Hello steemit community!
Hope you all are fine.Here I am back with another homework.I read the lecture given by @yohan2on and found it quite constructive and intresting.It is the continuation of previous week's lecture stable coins.I will try to share my complete understanding about the topic so lets start.
Previously I wrote about DAI.In this week I want to write about TUSD.

Source

Introduction

TUSD stands for True USD. True USD is the cryptocurrency which was generated to remove or minimise the volatility from the blockchain based money and to give a stable value.It is based on ethereum blockchain.It's value is maintained closed to 1$.

Source

The company which issues the TUSD is called trust token platform.The employees of google and UC berkely founded it back in 2017 and made different partners and signed escrow agreements to avoid stacking of USD at one place.Monthly audit was done in order to ensure trust in TUSD.you can easily buy TUSD from Trust token platform.

What is the process.

First lets understand the term tokenization.it is when you get the USD the equivalent amount of TUSD are generated as the value of TUSD is 1$ so for example you want to get $100 equivalent TUSD tokens so 100 TUSD tokens will be generated and will be given to investor.Its transperancy is maintained by keeping the deposited USD in third party escrow accounts and regular audits are done.

And reverse process is for the redemption of the TUSD.

Purpose of TUSD

1)To build economies
2)To fight against the variation in market for traders and exchanges.
3)To take advantage of blockchain network without exposure to massive price variation.

Purchasing and trading

The purcasing and redemption process is very much simple,you just have to go on Trust token platform and you can easily buy or redeem TUSD tokens from there.
And it is widely available on different trade exchanges like Binance,HitBTC and MXC many others.

Advantages

1)it is secure as handled by third party and regularly audited through this confidence of people is gained.
2)stable.No risk is involved.
3)It is easily to get TUSD tokens.
4)It is easily available in market and is excahangable.
5)The holder of coin has the full advantahe of legal protection.proof of everything is given to them so they don't have to worry about volitality or other things.

Disadvantages

1)Its price is constant so the investors who are looking for profit it is not for them.
2)The popularity among the people is decreasing day by day as compared to other stable coins.

Conclusion

The one who is looking for the secure and stable coin shoud go for the TUSD.Market fluctuations does not effect it.It is widely available in market.

That is all from my side.I hope my points are justified.

Special mentions

@steemcurator01
@steemcurator02
@yohan2on