What is TUSD
TUSD, or trueUSD ,is part of the Truston asset platform. Its a blockchain based stable coin that enables traders to keep funds exchanges but in a stable asset which isn’t as susceptible to market fluctuations. Although very similar to USD Tether, TUSD is instead a direct response to many of the problems and controversies surrounding tether. Unlike Tether, TUSD does not work off of hidden bank account and is not a system based on trust. Instead TUSD uses a system where dollars are held in bank accounts across multiple companies which have signed escrow agreements. These escrow accounts have there details published everyday and are subject to monthly audits. If someone then wants to buy TUSD they will have to verify their identity with a partner company and will be issued TUSD in a 1:1 ratio of their deposit. This transparent, simple system positions TUSD as an emergent leader in the stable coin place and a solution to many of the problems seen with alternatives such as Tether.