TrueUSD (TUSD) is one of the top 100 popular cryptocurrencies in the crypto market currently. In terms of market cap, it is currently the 94th largest digital currency (over US$1.29 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the TrueUSD coin, how it works, and many more.
TrueUSD (TUSD) is a stablecoin that has been pegged at 1:1 to US Dollar (USD). TrustToken (a company co-founded by Rafael Cosman and also a a platform for tokenizing real-world assets) had launched TrueUSD tokens. Initially, in January 2018, it was launched to a limited investor base. As of October 2020, this stablecoin has grown to incorporate around US$400 million of backed tokens.
The main aim of TrueUSD is to:
All these facts and figures (as of November 15, 2021) will help you to make a decision on investing in the TrueUSD coin . Before making TrueUSD coin transactions, check out these facts and figures associated with this cryptocurrency of choice:
These are the facts that made the TrueUSD coin a preferred medium of exchange. Always check out TrueUSD markets data, key metrics, comparison tools, and technical price analysis, top cryptocurrency price, and cryptocurrency news before trading or investing. Don’t forget to check the amount of TUSD needed to exchange USDT and other USD based stablecoins. Also, consult crypto financial advisors and get tips from them on trending coins, know the ways of buying cryptocurrencies, and how to earn crypto easily.
TrueUSD is special because it balances stability, utility, and security (in the form of regular attestations). The parent company TrustToken platform (the trust company behind TrueUSD) describes the TUSD stablecoin as “the first regulated stablecoin fully backed by the US Dollar.”
TrustToken has entered into multifarious corporate partnerships so that they can provide their users and customers with various financial services. One such example is the option to provide higher annualized passive income returns to the holders of TUSD.
TrustToken, the parent company that launched and manages TrueUSD coin, uses real-time auditing of backing and reliability of TUSD to provide maximum transparency. The security issues related to TrueUSD are mainly dependant on Ethereum and issues that affect all other ERC-20 standard tokens. Abnormally high gas fees associated with Ethereum blockchain due to spike in Ethereum traffic may adversely affect transactions.
You can buy TrueUSD coins in almost all reputed cryptocurrency exchanges including:
You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange.
The most popular price pairs of TUSD are:
Before investing, check out historical data of token TrueUSD, crypto news, TrueUSD token price charts, price performance, market updates, TUSD to USD (United States Dollar) exchange rate, the value of TrueUSD coin, trading fees, and others.
The best TrueUSD cryptocurrency wallets to store TUSD coins are:
You can buy and sell TrueUSD and other virtual currencies against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and TrueUSD token markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility.
If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit.
You can also diversify your crypto coin portfolio by including other digital assets such as TrueUSD, XMR, FIL, ETC, WBTC, BCH, BTC ETH, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Tether USDT, Dogecoin price, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), Binance Smart Chain based digital assets, smart contracts based cryptos, nonfungible tokens NFTs, and others.
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