In the spring of 2018, the total cryptocurrency capitalization was $ 100 billion, and by the beginning of November this amount had doubled. This financial metric signals the growing role of crypto in the digital economy.

As a rule, cryptocurrency performs all the functions of money:

Means of circulation.
Accumulation and saving.
Instrument of payment.
World money.
Only one thing remains unattainable to her - a measure of value. In the case of TrueUSD, the opposite is true: based on the fact that the asset is 1 to 1 equal to other currencies, a coin can be the equivalent of goods and services. Thus, this coin is no different from any pegged banknotes and coins.

This feature opens up more new opportunities for the crypt and simplifies its consolidation at the legislative level and social perception.

The technical characteristics of the currency include:

Ease of course determination.
Familiar and understandable terms and mechanisms of use.
Stability and less exposure to risks.
Limited influence of external factors.
The building is based on the latest technology and is constantly being upgraded.
Convenient transactions, in particular withdrawal and exchange.
This currency does not jump in price due to factors such as market competition, the political situation in a particular region. It completely repeats the values of foreign exchange, which depends only on the decisions of central and world banks, as well as economic indicators.

About TrueUSD

TrueUSD is a representative of the so-called stablecoins. They are pegged to fiat and maintain the value at a fixed level in the proportion of 1 TUSD = 1 $. Thus, the token issuance platform (centralized reserve) undertakes to guarantee the exchange at this rate.

Stablecoins are cryptocurrencies that are tied to ordinary money or goods in the material world. Their rate is usually less subject to fluctuations than other crypts. This is a kind of stabilization mechanism. The reason for their appearance was the desire of investors to reduce the risks of volatility. It was necessary to create a reliable storage medium that would retain the value of the assets.

Interest in TrueUSD arose in 2018. This is due to the availability and stability of the coin. After examining all the characteristics and indicators, you can only ask one question: how can you get income on the currency assigned to the dollar?

The answer is very simple. The process of earning and the functioning of the entire system as a whole consists of receiving interest on transactions. Further, the dollars received for the cryptocurrency are invested in US debt bonds.

There is one contradiction in this seemingly simple system. By their nature, all cryptocurrencies are not similar to each other, but their common feature is that they are not controlled by a centralized mechanism. In the case of TrueUSD, the opposite is true. It depends on the position of the dollar, which is regulated by the center.

The TrueUSD cryptocurrency is issued by the TrastToken platform. TUSD is an ERC-20 token that operates on the Ethereum platform, making it possible to buy and sell crypto around the world.

ERC-20 is a unit of account and a standard. It dictates the rules for the creation and use of tokens. Created on the basis of Ethereum, they allow you to control all operations for the use of assets in electronic access mode (online). The advantage of the standard is the ability to combine with other sites and programs. Each user can create their own tokens. To do this, you just need to use the code that is posted on the site.

TrueUSD features

Like all projects, TUSD is endowed with its own priority goals:

development of financial services and operations;
simplified entry into the cryptocurrency market;
reliable preservation of assets;
trading.
TrueUSD transactions can be as follows:

Traditional exchange.
Custom calculations.
Payment for services.
Shopping.
Credit.
Compliance with the terms of the contract.
Payment of wages and others.
To get started with TruUSDi, you need to send your smart contract with tokens to the address registered in Ethereum. After that, the bank will process the received data and withdraw funds to the users account. From the moment they arrive, you can begin to freely dispose of them. A big plus is the stability of the rate, which does not change during the course of the transaction.

The transfer of funds is made by the program, which first implements the verification of the participant and the transfer. Next, it sends a request to a smart contract with information about the change of owner for a certain number of tokens. The specified quantity disappears from the senders account and appears as an asset to the recipient. All participants in the transaction can track the data about it.

With smart contracts, moving funds is faster and more convenient. Simultaneous plus and minus is the constant of the terms of the contract. There is no possibility here, as with a bank transfer, to return the funds back. From the moment the assets are gone from the owner, there is no turning back.

The so-called "oracles" are responsible for collecting information from the real world about all participants so that users can realistically assess each others capabilities and behavior.

The official site of tokens provides examples of transactions for working with real estate, timeshares, stocks and bonds, small businesses, gold and oil, copyrights and patents, collectibles (these can be coins, private business investments and proposals for the development of sports).

Transactions also allow users to offer objects that they partially own, with the prospect of their further sale through global exchanges.

How is TrueUSD created?

