TrueUSD (TUSD) is a stablecoin linked to the US dollar.
It was created with the goal of providing the user with the opportunity to participate in cryptocurrency transactions without being subject to the high price volatility inherent in most cryptocurrencies.
Pros of TrueUSD: Price stability.
One of the main advantages of TUSD is price stability.
This means that users can conduct transactions without worrying about cryptocurrency price fluctuations.
Decentralized: TrueUSD uses blockchain to conduct transactions, which means it is decentralized and does not rely on one central authority.
Security: TrueUSD offers a high level of security thanks to the use of blockchain technology, which provides protection against fraud and hacking.
Ease of Use: TrueUSD is easy to use and allows users to conduct transactions anywhere in the world without time or location restrictions.
Cons of TrueUSD: Centralized audit.
Although TrueUSD is decentralized, it is audited by a centralized company, which may raise questions about transparency and reliability. The need for trust.
Like any stablecoin, TrueUSD requires users to trust that the issuers of the coin have a sufficient supply of US dollars to maintain a stable price.
Limited Use: TrueUSD is focused exclusively on cryptocurrency transactions, which limits its use in other areas.
Small selection of exchanges: TrueUSD is not supported on all cryptocurrency exchanges, which may create some inconvenience for users
