TrueUSD is a U.S. dollar stablecoin pegged to USD at 1:1. First launched to a limited investor base in January 2018, TrueUSD has since grown to incorporate almost $400 million of backed tokens as of October 2020.
TrueUSD is one of a number of cryptocurrency stablecoins administered by TrustToken, a platform for tokenizing real-world assets.
As with other stablecoins, TrueUSD aims to facilitate increased liquidity and provide cryptocurrency traders and general users with a nonvolatile asset relative to free-floating tokens such as Bitcoin (BTC).
As of October 2020, TUSD is the 38th largest cryptocurrency by market cap.
Summer and Fall 2017
December 2017
January 2018
February 2018
2018 and beyond
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We are very attracted to TrustToken and the entire ecosystem they are building. With a potential $256 trillion of assets that can be tokenized, the ‘Liquidity Premium’ that TrustToken briefly highlights will be a major driver of growth and adoption for such fractional ownership.
For the reasons listed below, Picolo Research maintains a buy rating:
• In comparison to others in the ecosystem, TrustToken is an established company with some segments of its roadmap already operational (TUSD)
• The market opportunity for creating fractional ownership of real-world assets on this scale is significant
• The core team comes from a highly technical background. We believe they have considerable bandwidth to execute on their roadmap
• The recent launch of TUSD on Bittrex is a reassuring sign that the company is focusing not only on development but also puts high importance on market engagement and penetration
We acknowledge that there are still currently gaps in the information that is to be communicated in the official whitepaper.
We are advised by the team that clarification on some of the key points will be publicly distributed in the short term along with further details regarding the public sale. In light of the preceding, we believe that TrustToken (TRU) is a long-term buy for those seeking exposure to an innovative protocol that could one day be used at scale.
This offer is based solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.