TrueUSD (TUSD) is a stablecoin pegged to the US dollar, designed to offer a stable alternative to traditional cryptocurrencies that are subject to price volatility moreTrueUSD (TUSD) is a stablecoin pegged to the US dollar, designed to offer a stable alternative to traditional cryptocurrencies that are subject to price volatility. The following are some of the possible benefits of TrueUSD:
1. Stability: The value of TUSD is pegged to the US dollar, ensuring that it remains relatively stable and predictable.
2. Transparency: The TrueUSD platform provides real-time information on the cash reserves backing TUSD through a publicly available audit report.
3. Security: TUSD is built on a blockchain, making it secure and immutable.
4. Accessibility: TUSD can be purchased on major crypto exchanges, making it easily accessible to a wide range of users.
5. Trading: The TUSD token serves as a means of exchange for value transfer, enabling users to trade it for other cryptocurrencies or fiat currencies.
6. Lower transaction costs: TrueUSD allows for cheaper and faster transactions than traditional banking systems.
Sources:
- "What Is TrueUSD (TUSD)?" Investopedia, 7 Feb. 2020, www.investopedia.com/terms/t/trueusd.asp.
- "Five Benefits of Using TrueUSD (TUSD)." Hacker Noon, 15 Aug. 2018, hackernoon.com/5-benefits-of-using-tusd-402954b3dce2.
- "Why Might Someone Use or Invest in TrueUSD?" Coindoo, 8 June 2020, coindoo.com/why-might-someone-use-or-invest-in-trueusd/. (AI generated summary)
Disclaimer: Der Handel mit Kryptowährungen birgt ein hohes Risiko und kann bis zum Totalverlust des eingesetzten Kapitals führen. Keine der hier aufgeführten Informationen sind als Anlageberatatung zu verstehen. Alle genannten Kurse sind ohne Gewähr. Bitte beachten Sie dazu auch den den Haftungsausschluss im Impressum. Mit markierte Links sind 'Affiliate-Links', die uns dabei helfen diese Inhalte kostenfrei und ohne Werbebanner anbieten zu können.