The slogan of the stablecoin TrueUSD is: Trusted, Transparency, Real-Time Attested. Let’s take a closer look and analyze how stablecoins can really minimize the impact of volatile crypto prices. We also specifically question the transparency of TrueUSD and review current stablecoin-linked crypto presales.
- TrueUSD: 308,771 token holder addresses
- TUSD can be staked on Ethereum, Tron and BSC
- TCNH is the Chinese Yuan stablecoin
- Many crypto presales are tied to stablecoins
What is TrueUSD?
As a stablecoin, TrueUSD is pegged to the USD exchange rate and provides investor protection by requiring the token issuer to hold the sum of USD deposits in its reserves. TrueUSD is published by the TrustToken platform, which has already launched other stablecoins like TrueGBP and TrueCHF. The main task of the ERC-20 token is to hedge and minimize investor risk.
Compared to other stablecoins, TrueUSD is said to have more transparency than its competitors. The supply of TUSD is secured with banks in escrow accounts in the form of US dollars. Customers could access these foreign exchange reserves in the event of the company’s insolvency, provided that all rules are followed. As the recent fall of FTX demonstrated, simply trusting the issuer’s claims isn’t worth much on its own.
How is transparency guaranteed with TrueUSD?
With stablecoins, the concept of transparency is not only about disclosure of foreign exchange reserves, but also about security for investors. In essence, this is TrueUSD claiming that it acts in a particularly transparent and secure manner in the interests of investors. It’s been proven to met the merger of TrustToken and Registered Trustees and Banks.
TrustToken itself does not have access to the deposits, so the company cannot misuse them. This measure should also do that Building investor confidence in the stablecoin. The insoles are checked during regular checks and the result is published on the blog of the company armanino. It is also possible to download the full report in PDF format.
The armanino company and the Trust Explorer are available to any interested user with real-time data on deposits.
Stablecoins were more popular than ever in 2022
According to data from Coin Metrics, more than $7 trillion was transferred to blockchains in stablecoins in 2022. By the end of the year, it is expected to be around $8 trillion. It is becoming increasingly clear that stablecoins like TrustUSD have become essential players in the market. Their total transaction count is now approaching that of the Visa network, which processes around $12 trillion a year. Despite the decline of the crypto market, stablecoins continue to dominate trading on the biggest exchanges.
The use of stablecoins is also increasing due to recent events surrounding the downed FTX exchange. Market leaders like Binance and Crypto.com have joined forces to regain investor confidence. Many crypto presales also use itIt is a stablecoin to back up their utility tokens.
According to CoinGecko, stablecoins currently make up around 16.5% of the market by market capitalization. According to the platform, the value of all stablecoins should be around $140 billion. The market is currently dominated by USDT, the stablecoin Tether pegged to the US dollar. The total supply is currently 66.3 billion USDT. Circle USDC stablecoin follows in second place with 44.3 billion USDC.
Crypto Pre-Sale Bet on USDT
#1 Fight Out
Move-2-Earn is the new concept for the fitness industry, where users not only get any digital fitness app, but the full access to fitness metaverse. The sports industry is facing great upheavals, fewer and fewer people want to train alone in a closed room. FightOut is driven by the personal avatar like NFTwhich receives rewards and rewards in the form of new coins for each sports reward of the user.
FightOut revolutionizes the fitness industry, users get exclusive video sessions with known and experienced coaches, book private lessons or learn all about fitness boxing. The platform was founded by experienced businessmen, well-known boxing athletes and financial experts and provides easy entry into the virtual world of the Metaverse. Fightout’s utility token is pegged to the USDT stablecoin.
FightOut is available for pre-sale: buy $FGHT now!
Cryptocurrencies are difficult to control, their rates can easily lose 10% of their value in a single day. Even with daily new releases of over 10,000 coins, there is a lot to consider in order to know which crypto pre-sales are really good for what. Dash2Trade brings Trading signals for the crypto market giving beginners and professionals valuable on-chain data, insights, analysis and technical indicators to spot key buy and sell signals.
Dash2Trade will list its $D2T utility token on the first exchange in January 2023, making it publicly tradable. So far this is only possible via presales, but this rewarded with lower rates. This crypto presale is also tied to the USDT stablecoin.
Try your luck on the $D2T presales and enter now!
The P2E Calvaria game is aimed at strategists and players who like to play with decks and NFT. In the Battle of the Underworld, various avatars, based on Spanish mythology, engaged in the battle of good against evil. Additional features are unlocked for players via NFT. However, NFT can also be traded on marketplaces, which can provide passive income.
With Calvaria, beginners in particular learn how to get started in crypto trading and the customs of the crypto market. The developers developed the game especially for this target group to learn the steps of crypto trading in a few simple steps with exciting gameplay. the Rewards in the form of new coins from the D2T house currency also offer an interesting approach. $RIA is also linked to a stablecoin, namely Tether USD, USDT.
Play the exciting NFT card game and get great rewards!
Conclusion: Stablecoin makes a valuable contribution in volatile cryptocurrency markets and provides more security, stability and trust. Cryptocurrency adoption is increasing with the growing use of stablecoins like USDT, also used by major crypto presales.
At present, the FightOut, Dash2Trade and Calvaria pre-sales interesting for investors, as these are linked to the stablecoin USDT and thus offer more security, transparency and stability. Dash2Trade is also set to pass IEO on an exchange, making this the last opportunity to buy the utility token $D2T at a particularly low price.
The investment is speculative. When you invest, your capital is at risk. This website is not intended for use in any jurisdiction where the trade or investment described is prohibited and should only be used by persons and as permitted by law. Your investment may not be eligible for investor protection in your country or country of residence. So do your own due diligence. This website is provided to you free of charge, but we may receive commissions from the businesses we feature on this website.