What Is TrueUSD (TUSD)? A Regulated USD-Backed Stablecoin

Описание: TrueUSD (TUSD) is a fiat-backed stablecoin that operates on multiple blockchain networks, including Ethereum (ETH), Tron (TRX), Polygon (MATIC), Avalanche (AVAX), and others. The TUSD coin is pegged 1:1 by US dollars, and the market cap is $1.5 billion dollars.

TrueUSD launched in March 2018 with the intention of creating a stablecoin that would be fiat-backed. Users can deposit their TUSD on the TrustToken platform and redeem it directly to their bank accounts using wire transfers. TrueUSD is a registered entity that belongs to TrueCoin LLC and is compatible with laws and regulations in the United States and many other areas worldwide.

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Timestamps:
00:00:00 What is TUSD?
00:02:11 Comparison with USDT and USDC
00:02:44 Are stablecoins the same as dollars?
00:05:36 Who is behind TUSD?
00:06:15 Is TUSD government compliant?
00:07:13 How to cash out with the Trusttoken app

#Phemex #Crypto #stablecoin #TUSD #TrueUSD

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