Cryptocurrency Q&A
Who issues TUSD?
Who issues TUSD?
Bianca
Fri Jun 28 2024
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8 answers
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Inquiring minds want to know, who is the issuer behind the trusted and widely utilized stablecoin known as TUSD? With its peg to the US dollar, TUSD offers investors a sense of stability and security in the volatile world of cryptocurrencies. So, who are the entities responsible for issuing and maintaining this crucial financial instrument? We seek clarity on the identity and reputation of the issuer, as well as an understanding of their regulatory standing and compliance measures to ensure the integrity of TUSD. Uncovering the true identity of TUSD's issuer is crucial for investors to make informed decisions in this rapidly evolving market.
8 answers
NavigatorEcho
Sun Jun 30 2024
When a user decides to purchase TUSD using United States dollars (USD), they do so through the TrustToken platform.
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KimonoGlory
Sun Jun 30 2024
Upon the completion of the transaction, the underlying smart contract on the TrustToken platform springs into action.
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EchoSeeker
Sun Jun 30 2024
This smart contract, which is a self-executing program, automatically calculates the equivalent amount of TUSD based on the amount of USD provided.
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JejuJoyfulHeartSoul
Sun Jun 30 2024
Once the calculation is done, the smart contract generates and issues the equivalent amount of TUSD tokens.
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TimeRippleOcean
Sun Jun 30 2024
TrueUSD (TUSD) functions in a unique way within the cryptocurrency ecosystem.
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