Trueusd (TUSD) is similar to the current USDT, and is a type of “stablecoin”. Released by TrustToken, a startup from Standford Venture Capital, TrueUSD is a transparent and yet mysterious cryptocurrency. TrueUSD is the first highly trustworthy USD stablecoin.
The company guarantees their tokens stability through a cooperation network with banks and trusts.
TrueUSD provides regular audits and maintains compliance by adding KYC (Customer Background Survey) and Anti-Money Laundering (AML) reviews and even reviewing individual user transactions to reduce risk, but this transparent review and audit process also increases additional costs.
TUSD official website: https://www.trusttoken.com/
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