#stablecoin
TrueUSD (TUSD) is a stablecoin on the blockchain pegged to the US dollar 1:1. Each token is backed by a real dollar held in bank accounts of trusted companies, and the balances are verified monthly.
In summary, the way it works:
You buy TUSD with dollars after passing verification.
It can be sent or used for payment quickly and with low fees.
Dollars can be redeemed by returning the tokens to the smart contract.
