Question 1

What is True USD v1 (TUSDV1)?

Accepted Answer

TrueUSD (TUSD) is a stablecoin that is pegged to the value of the US dollar at a 1:1 ratio. It is built on the Ethereum blockchain and operates as an ERC-20 token, and also has a bridged version on the Binance Smart Chain (BSC) as a BEP-20 token.

Question 2

Who created True USD v1 (TUSDV1)?

Accepted Answer

TrueUSD was created by a blockchain startup called TrustToken, which was founded in 2017 by Rafael Cosman and Danny An. TrustToken is a platform that provides asset tokenization services to various industries and TrueUSD is one of its flagship products.

Question 3

What is it used for?

Accepted Answer

TrueUSD is primarily used as a digital alternative to the US dollar, providing a stable store of value and a means of exchange for people and businesses. It is particularly useful for those who want to take advantage of the benefits of blockchain technology, such as instant transactions and low fees, without being exposed to the volatility of cryptocurrencies. TrueUSD can be used for various purposes such as remittances, e-commerce, and peer-to-peer payments. Additionally, it can be traded on cryptocurrency exchanges and used for trading purposes like other cryptocurrencies.