I have heard about a project called True USD or TUSD. As I understood correctly, they will be listed on major exchanges as a currency against others. For example, maybe on Binance we will see such a pair: BTC/TUSD. I bought some TUSD when the market was falling
Well, technically you should be buying the stabelcoin when the market is UP (to protect your gains) and then buy cryptos with your stablecoin when the market is down (and ride it back up).
The TrueUSD project is decent attempt to replace Tether but there's a few problems
1) It's built on ERC-20 which is just too slow for modern payments and processing. It's maybe ok on a few exchanges as a "cash" option but that's about it. Not useful to send payments to others, not useful for merchant processing etc
2) TrueUSD has not actually published any reports of their holdings. They keep saying they are fully audited and transparent but yet I have no idea where and how much actual $USD they are holding on deposit. While it doesn't mean it's a fraud by any stretch, it's not a good start for them to be at $43 million market cap and still not a
single published report/audit