Dear community, here is the first in the series of stablecoin reviews performed of the TrueUSD (#TUSD).
The goal is to further raise awareness on stablecoins, and help people understand how they work and what is their overall potential.
Hope you will find them useful!
https://medium.com/cp-processor/stable-coin-review-trust-token-tusd-60bc0a3178f2
Topic: TrueUSD enters the top fifty (by market-cap) (Read 335 times)
The more stablecoins we have the better, having just tether led to widespread manipulation so having a choice of TUSD, geminiUSD, and the up and coming variation from coinbase and circle will help to stabilise the markets
Stablecoin is the basis for the market, and its quantity should be proportional to the growth in demand, if this is not observed, they cannot be stable, which is their main task. USDT is a monopolist in its industry and occupies 98% of the market
I trust USDT more than most of the pack of new stable coins) USDT exist for a long time and there were no any real problems with it, just lots of rumors)
Said everyone about Enron before the financial crisis. Just because something can exist for a period of time without its troubles being unearthed doesn't mean that it has solid foundations and can be trusted completely. No one really knows if tether is safe other than tether themselves so it's up to each person to make their own value judgment.
What stable coins now do you think is good and really stable? Most of them just on one exchange and you can't send them to another.
The recent events in Tether shook the trust considerably and the money was seen to flow to the other crypto coins, which were allegedly stable. But I don't have too much confidence in crypto coins that are said to be stable, and I think it should be very careful.
Are you surprise because I am not, as long as these stable coins can print money any time and no one is auditing their accounts expect this to continue, we have alot of projects now demanding for Tether alternatives and TUSD seems to be capitalising on this golden opportunity
This seems to be more of the same but instead of having a single tether we are going to have several of them with the same characteristics and in which you cannot trust since it is impossible to know if those cryptocurrencies are actually backed by dollars or not, but as we know the most likely outcome is the one we have seen with fiat all the time and that none of those coins are backed by all the dollars their developers claim. 
I trust USDT more than most of the pack of new stable coins) USDT exist for a long time and there were no any real problems with it, just lots of rumors)
Said everyone about Enron before the financial crisis. Just because something can exist for a period of time without its troubles being unearthed doesn't mean that it has solid foundations and can be trusted completely. No one really knows if tether is safe other than tether themselves so it's up to each person to make their own value judgment.
I trust USDT more than most of the pack of new stable coins) USDT exist for a long time and there were no any real problems with it, just lots of rumors)
Maybe if you read this article, you will uunderstand better that there is a huge difference between USDT and TUSD, when it comes to trust and the two should not even be compared at all.
https://medium.com/faast/trueusd-vs-tether-which-crypto-dollar-is-worth-your-dollars-115bf30787e0
I hope you know the issue that has been going on with tether for a while now in terms of not being backed by real cash, and just being printed out of the blue, as well as the team not even being transparent enough to allow auditing. These are some of the things that TUSD has solved and for what it is worth, a lot of people looking to hedge their funds already have ended up losing trust in USDT and now have to look for a better alternative.
Based on the article;
https://medium.com/faast/trueusd-vs-tether-which-crypto-dollar-is-worth-your-dollars-115bf30787e0
I hope you know the issue that has been going on with tether for a while now in terms of not being backed by real cash, and just being printed out of the blue, as well as the team not even being transparent enough to allow auditing. These are some of the things that TUSD has solved and for what it is worth, a lot of people looking to hedge their funds already have ended up losing trust in USDT and now have to look for a better alternative.
Based on the article;
Quote
Each TrueUSD token is backed up 1-to-1 with real US dollars. However, TrustToken does not actually hold any USD reserves themselves. Instead, they have partnered with legally registered banks and fiduciary institutions which hold the dollars in escrow — a time-tested and widely understood legal framework which has been in use for generations.
I guess that explains the difference you need.I did read that before making this thread, but what I'm trying to focus here is the "background" of the company we're relying on. A few months back, FSS report did tell that all of USDTs are backed by a dollar, but that can't assure that it'll continue to be backed by a dollar. However, in the cases of Gemini, Circle, and Coinbase, we do know about most of the background of these companies and they're much more reliable than TUSD or USDT.
I also do not believe in TUSD, it has the same scenario as USDT, there is not much expectation for it.
Growing up too fast is not a good thing, I guess it will escape the top 50 cmc in the next few months.
This is a hypothesis, but it can happen because a lot of Stabalcoins are on the market and the competition is going to be fiercer. I think in the future we will have more options and major exchanges will have appropriate policies to match the investment to reduce inflation in this market. Growing up too fast is not a good thing, I guess it will escape the top 50 cmc in the next few months.
As I remember few days ago something happened on Binance exchange and it affected really good to TUSD that why TUSD can have high rank like at the moment. Although TUSD created much after USDT but seem like it's a really good cryptocurrency 
. Beside, there are so many guys said that USDT is a scam one so maybe they're trying to use TUSD to see if it's really good or just the same with USDT. LOL.
