BitMesh launches TUSD and opens TUSD trading area, TUSD/USDT trading is available. Deposits is available now. Please enjoy your trading on BitMesh. Go
TrueUSD, part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin pegged to the value of USD. In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company. The contents of said escrow account is verified by an independent third-party accountant that publishes monthly attestation reports.
If someone wants to obtain TrueUSD through the online application, they will need to pass a KYC/AML check. Once that’s complete, they can send USD to one of TrueUSD’s trust company partners. Once the funds are verified by the trust company, their API will instruct the TrueUSD smart contract to issue tokens on a 1 to 1 ratio and to send them to the Ethereum address associated with the account at hand.
- English Name: TUSD/TrueUSD
- Issue Date:2018-03-07
- Encryption Algorithm: Ethash
- Consensus Method: PoW
- Official Website: https://www.trusttoken.com
- Github: https://github.com/trusttoken
- Blockchain Explorer: https://etherscan.io/token/0x8dd5fbce2f6a956c3022ba3663759011dd51e73e#tokenInfo
Investing in digital assets comes with high risks due to huge price fluctuations. Please invest prudently and pay attention to investment risks. BitMesh selects popular and superior tokens, but will take no responsibility for your investment decision.
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Dec 21st, 2018
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