Before the advent of TrueUSD, the TetherUSD crypto was circulating on the world market, the creators of which assigned it such features as:

TetherUSD is not money or financial instrument;
the crypt is not expressed and does not pay off in fiat;
the holders of the token of this site have no property rights.
This position was caused by the indignation of the US regulatory authorities. After that, many questions arose from the public, and the currency crashed.

The creator of the TrueUSD cryptocurrency took into account all the bitter experience of its predecessor and analyzed public demand, after which he developed and released a cryptocurrency that satisfies all social interest. This happened in March 2018. For 2 months of its existence, the project collected 12 million investments, and after a couple more this figure reached 20 million.

The TUSD issuer conducts monthly audits to control all the features. In addition, he uses funds from several companies for the operation of the project.

Creators of the TrueUSD cryptocurrency:

Rafael Cosman is CTO and co-founder.
Denny An is co-founder and CEO.
Stephen Kade is co-founder and head of operations.
This team is made up of alumni from the most prestigious universities (such as UC Berkeley, Stanford and Carnegie Mellon University).

Is TrueUSD Endless?

TrueUSD does not have an upper limit on the issuance of tokens, like all other competitors, because it is capped by the amount of dollar investments. At the moment, the total turnover of TUSD is 155 391 455, and the price of each token is $ 1 at a rate of 1: 1. This is approximately $ 155.4 million.

In the States, there is a program that allows you to invest your tokens without risk for a 6-month period. The state uses digital assets for lending. Members earn 8% every 3 months. The advantage is on the side of the largest investors.

In its work, the company relies on the following guidelines:

the legality of all transactions;
exchange rate stability;
independence from the market situation;
transparency of all transactions and issues;
openness and reliability;
trust from users and investors;
transactions without intermediation.
The purpose of the TrueUSD cryptocurrency is to improve the transparency and legal support of transactions. It has been fully achieved.

The TrueUSD cryptocurrency is not only enshrined at the legislative level in some countries, but also supported by the government and investors.

Strengths of TrueUSD

TrueUSD serves as a conduit from crypto to fiat money. Due to its peculiarities, the asset won a large trading volume and received high liquidity (the ability to quickly sell at a price close to the market price).

Stablecoins are legally protected and always transparent to audit, which makes them more reliable than other crypts. These factors attract a lot of investor interest.

The companys assets denominated in US dollars are distributed among several fiduciary partners, each of whom holds a certain amount in their account. This data is transparent. A report is published daily, and monthly audits are conducted. Together, these phenomena make it possible to track any movements of the TrueUSD cryptocurrency, making it reliable for capital investments.

There is no centralized management of tokens, which makes it impossible to abuse them. In addition, the developers have created a reliable security system, thanks to which no one can gain access to assets, and all transaction data is processed only through the transaction accounts.

TUSD has the following advantages:

Legal support and legal protection. Token holders receive proper legal protection of their ownership. The exchange undergoes regular audits and attestations.
Reliability. The TrueUSD cryptocurrency rate is equal to the US dollars, which are known throughout the world as the most stable and logical means.
Safe fund management. There are no intermediaries in financial transactions. The entire balance is spread across several key protected accounts.
100% security. All assets are expressed in terms of real capital investment.
Confidentiality and the simultaneous transparency of "accounting" are skyrocketing public demand. The currency is quite diverse and affordable, which makes it possible to use it both by individuals and by entire corporations.

TrueUSD in TOP currencies

In the market capitalization rating, this stablecoin holds the 38th position, which is quite good considering the current development of the digital economy and the birth of a large number of competitive companies.

The minimum threshold to which TrueUSD fell, $ 0.93 per unit, was recorded on April 7, 2018. The maximum was tracked on 05/16/2018 and was $ 1.36. Now the tokens have stably secured a position of $ 1.

This data helps to conclude that the currency is not subject to the volatility that exists in the market.

TrueUSD cryptocurrency can be in tandem with BTC, ETH, BNB. If the user is a holder of one of them, he will automatically have access to TUSD.

The prospects for TrueUSD will continue to grow. Crypto will attract the most attention in developed countries with volatile exchange rates. In April 2019, the firm entered into a cooperation agreement with the auditor Armanino.

The role of TrueUSD is like a bridge between the crypto market and fiat currencies. It is a kind of intermediary that has taken the best characteristics from both sides and allows a smooth transition from a traditional financial system to a digital one. All things considered, TrueUSD is committed to becoming the full digital equivalent of the dollar.