TUSD - what is it?
TUSD to token (type of cryptocurrencies) of the project named True USD. This token is stable coinem. This means that its course is linked to the traditional currency (fiduciary). In this case, as the name suggests, the TUSD token is assumed it has always cost 1 USD.
Stablecoins they are equivalent to the usual cash transferred to blockchain. Thanks to that we do not have exchange rate riskthat applies to ordinary cryptocurrencies, such as bitcoin or litecoin, which in a few minutes can gain or lose even a dozen or so percent. On the other hand, we use it the benefits of cryptocurrencies, i.e. lack of brokers, speed, independence and ease of transferring 24h funds daily, 7 days a week.
Stable coins are also a safe haven for investors during the bear market. Instead of losing money by looking at how the cryptocurrency rate is falling, you can exchange bitcoins and other cryptocurrencies on TUSD, without having to exchange them into traditional dollars or zlotys.
TUSD - Pros and Cons
The TUSD is not to be confused with the USDT. The latter token is Tether - the oldest, most widespread, but controversial stable coin, associated with the Bitfinex exchange, which has problems with the law and is notoriously lost.
Unlike USDT, True USD, i.e. TUSD he undergoes regular auditsthat show that in 100% he has collateral in dollars. It makes you trust him at this point.
TUSD is a token ERC20, that is, uses the network Ethereum (ETH), which is the most popular platform for tokens. Thanks to this, TUSD can be stored along with many other tokens on numerous mobile, desktop and physical wallets. An example can be MyEtherWallet.
In truth, trade couples with TUSD are still not as popular as couples with the highest volumes in the entire Tethe market (USDT), but with the popularization of this token, its turnover is increasing. On the recommended stock exchange Binance there are more and more coins and tokens that we can buy directly for TUSD, and the daily turnover of many of them already exceed many millions of dollars today.
Use TUSD on Binance - see our guide to this exchange