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!
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!
It's not an issue if it's actually backed up by true dollar reserves, and I'd rather anything replace tether right now, I guess it's a devil we know or not situation. I don't think we really need so many choices in stable coins, I like the look of the one the Winklevoss twins have introduced, mostly because you can be sure that they have the money themselves to back it.