Just as you have said, USDT is a huge scam, a stable coin that has just been printed with no audit or transparency and the only thing we keep hearing is that it is physically backed with fiat in the bank and those are just some things we cannot see. . Beside, there are so many guys said that USDT is a scam one so maybe they're trying to use TUSD to see if it's really good or just the same with USDT. LOL.TUSD on the other hand is a different case, this is first of all based on a smart contract, so everything is transparent, and secondly there is an audit and this is a true definition of what I expect a stable coin to be like. USDT sucks and a lot of investors are really losing trust in it, which is why it would implode at the end, but it is a normal thing to see investors who are looking to edge, moving their funds into a more reputed stable coin.
Usdc , from Goldman's Sachs...
And DAI, a decentralized stable coin
New stable coins coming around. It's good to have alternatives, because if tether crashes, the fall of the cryptocurrency market will not be so big if other stable coins are ok(and largely used)
And DAI, a decentralized stable coin
New stable coins coming around. It's good to have alternatives, because if tether crashes, the fall of the cryptocurrency market will not be so big if other stable coins are ok(and largely used)
Maybe if you read this article, you will uunderstand better that there is a huge difference between USDT and TUSD, when it comes to trust and the two should not even be compared at all.
https://medium.com/faast/trueusd-vs-tether-which-crypto-dollar-is-worth-your-dollars-115bf30787e0
I hope you know the issue that has been going on with tether for a while now in terms of not being backed by real cash, and just being printed out of the blue, as well as the team not even being transparent enough to allow auditing. These are some of the things that TUSD has solved and for what it is worth, a lot of people looking to hedge their funds already have ended up losing trust in USDT and now have to look for a better alternative.
Based on the article;
https://medium.com/faast/trueusd-vs-tether-which-crypto-dollar-is-worth-your-dollars-115bf30787e0
I hope you know the issue that has been going on with tether for a while now in terms of not being backed by real cash, and just being printed out of the blue, as well as the team not even being transparent enough to allow auditing. These are some of the things that TUSD has solved and for what it is worth, a lot of people looking to hedge their funds already have ended up losing trust in USDT and now have to look for a better alternative.
Based on the article;
Quote
Each TrueUSD token is backed up 1-to-1 with real US dollars. However, TrustToken does not actually hold any USD reserves themselves. Instead, they have partnered with legally registered banks and fiduciary institutions which hold the dollars in escrow — a time-tested and widely understood legal framework which has been in use for generations.
I guess that explains the difference you need.
I agree that we are just seeing another Tether on the top spot. Once it has gain more in the future I guess same thing would happen just like what Tether did.
IMO, people who are into Tether are moving to TUSD and thinking that its safe to stay there or else there's really a group or a whale who loves to get in touch with these stable coins.
IMO, people who are into Tether are moving to TUSD and thinking that its safe to stay there or else there's really a group or a whale who loves to get in touch with these stable coins.
what we really need is a powerful Gemini Dollar (GUSD) or Paxos Standard Token (PAX), which are truly backed by a dollar.
Plus USDC!
A very big announcement for USDC just got published at Coinbase's blog:
Coinbase and Circle announce the launch of USDC — a Digital Dollar
https://blog.coinbase.com/coinbase-and-circle-announce-the-launch-of-usdc-a-digital-dollar-2cd6548d237
I never thought TUSD was just like tether since I heard that TUSD was audited and backed by 1:1 ratio in dollar. GUSD on the other hand surely is to be trusted because of positive feedback from its users and was audited by a real institution. The twin brother have a strong reputation in in this industry so I am pretty sure that GUSD will get ahead of TUSD and USDT. Got to do my own research with PAX before leaving a comment with this altcoin.
i dont really like another stable coin like tether, no much fun for holding it..it just for safing in dip market and withdrawal easy fiat exchange....
TrueUSD, till 1 month back, wasn't even in the top hundred. On a daily basis, it's getting printed and gaining more & more marketcap:
https://i.imgur.com/l70ARXl.png
IMO, it's not very good. We're just witnessing another Tether getting into power; what we really need is a powerful Gemini Dollar (GUSD) or Paxos Standard Token (PAX), which are truly backed by a dollar.
We only know about TUSD as much as we know about Tether; both of these just can't be trusted!
Okay, another kind of tether has come. So, why must tether holders convert their tether for a new type of tether? https://i.imgur.com/l70ARXl.png
IMO, it's not very good. We're just witnessing another Tether getting into power; what we really need is a powerful Gemini Dollar (GUSD) or Paxos Standard Token (PAX), which are truly backed by a dollar.
We only know about TUSD as much as we know about Tether; both of these just can't be trusted!
We need an institution that has an intention to audit TUSD. I'm not sure if a real dollar backed that. I can trust gemini but not for tether and TUSD.
you are absolutely right sir.
It will be too early to say TUSD as next tether, I checked their medium post Attestation of TrueUSD Funds — Examined October 16th, 2018 by TrustToken Team https://link.medium.com/UypcDCK5fR. There is audit report by Cohen and Company firm detaling their total fund reserved is attached. Since last six months there has been huge rise in stable coins like TUSD, USDC, PAXOS, GUSD, HUSD and obviously they will get advantage over TETHER due to its controversial separation with bank and auditors.
I find it awesome when Tether gets competition but the new competitors don't mean anything until proven to be backed by real-world valuables.
Before I trust any of them I really wanna see solid proof.
Before I trust any of them I really wanna see solid proof.
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