Hello friends from #SteemitCryptoAcademy and other communities, today I am quite happy doing the week 7 homework, stable currencies - Part 2 from Professor @yohan2on .In the last homework we were talking about stable currencies, in my case I chose the Tether for being the currency I am familiar with.

However today in class I discovered that everything is not as wonderful as it seems, it has its disadvantages so it is not advisable to back up our capital for very long periods of time because it could suddenly disappear. This was what I managed to understand about the negative part, apart from the fact that it does not generate any kind of interest or profit.

For week 7's homework, I chose the TRUEUSD (TUSD) currency.

The TUSD is a stable DECENTRALIZED currency, its market value is $1, and it is born thanks to TrustToken, a platform in charge of creating Tokens, with the hope of replacing the Tether, which has generated distrust among investors. The backing of the TUSD is the US dollar and it is legally protected thanks to the constant auditions that are made, due to the fact that tokens are constantly exchanged for fiat money. These people are in perfect capacity to protect and guarantee the TrueUSD fund, although to be honest, we must always work with caution, sometimes we are surprised by unexpected changes.

Here is the TrueUSD Team

Recurso

*We must remember that the stable currency is not recommended for trading, since it does not generate interest, its value will always be of $1 since it was designed for this, it would be used only as a bridge to make Token exchanges, for a moment of decision making regarding investments or to make a transaction for some commercial use.

It is expected that the TrueUSD will be a currency that can be used by consumers as a means of exchange, thanks to the confidence that the currency generates, and thus use it in a commercial way.

TrueUSD's performanceRecurso

Definitely the TUSD has many advantages in terms of security over the Tether, because of the way in which the exchange is made, these audits are key to maintain confidence.

To make an exchange of this currency, first a check must be issued to TrueUSD, through a smart contract created, if approved, the fiat money is released, sending in US Dollars to the user who requested the exchange.

How do we know the money is safe?

For large investors it is necessary to know, why they should trust a Centralized Token, more when there are so many negative rumors about Tether, and Basis stock in 2018 closing with $100 million USD, as read in the class.

For the USD are stored and secured in a third party account , where TrustToken will not be able to access them thanks to the fact that the account so guarantees.

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This is my homework, thank you very much for coming here, I hope the translation is understandable!

If you want to do Professor yohan2on's homework, here is the link Steemit Crypto Academy week 7: Stable coins - Part2

Cc. @steemcurator01 @steemcurator02