This is my homework for professor @yohan2on, in the seven week of Crypto Academy. I'm really glad I'm able to do Crypto Academy Week 7 Homework. I will try to complete the regular homework and understand the information given by the professor.

Homework task: Write about any one of the following Stable coins

• USD Coin (USDC)
• TrueUSD (TUSD)
• Paxos Standard (PAX)
• Digix (DGX)

One of the four topics I will discuss TrueUSD (TUSD).

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Introduction of TrueUSD (TUSD)

True USD (TUSD) is a stable and parallel currency. This coin is a parallel and stable coin placed in the Ethereum blockchain like other coins. This is a completely safe coin. Users of these coins are extremely safe compared to others. This token is also called ERC-20. This coin is always stable and it always maintains a 1: 1 relationship with the US dollar. It always maintains a parallel price to such a size and it becomes easier for traders to invest in their case when they find something that is always safe.

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Since TUSD is a highly secure coin specialty, there are no bank accounts or special algorithms used. And it is a coin that is highly trusted by the Americans and it is associated with many types of press agencies. Uses a variety of mechanisms for all types of customer safety that are extremely daring for customer use. Its market is huge. If you look at the four of its markets, you will understand how much trust and how much a free coin.

True USD plays a very important role when the market is volatile. If anyone wants to enter the market, I would say that one should not enter the BTC / ETH market first. Should start first depending on TrueUSD.

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How Does TrueUSD (TUSD) Work?

TrueUSD (TUSD) works by following a procedure. In this case TrueUSD (TUSD) activities are dependent on the completion of third party escrow accounts. The process that is followed here is done in three mediums. They are User, Trusted Company & TrueUSD. When users need information, they want information from trusted companies. In this case, the companies send a signal to TrueUSD through a smart contract to verify the purchase. TrueUSD then sends the coin to the user's wallet. And so procedure runs in a cyclical way.

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Benefits of TrueUSD Stable coin

• TUSD is a highly secure coin
• Strong legislation protects accounts
• No bank accounts or special algorithms used
• TUSD plays a very important role when the market is volatile
• TUSD control instability of price
• TUSD token is collateralized by USD

Disadvantages of TUSD

There are some good and some bad things associated with each of these things. There is some downside to TUSD in that there is a third party relationship in which the chances of being hacked in the future are many times higher in which the users have to worry a lot.

Conclusion

TrueUSD is a highly stable and reliable coin. In this case anyone can do business here with a lot of fidelity. But one thing to keep in mind is that first of all we should not invest in big coins like BTC. We must first rely on our TrueUSD coins to continue our activities. The most important aspect is that TrueUSD plays a very important role in the volatile situation and maintains a 1: 1 ratio with the USD.

Thank you for reading my homework. Thank you all very much, especially Professor @yohan2on.

Cc :-
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02
@stephenkendal

Written by; @msharif