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Another week so another new task from our @yohan2on, stable currencies today I will talk about TrueUSD (TUSD).

what is stable coin?

They are the most important cryptocurrencies in the blockchain world, as they try to combine the benefits of crypto with the stability of fiat money. This is why they have become so important in the crypto market although this does not mean that they have gained trust within the community.

Today we will talk about TrueUSD

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What is TrueUSD (TUSD)?

It is a token that has a fixed price to fiat currency, this group of tokens are known as stable coin and usually have a fixed price backed by a high value currency such as the dollar.

TUSD is an ERC-20 token, this is the term used to refer to the tokens that inhabit the Ethereum blockchain, this coin is backed by USD and fully guaranteed. It is fully legal and protected verified by third parties.

TrueUSD has similar goals as other stable Coin projects. This token hopes to become a stable trading currency for cryptocurrency traders.

Trust Token is a platform that specializes in creating asset-paid tokens that can be easily bought and sold worldwide. TrueUSD is the first token created on this platform.

The TUSD company was created in September 2017 by Rafael Cosman, Danny An and Stephen Kade in the San Francisco Bay Area.

TUSD token

It can be exchanged for one US dollar, to acquire TUSD tokens you must complete an AML/KYC process and transfer to the custodian's account the amount you want. Then transfer the Ethereum address the amount provided by the user, an equal amount of TUSD.

Some properties of the token are:

• It has legal protection for the token holders.

• TUSD can be exchanged for USD

• Fonds are reliable as they can be exchanged directly into USD with an escrow account.

• The TUSD token is fully collateralized by USD. These TUSD tokens are made by Smart contractor audited publicly and then the tokens are burned.

• Periodically the platform is evolving independently of third parties by auditors.

Conclusion

This token is quite reliable and easy to use, its 1 to 1 exchange rate with the dollar makes it safe when making transactions, although its arrival in the crypto world is to challenge the Tether that now holds the stablecoin. Its combat is transparent.

Thanks to @steemcurator01, @steemcurator02 for the support on my publications