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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: deus_vult on August 02, 2022, 01:20:09 AM



Title: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: deus_vult on August 02, 2022, 01:20:09 AM
It is said that TrueUSD is pegged to USD, but is TUSD value always the same as USD value? How is it any better investing in TUSD over USD?

The advantages of buying TUSD instead of USD?


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: TastyChillySauce00 on August 02, 2022, 03:17:54 AM
It is said that TrueUSD is pegged to USD, but is TUSD value always the same as USD value? How is it any better investing in TUSD over USD?

The advantages of buying TUSD instead of USD?
TUSD was a token. It's the same like USD. It's not any kind of investment method. If you wanna investing on it and it's better if you are trying to do that and pick another token in the market that didn't act as a stable token. There's no advantage buying TUSD over USD. The only thing that you can stake it to earn passive income but this is quite small. I think that you can search some articles that relesead officially by its developers.


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: vv181 on August 02, 2022, 04:07:53 AM
It is always the best idea to choose the FIAT currencies over tokenized stabled coins. If your exchange has exposure into USD, it's better to put funds on there instead of any pegged/tokenized token.



Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: CryptoBuds on August 02, 2022, 04:48:46 AM
TUSD is one of the stablecoins in the market and the capitalization is not as large as other stable coins like USDT or USDC. It like other stablecoins is pegged 1:1 to USD. Stablecoin is not the right place to invest, it is not volatile so it is not suitable for investment, if you want to invest you should look for volatile coins like bitcoin or ethereum. Stablecoins are provided by 3rd party and are pegged to USD, they are not as safe as USD. Therefore, they cannot be compared with each other.


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: MAAManda on August 02, 2022, 05:32:15 AM
[1] Is TUSD value always the same as USD value?
- Yes they will have the same value because TUSD is a stablecoin with a 1:1 peg with its original FIAT, unlike USDD, USDT and UST. For your information, to get TUSD, you need to swap real $ in this page (https://app.trusttoken.com).

[2] The advantages of buying TUSD instead of USD?
- Not all exchanges accept USD, in general they only accept tokenized FIAT or what we usually call Stablecoins, such as BUSD, USDT, TUSD, USDD and others. TUSD itself is accepted on various major exchanges such as Binance, Bittrex, KuCoin, Huobi, Bitfinex and others.

This is where the advantage of having TUSD over USD. Do you understand now?


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: Farma on August 02, 2022, 05:46:21 AM
[1] Is TUSD value always the same as USD value?
- Yes they will have the same value because TUSD is a stablecoin with a 1:1 peg with its original FIAT, unlike USDD, USDT and UST. For your information, to get TUSD, you need to swap real $ in this page (https://app.trusttoken.com).

[2] The advantages of buying TUSD instead of USD?
- Not all exchanges accept USD, in general they only accept tokenized FIAT or what we usually call Stablecoins, such as BUSD, USDT, TUSD, USDD and others. TUSD itself is accepted on various major exchanges such as Binance, Bittrex, KuCoin, Huobi, Bitfinex and others.

This is where the advantage of having TUSD over USD. Do you understand now?
Well, this is a fairly complete explanation. however, it is only a matter of placement, and also between stable coins, and fiat currencies. Stable coins like TUSD have quite a number of exchanges, and can easily be moved, because so far, quite a number of exchanges have adopted it. whereas, not all exchanges accept USD, which means, it may be more flexible. however, I also still think that it is better to choose USD if the exchange you use adopts USD. it just depends on taste. however, seeing what happened to Terra, I'm more inclined to choose fiat to keep my assets. if you want to invest long term, you should choose popular coins. but it's not a problem if you want to store assets temporarily.


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: Tessyb on August 02, 2022, 06:08:01 AM
It is said that TrueUSD is pegged to USD, but is TUSD value always the same as USD value? How is it any better investing in TUSD over USD?

The advantages of buying TUSD instead of USD?

There's no certainty when with TUSD, as it relates to being pegged with usd and as such I don't consider it advantageous. TUSD is just a token like every other tokens and has a lesser market capitalisation when compared with USDT. I'll rather invest in USDT or busd than TUSD. It's my personal decision and not an investment advice.


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: EarnOnVictor on August 02, 2022, 06:37:08 AM
It is said that TrueUSD is pegged to USD, but is TUSD value always the same as USD value? How is it any better investing in TUSD over USD?

The advantages of buying TUSD instead of USD?
Don't be deceived, such pegs are not always applicable. There are many times that the value of TUSD has been lower than $1, so you might miscalculate your plans if you solely depend on TUSD=USD always. If you want accurate investment or storage, you should go for the USD if your platform allows that.

[1] Is TUSD value always the same as USD value?
- Yes they will have the same value because TUSD is a stablecoin with a 1:1 peg with its original FIAT, unlike USDD, USDT and UST. For your information, to get TUSD
This is far from the truth, you should rather follow the reality than what they promise online about the stablecoin as the reality is the fact. It is not always the same as the USD.


