Greetings everyone, today we will talk about stable coins part-2 with professor @yohan2on we will talk about a stable coin very recognized for its stability is called TrueUSD. thanks to the founders of the academy #SteemitCryptoAcademy for creating these courses that not only nso teach us but also to many readers who want to get into the cryptocurrency and do not know how to safeguard their profits obtained with some currency and very often resort to high costs to move from digital currency to centralized fiat currency.

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What is (TUSD)

TrueUSD is a stable coin works on the Ethereum blockchain is an ERC-20 token is used to provide stability, to trade without any additional cost 24/7 this coin ranks 143 of market capital and has a value of $ 305 million stable currencies are usually linked to several assets or an asset which has a stable value as the dollar, some mineral as gold, and properties in this case the (TUSD).

It is backed by U.S. dollar and is subject to constant audits to demonstrate its transparency and the capital is not managed directly by the developers but by a third party to give more security to the investor

Source

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Why should I use (TUSD)

we have in mind that traditional digital currencies such as the BTC is highly volatile is like an untamed horse, to control our capital in the crypto world we must take the profits they generate or back our capital with a stable currency.

Advantages of using TUSD

Its purchase is very easy you just have to enter the trustToken platform go through a KYC verification and buy with your credit card or bank transfers you can also do it directly in any exchange wallet you have exchange BTC/TUSD without problems,

Any changes in the global economy will not affect the currency nor will the high volatility rates of the market, the currency will remain stable 1 USD = 1TUSD.

Transparency is the currency that best manages customer confidence with constant audits.

So we see it is very useful to have coins like TUSD as it gives us security for both the operator to take profits and save the assets and for those who want to use it only for some stable business. also serves as a gateway fiat to digital.

Disadvantages

disadvantagesI see is that the currency keeps its reserves in centralized accounts, which means that it can be blocked at any time by any government that wants to perform an audit.

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Conclusion

TUSD gives us protection and stability against the volatility of digital currencies in addition to its speed in terms of exchange of BTC / TUSD or ETH / TUSD etc, I have learned how and where to buy TUSD in addition to its benefits and disadvantages that are very few compared to other currencies this is the best for me in terms of stability thanks teacher @yohan2on and all who are behind this wonderful cryptocurrency courses.

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Cc:
@steemitblog
@steemcurator01
@steemcurator02
@yohan2on

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