TrueUSD (TUSD) is a stablecoin pegged to the value of the US dollar. It is built on the Ethereum blockchain and follows the ERC-20 token standard. The goal of TrueUSD is to provide a stable and reliable store of value for users in the cryptocurrency market, which is known for its volatility.
One of the key features of TrueUSD is its transparency and trustworthiness. The coin is issued by TrustToken, a company that undergoes regular audits to ensure that the value of TUSD is fully backed by US dollars held in escrow. This allows users to have confidence in the value of their investment and eliminates the risk of the coin becoming insolvent or losing value. Additionally, TrueUSD can be easily converted to and from other cryptocurrencies, making it a versatile option for trading and transactions. Overall, TrueUSD is a solid choice for those looking for a stablecoin option with a strong track record of reliability and trust.