True USD PRICE TUSD
TrueUSD is a blockchain-based stablecoin pegged to USD, which is the first asset token build on the TokenTrust asset tokenization platform, TUSD is created on the Ethereum network, thus it can be stored on any ERC20 TrueUSD wallet, such as MyEtherWallet, Ledger Wallet, MetaMask and Ethereum Mist DApp. TUSD was created to challenge Tether, another stablecoin. TUSD has a clear and transparent method on the purchase/redeem process. TokenTrust has set and published the standard KYC/AML procedure related to the TUSD transaction.
Value-wise, TrueUSD USD value is on a 1:1 ratio, which means for each 1 TUSD, there’s 1 USD reserve on the escrow account. Several major exchanges, such as Bittrex, UpBit, Coinbase and Binance have already listed TUSD on their platform. On Binance TrueUSD is the first choice for stablecoin as the exchange doesn’t list Tether (USDT) on the platform.