TrueUSD (TUSD)

TrueUSD (TUSD) is a stablecoin cryptocurrency created by TrustToken, a San Francisco-based fintech company. It was founded in 2017 and is backed 1 for 1 by the US dollar and held in FDIC-insured accounts. What Is TrueUSD (TUSD)? TrueUSD (TUSD) is a stablecoin, meaning that its value is pegged to the US dollar. By using the blockchain and smart contracts, TrueUSD (TUSD) is designed to deliver increased liquidity, price transparency and security to users and businesses. There are multiple advantages to using TrueUSD (TUSD) such as lower costs, faster settlement times, increased access to global markets, and reduced transaction volatility and risk. Who Founded It? TrueUSD (TUSD) was founded in 2017 by TrustToken, a San Francisco-based fintech company focused on democratizing investment with blockchain and fintech technology. Founded by Torsten Scholl and Stephen Kade, TrustToken has since developed multiple asset tokenization platforms, including TrueUSD (TUSD). What Makes It Unique? What sets TrueUSD (TUSD) apart from other stablecoin cryptocurrencies is its transparency and rigorous legal framework that guarantees the integrity of its promises. TrustToken uses multiple independent financial institutions to support its reserves and provide multiple audit trails that show that every TrueUSD (TUSD) token is actually backed by US dollars. Where Is It Used? TrueUSD (TUSD) is used primarily as a medium of exchange and is currently accepted by many cryptocurrency exchanges and platforms. It is also being used as a store of value and as a hedge against the volatility of cryptocurrency markets. As well, it is increasingly being used as a payment option in cryptocurrency-based businesses. Where To Buy/Sell it? TrueUSD (TUSD) is available to buy and sell on multiple cryptocurrency exchanges, such as Kucoin, Bittrex, OKEx, and Huobi. It can also be purchased directly on TrustToken’s website, which allows users to buy and sell with debit and credit cards. TrueUSD (TUSD) can also be purchased through peer-to-peer platforms such as LocalBitcoins or HodlHodl.