Questions too hard?
Topic: Questions about TUSD, the ERC20 US Dollar stablecoin (Read 94 times)
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Questions too hard?
Questions too hard?
Greetings.
I have a few questions regarding the TUSD (True USD) token, which is the ERC20 equivalent of USDT (yes, I know there are differences).
Wanted to ask:
1. Your general opinion. Do you consider it safer than tether? If you want to hold stablecoins for a while, what's the best choice to do so? Is TUSD a safe choice, or you think USDT will be the better one?
2. I've heard that creating a TUSD token is a complicated process and $1 surely has been spent to generate every token. How certain can we be about that?
3. What are the exact processes that need KYC/AML? I already know that generating/redeeming tokens in the platform needs KYC/AML, but do things like exchanging or hodling need that too? Like, if I exchange USDT into TUSD in binance, then withdraw it to my ETH wallet and deposit it again later to exchange into other cryptocurrencies, do I need ID verification in any of these steps?
Thanks.
I have a few questions regarding the TUSD (True USD) token, which is the ERC20 equivalent of USDT (yes, I know there are differences).
Wanted to ask:
1. Your general opinion. Do you consider it safer than tether? If you want to hold stablecoins for a while, what's the best choice to do so? Is TUSD a safe choice, or you think USDT will be the better one?
2. I've heard that creating a TUSD token is a complicated process and $1 surely has been spent to generate every token. How certain can we be about that?
3. What are the exact processes that need KYC/AML? I already know that generating/redeeming tokens in the platform needs KYC/AML, but do things like exchanging or hodling need that too? Like, if I exchange USDT into TUSD in binance, then withdraw it to my ETH wallet and deposit it again later to exchange into other cryptocurrencies, do I need ID verification in any of these steps?
Thanks.
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