What is TrueUSD (TUSD)? Things to know about the latest TUSD coin 2020

trueusd-tusd-coin

TrueUSD (TUSD) a stablecoin that claims to have enough USD to back all TUSD issued. So…

  • TrueUSD (TUSD) what?
  • Should I invest TUSD or not?
  • Buy and sell TUSD Where is the reputation?
  • TUSD Wallet Which should be used?

If you are looking to find out TrueUSD and potential invest TUSD coin, this article is what you need to find

What are you waiting for, let’s start the article!

Maybe you are interested: What is Bitcoin? Bitcoin investment guide for beginners?

What is TrueUSD (TUSD)?

TruUSD symbol: TUSD, is a coin stablecoins pegged to the USD (US dollar) at the rate of 1 TUSD = 1 USD.

Do you find this definition familiar? Exactly, it is very similar to the definition of Tether (USDT), because both are one stablecoins pegged to the US dollar

Again for those of you who don’t know stablecoins is a term used to refer to cryptocurrencies based on blockchain technology and its price is pegged to a certain fiat currency (currency protected by a government) at a certain rate.

Thanks to the above properties, the price of the coins stablecoins will fluctuate very little, it can be said to be almost unchanged.

Advantages of TrueUSD (TUSD)

Born later Tether (USDT) With the aim of bringing a transparent and clear stablecoin to the crypto market, TUSD has its own advantages to be able to compete with USDT. Some of the advantages include:

  • Guaranteed 1:1 ratio between TUSD and USD: All TrueUSD (TUSD) always 100% collateralized in USD, stored at the bank and public audit results regularly.
  • Bank-grade security: TrueUSD will regularly undergo independent third-party audits by leading auditors to ensure sufficient USD is stored.
  • Transparency: TrueUSD bank accounts will be publicly known and subject to monthly audits by reputable third parties.

As can be seen, TrueUSD highly appreciates transparency in the storage and issuance of TUSD. Different from USDT (although both have very similar symbols at a glance), it is always surrounded by questions about transparency.

Maybe you don’t know: What is Tether, USDT? Information to know and buy the latest USDT 2020

The team behind TrueUSD (TUSD)

The development team of TrueUSD project are members of Trust Token, including many prominent names from the university Stanford, Google Brain of the Google, and the company Palantir Technologies. ‘s headquarters TrueUSD located in San Francisco Bay, was established in September 2017.

trueusd-team

The leader of the TrueUSD project is Daniel An (CEO). Daniel has an IT and data science background and has some experience managing developers at PwC.

For detailed information about each member of the development team, you can access the project’s homepage via the link: https://www.trueusd.com/

Can TUSD be mined?

The answer is no. TUSD is a token issued by TrustToken.

To own TUSD, you only have to buy at exchanges.

Should invest TrueUSD or not?

By nature TUSD As a stablecoin, its price volatility factor is almost nonexistent. Therefore, investing in USD Coin becomes less efficient and less optimal.

Also because of the suppression of price fluctuations, TUSD is mainly used as an intermediary currency for exchange when buying and selling.

Unlike USDT, which is often used by Vietnamese traders to buy and sell, when the market fluctuates, converting USDT to VND will have a difference. TUSD less used so the demand to buy and sell it in VND will be less leading to low price volatility. Therefore, making a profit on the difference between the buying and selling prices of TUSD in VND is not efficient.

In short, TUSD is not suitable for investment but only optimal when you use it as an intermediary coin for trading.

Where to buy and sell TUSD?

At the present time, investing in cryptocurrencies as well as buying and selling cryptocurrencies has become much more popular. It is considered one of the most popular ways to make money online. That’s why, the buy TUSD, sell TUSD has also become much simpler.

In this article, I will introduce to you the 2 most popular and simple ways to buy and sell at the moment.

How to buy and sell TrueUSD (TUSD) in VND

Currently, there are many exchanges that support cryptocurrency trading in VND, but separately buy TUSD For prestige, I think the best currently is the Bitmoon exchange.

See more articles: What is Bitmoon? Bitmoon Exchange Basic Guide for Newbies 2020

The advantage of Bitmoon is low fees, high liquidity, support for many coins and can store coins right on the exchange. Besides, Bitmoon has been operating for a relatively long time and the reputation level is guaranteed.

Bitmoon has high liquidity and reputation, so I believe that for basic trading needs, cash out in VND, Bitmoon is enough to apply.

Prestigious international TUSD trading floor

The advantage of all international exchanges is that they support many types of coins, besides also supporting other forms of trading such as Margin, Futures.

For those of you who have traded a lot and have experience, you can use and trade regularly on international markets.

Below is the name of the exchange and a comparison table of transaction fees for your reference.

If you want to learn about which floor, you can click on that floor’s name in the table, there will be a detailed article on that floor.

Exchanges Transaction fee
Houbi 0.070-0.20%
Okex 0.060 – 0.150%
Binance 0.015-0.100%
Kucoin 0.080 – 0.100%

Mainly trading TrueUSD Your account on international exchanges uses ETH, BTC, etc. to buy and sell.

TrueUSD wallet recommended

Depends on usage TreUSD your wallet that you will choose for yourself the appropriate wallet.

Suitable for those who want to store TUSD long term and few transactions.

The advantage of cold wallet is that it is safe and optimal for storage. Cold wallets you can refer to to choose from are: Ledger Nano S, Ledger Nano X.

Maybe you are interested: What is ledger nano S cold wallet? Latest User Guide and Security 2020

Since TUSD is an ERC-20 token, you can completely use current popular supporting web platforms such as: MyEtherWallet nice MetaMask.

Maybe you are interested: What is MyEtherWallet? Instructions on how to create a MyEtherWallet wallet and how to use it

The best choice for this wallet is Trust Wallet, with a friendly and easy-to-use interface.

Maybe you are interested: What is Trust Wallet? How to create a Trust Wallet and use details

This wallet is suitable for those who regularly trade.

Some Reputable trading platform that you can refer to are: Bitmoon exchange, Huobi exchange, Binance exchange…

Conclude

This article has summarized the most basic information you need to know about TUSD. With this article, I hope that readers can grasp some of its investment potential.

Although it will take some time to read the entire article, I hope that your time will not be wasted.

If you find the article interesting and useful, do not hesitate to share it with your friends.

Good luck!

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