, its reliability may still be a concern for some users.
  • Regulatory risk: The regulation of stablecoins is not yet fully clear and may change in the future. For this reason, there is a risk that TUSD will be affected by future regulations.
  • Not decentralized: It is managed by a central authority. It may be a disadvantage for some users, because a decentralized structure is considered more secure since users have complete control.

Which Exchanges Have TUSD Coin?

TrueUSD (TUSD) Coin is listed on many authoritative cryptocurrency exchanges. Here are some of the cryptocurrency exchanges that list TUSD Coin:

  • Binance
  • KuCoin
  • gate.io
  • Huobi Global
  • kraken
  • Bybit

How to Buy TUSD Coin from Which Exchange?

You can make a purchase simply by following the steps below. However, there may be different procedures for each cryptocurrency exchange. It would be beneficial to get more information about the stock market in which you aim to invest.

  1. Step 1 Register on a cryptocurrency exchange: To buy TUSD Coin, you must first register on a cryptocurrency exchange. Popular exchanges include exchanges such as Binance, Coinbase, Kraken.
  2. Step Verify your account: After registering with the cryptocurrency exchange, you need to verify your account. As part of the verification process, identification, driver's license, etc. You are required to submit documents and verify your personal information.
  3. Step Add funds: After verifying your account, you need to add funds via bank transfer, credit card, etc.
  4. Step Buy TUSD: Finally, once your funds are added, you can use the prices offered by the cryptocurrency exchange and purchase the desired amount of TUSD Coins.

Note: If you want to create a new account, you can open an account using the links below and earn a 20% commission discount valid for life .

Last Words

In summary, TUSD is a stablecoin (stable cryptocurrency), also known as TrueUSD. TUSD is pegged 1:1 to the US dollar, using a ransom mechanism where each token has a US dollar equivalent. TUSD is regularly audited by independent third-party auditors. Because it is important for the price of TUSD to remain stable and to secure its US dollar counterpart, to which it is indexed 1:1.

We recommend that you conduct thorough research and consider the risks before investing in TUSD Coin or other cryptocurrencies.

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