TrueUSD, till 1 month back, wasn't even in the top hundred. On a daily basis, it's getting printed and gaining more & more marketcap:
IMO, it's not very good. We're just witnessing another Tether getting into power; what we really need is a powerful Gemini Dollar (GUSD) or Paxos Standard Token (PAX), which are truly backed by a dollar.
We only know about TUSD as much as we know about Tether; both of these just can't be trusted!
Okay, another kind of tether has come. So, why must tether holders convert their tether for a new type of tether? IMO, it's not very good. We're just witnessing another Tether getting into power; what we really need is a powerful Gemini Dollar (GUSD) or Paxos Standard Token (PAX), which are truly backed by a dollar.
We only know about TUSD as much as we know about Tether; both of these just can't be trusted!
We need an institution that has an intention to audit TUSD. I'm not sure if a real dollar backed that. I can trust gemini but not for tether and TUSD.