TrueUSD (TUSD) Stablecoin Explained

TrueUSD (TUSD) is a stablecoin, a type of cryptocurrency pegged to the value of a fiat currency, in this case, the US dollar. The value of TUSD is meant to remain relatively stable, unlike other cryptocurrencies, such as Bitcoin or Ethereum, whose value can fluctuate greatly. TUSD is issued by TrustToken, a company that aims to create asset-backed tokens that can be traded on blockchain platforms. The company holds US dollars in escrow, and for every TUSD token issued, a…