Bitcoin Forum

Tether (USDT) is an unusual crypto currency created by Tether Limited in early 2015, the main purpose of which is the creation of an opportunity to bypass various barriers when converting real money into a digital currency. This is the so-called stable-coin, which is tied to the rate of a fiat (regular) currency and is characterized by the least volatility, which is why it is a very profitable tool for entering and withdrawing funds.

In the crypto community at the expense of this crypto currency, there are many not very positive sentiments that are a fair response to the actions (inaction) of Tether Limited:
-Break of relations with the auditor.
-It seems the endlessly repeated emission of tokens.
-Theft of almost $ 31,000,000
-Numerous charges.

Probably, TrustUSD (TUSD) was created on this basis.
http://hyipstat.top/blog/2/2815/1520331441.png
The main differences between TrustUSD (TUSD) and Tether (USDT)
TrustUSD (TUSD) is 100% provided with US dollars. TrueUSD offers token holders the full provision of each token with US dollars.
Regular attestation. The first independent appraisal has already been published.
In fact, it is a tokenized US dollar. If you keep TrueUSD tokens, pass a KYC / AML check and comply with the terms of use, you have a legally enforceable right to exchange TUSD tokens for real USD and vice versa.

Right now, TrustUSD is traded only on the Bittrex exchange in a pair of BTC / TUSD.
In less than 12 hours of presence on the stock exchange, the trading volume of TUSD / BTC has already reached 376 BTC, which is more than $ 4,000,000.

So which company is TrustUSD launched?
Is it the other replacement of USD by Tether? ???

I think TUSD could be an alternative to TETHER, given the negative news.

Tether (USDT) and TrustUSD is the best to sent money without lose value! This is a great but need more work to bring it for all  member!

Tether was no longer trusted by users. I hope TrustUSD take place of Tether ASAP.

Attestation of TrueUSD Funds — Examined July 31st, 2018

Cohen & Company has published their latest independent attestation of the bank accounts holding the collateral for TrueUSD.

https://drive.google.com/file/d/1LL2ybvBk_uA60DdR_KjFkry6ON_VruAD/view?usp=sharing

The TrueUSD funds were examined on July 31st, 2018 and contained a balance of $60,932,767.02

https://blog.trusttoken.com/july31st-600b3ae55c0a
https://cdn-images-1.medium.com/max/1600/1*i3ILzYZOEZyOFmDZNSP9Dg.png

I don't know why creating another USD backed cryptocurrency is needed. I think tether is good enough to serve that purpose and considering USDT has a reputable platform and has a lit more pairs on exchanges, I don think I will be opened to changing to another project which ia still relatively untested I different market conditions.

I heared that this year stabil coins will be a leader in market trading and more and more people will love this kind of "crypto". Benefits is clearly: people want a stabil currency which they can trust and this type of currency can be liked by banks.

that's good friend because maybe when there is one who stands like Tether it will make monopoly.

but when there is a competitor coming (TUSD) then the monopoly will think twice to launch, because consumers will gladly move the bow.

I think TUSD is better than USDT because they has more legitimasi and auditable. TUSD is more transparency than USDT so should be this stable coin replace USDT for better ecosystem in crypto market, because i heard USDT was manipulated price of crypto in december.

When TUSD was born, I have doubts about its existence. Its birth seems to be for the benefit of some individuals or organizations. At that time people were shouting "this is the year of stable coin". I really do not trust that much. If you want the market to stabilize, it's best to have only one clear and transparent stable coin. Maybe I'm skeptical, I think it takes more time to prove the existence of TUSD is necessary

I've heard that TUSD can be created as many as you want and this can be done by one company. It's not really good. Maybe the moment comes when it just disappears.

It good that there is not a competition to cub monopoly or tether; nevertheless all this are still centralized and controlled by a company;  I won't want to save my funds in any or them for long

At first glance, TUSD looks more trustable than USDT, but I think we need more options for stable currencies.

Nice. By introduction of Tether (USDT) and TUSD, we have easily flexibility and control over our trade and stabilize our loss and gain.

TrueUSD is a stable dollar supported by USD. TrueUSD offers credit card full collateral, regular audits and legal protection in exchange for TrueUSD for USD. It is the right choice for financial services organizations or traders or  or the delivery Other translations

Tether though with a lot of conspiracy and accusation achieved what many promising coins couldn't. Viewing the success of Tether, there are many other fiat fixed currency being issued. But the first challenge for them is to being accepted in multiple platforms like USDT, Many exchanges are already using Tether and it would be complicated to add more than one Dollar fixed crypto and would also create more confusion to the users.

i don't see any difference between Tether and TUSD to be honest. they are both centralized altcoins that promise to be backed by real dollars and the difference is that TUSD is new so they may still be backed by real USD while Tether is old and in the beginning it was the same as TUSD.
not to mention that TUSD  is based in US and is focused in Bittrex and i don't trust either of them.

if you ask me, they are both equally bad and at the same time convenient to use at times for certain use cases while trading. however the KYC of TUSD may also be considered one of the biggest flaws in it.

This is a good development, if it will help to scale through the several problems encountered with USDT. It is alsodo good to see it start on a good note with good volume as well as on one of the trusted exchanges.

Tether still has not been audited properly. TrueUSD has been audited properly. All values on ERC20 is easily witness using a service like EtherScan.

Now that Gemini USD is out (GUSD), this is the end for Tether.

With so many audited stable coins available now, Tether needs to show their books otherwise it is buh-bye.

It is true that what has been said in this forum is because Tether has made a problem with the value they hold.
When TUSD comes, this will be a good competition to defeat Tether.

This is another stable coin in replace to tether , I think the pairing to btc and other coin will be a kind of safe side for converting to fiat when dip mode and is a stable coin that will prevent traders from loosing their value in dollar when that market crash.

Circle USD (USDC)
TrueUSD (TUSD, TrUSD)
Gemini Dollar

Anything is better than Tether when you have audited financials versus shady Tether.