Today: 2021-10-26 Disclaimer: This is not a financial advice

Is it a Good Time to Buy TrueUSD Right Now?

Current Price
$1.0
All Time High: $1.62

TrueUSD is down -38.04958% from its highest price on 2018-08-26.

2/5
Avarage Daily Volume: $115,776,985.00

TrueUSD has a daily trading volume of $115,776,985.00 which it will make it super easy for you to sell your holdings of TrueUSD

Community

TrueUSD has 22607 total followers in all its social media accounts.

2/5
Exchanges

TrueUSD is listed on 100 exchanges

5/5
Price Potential

TrueUSD price value has the potential to increase to $32.35 in the next crypto bull run.
Which may take up to 5 years from now.

Overall Score

Our algorithm believes it's Not So Good time to invest in TrueUSD right now. We give it all overscore of

3.0/5

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Summary of TrueUSD(TUSD):

TrueUSD(TUSD) today price is $1.0, which is down -38.04958% from it's all time high. The avarage daily volume is $115,776,985.00 and you can trade TrueUSD on 100 exchanges.

22607 people are following TrueUSD in all social media accounts.

Our algorithm believes it's Not So Good time to invest in TrueUSD with confident score of 3.0 out of 5.

What is TrueUSD(TUSD)?

TrueUSD provides its token holders regular attestations of escrowed balances, full collateral, and also the legal protection against misappropriating underlying USD. The team believes that TrueUSD will be able to come up with the stable trading instrument for the traders of cryptocurrency that has been long-awaited. This will allow the businesses and consumers to use the digital currency as a medium of an exchange. The goal of the TrueUSD team was to build a coin that is stable and which can be used and trusted by them too. TrustToken is a platform that creates the tokens backed by assets that can easily be purchased and sold all around the world. The first asset token of TrustToken is TrueUSD, which is a stable coin and can be redeemed 1-for-1 for US dollars. TrustToken have partnered with registered fiduciaries and banks for holding the funds securely backed by TrueUSD tokens. To increase the amount of security, fiduciaries, and banks directly handle all the funds. Escrowed funds do not give access to the TrueUSD system. TrueUSD works with various trust companies which already manage around billions of dollars. Just pass an AML/KYC check, send USD to a trust company with an agreement of escrow. When the funds get verified, their API tells the smart contract of TUSD to mint an equal amount of TUSD to your public Ethereum address. The USD funds are regularly verified in scheduled attestations by a very much trusted auditing firm. USD funds are kept safely in a third party account, that is escrow accounts, wherein TrustToken does not hold any direct access to the funds and cannot abscond with them even if they wish to. The token burning and minting system makes sure that every TUSD token is backed by 1 USD. A mandatory check of AML/KYC makes sure that TUSD keeps shady people away from the entire project. TUSD makes faster transactions in low transaction fees. Even though TUSD is a unique offering, it is most likely overshadowed by its bigger competitors - Tether. While TUSD arguably offers more security and features, it may be losing the marketing battle. This is not to say that the situation will remain the same. With more crypto investors joining the market every day, the good times for TUSD may be on their way.