TrueUSD (TUSD) is a stablecoin that is tied to the US dollar at a 1:1 ratio. TrueUSD, like other stablecoins, strives to boost liquidity and provide a nonvolatile asset to cryptocurrency traders and ordinary users in comparison to free-floating tokens like Bitcoin (BTC).
TUSD can always be exchanged into US dollars 1:1 in a single click. Funds (for collateral) are kept in separate bank accounts that are watched over and audited by third parties. TUSD aims to strike a balance between stability and utility, which are the two main use cases for stablecoins, and security, which comes in the form of periodical attestations.
TUSD is a cryptocurrency that is based on the Ethereum blockchain and the Binance Chain and unlike most stablecoins, is not linked to any cryptocurrency exchange. It was the second stablecoin to attain a supply of over 100 million units and it has been backed by different exchanges.
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