TrueUSD is a U.S. dollar stablecoin pegged to USD at 1:1. First launched to a limited investor base in January 2018, TrueUSD has since grown to incorporate almost $400 million of backed tokens as of October 2020.
TrueUSD is one of a number of cryptocurrency stablecoins administered by TrustToken, a platform for tokenizing real-world assets.
As with other stablecoins, TrueUSD aims to facilitate increased liquidity and provide cryptocurrency traders and general users with a nonvolatile asset relative to free-floating tokens such as Bitcoin (BTC).
As of October 2020, TUSD is the 38th largest cryptocurrency by market cap.
Summer and Fall 2017
December 2017
January 2018
February 2018
2018 and beyond
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We are very attracted to TrustToken and the entire ecosystem they are building. With a potential $256 trillion of assets that can be tokenized, the ‘Liquidity Premium’ that TrustToken briefly highlights will be a major driver of growth and adoption for such fractional ownership.
For the reasons listed below, Picolo Research maintains a buy rating:
• In comparison to others in the ecosystem, TrustToken is an established company with some segments of its roadmap already operational (TUSD)
• The market opportunity for creating fractional ownership of real-world assets on this scale is significant
• The core team comes from a highly technical background. We believe they have considerable bandwidth to execute on their roadmap
• The recent launch of TUSD on Bittrex is a reassuring sign that the company is focusing not only on development but also puts high importance on market engagement and penetration
We acknowledge that there are still currently gaps in the information that is to be communicated in the official whitepaper.
We are advised by the team that clarification on some of the key points will be publicly distributed in the short term along with further details regarding the public sale. In light of the preceding, we believe that TrustToken (TRU) is a long-term buy for those seeking exposure to an innovative protocol that could one day be used at scale.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.