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: MAAManda on August 02, 2022, 11:20:01 AM
Well, this is a fairly complete explanation. however, it is only a matter of placement, and also between stable coins, and fiat currencies. Stable coins like TUSD have quite a number of exchanges, and can easily be moved, because so far, quite a number of exchanges have adopted it. whereas, not all exchanges accept USD, which means, it may be more flexible. however, I also still think that it is better to choose USD if the exchange you use adopts USD. it just depends on taste. however, seeing what happened to Terra, I'm more inclined to choose fiat to keep my assets. if you want to invest long term, you should choose popular coins. but it's not a problem if you want to store assets temporarily.

Don't use the UST case as an excuse to be afraid of having money in stablecoins, of course UST is very different from other mainstream stablecoins, the UST stablecoin operates by an algorithmic mechanism, while BUSD and TUSD are really 1:1 with the real dollar.

This is far from the truth, you should rather follow the reality than what they promise online about the stablecoin as the reality is the fact. It is not always the same as the USD.

Don't confuse 1 stablecoin with other stablecoins, I think you need to read more about TUSD on their website (https://www.trueusd.com). If we don't know anything, we'd better be silent.


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: icalical on August 02, 2022, 12:30:06 PM
The only benefit of TUSD instead of the Fiat USD is that you can send it almost instantly and it's always easier to send TUSD rather than Fiat USD. But none of them should you consider as an Investment. TUSD price will be always approximately 1 USD, and the value of 1 USD is always declining because of inflation. So, if you want to invest on crypto, better not buy Stable con that is pegged to Fiat.


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: poodle63 on August 02, 2022, 12:31:41 PM
There's no advantage by using it. How good the stable token actually depend on its peg, once it was loosing to peg with the fiat value and it will become the end for the stable token. The fact that if the price of stable token depends on a lot of factors.

People in here are using stable tokens to avoid the volatility in the market. that's the only reason why it's exist now. As long as it's fullly backed by fiat like 1:1. Stable token = fiat money


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: passwordnow on August 02, 2022, 01:08:48 PM
It is said that TrueUSD is pegged to USD, but is TUSD value always the same as USD value? How is it any better investing in TUSD over USD?

The advantages of buying TUSD instead of USD?
If it's a stablecoin then it's pegged to USD. There's no advantage whether you use TUSD or USD, both are pegged on their equal value. Do you consider USD as an investment?
If you're going to invest in it right now, it has already moved up and I think that its time to get a little bit lower is about to come soon. So, if you treat USD as an investment, I guess it's quite late already.


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: deus_vult on August 02, 2022, 07:39:54 PM
By investment I mean investing money on TUSD during a bear run of, for example, bitcoin, then exchanging it for Bitcoin during a bull run. It's a Stablecoin, so...
This is what I use Stablecoins for. If anyone has any better alternative to use a cryptocurrency as a Stablecoin, please tell me, I'm opened to learn new things.
By the way, I don't use USDT, it's the least reliable of the 2.

PS: about the value of TUSD being less than USD. It's not because it shows less, that it is actually less. With TUSD you're seeing the value in real time, while the USD may take a while to update since it depends mostly on what the government is doing, printing money for example. TUSD on the other hand may be pegged to USD, but it's still another coin, meaning that it's gaining or losing value based on buying/selling operations, so it's not like it fully depends on the US Dollar to have its own value, it does depend, but not entirely.


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: justdimin on August 02, 2022, 08:51:31 PM
There's no advantage by using it. How good the stable token actually depend on its peg, once it was loosing to peg with the fiat value and it will become the end for the stable token. The fact that if the price of stable token depends on a lot of factors.

People in here are using stable tokens to avoid the volatility in the market. that's the only reason why it's exist now. As long as it's fullly backed by fiat like 1:1. Stable token = fiat money
There is an "advantage" because you could move money around in crypto faster by using it, but there are a lot of people using trx chain with usdt and not worry about anything else. In fact, I had a person send me 20 bucks on erc20 chain which is a weird move considering how much it costs just to send it, and yet even that was enough.

So, I have to say that it is a smart move to use another stablecoin instead of using TUSD, it's really making it a mute point to go with TUSD when the others are making sense at least as much. This isn't a big deal because you do not have to actually care about TUSD at all, but you could use stablecoins anyway.


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: X-ray on August 02, 2022, 11:36:38 PM
Pretty much the same like buying fiat money over fiat money and what was the differences? people called the different between fiat and stable token but the purpose is to bring fiat money into the crypto market and im not seeing any point to the stable token to have more advantage.
I just seeing the fact that buying both were the same as long as the stable token has a very good peg to the its reserved funds. So. there's nothing to be discussed.
Both are the same and it's not contradicted between one to the each other


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: Silberman on August 03, 2022, 12:14:56 AM
It is said that TrueUSD is pegged to USD, but is TUSD value always the same as USD value? How is it any better investing in TUSD over USD?

The advantages of buying TUSD instead of USD?
The advantage of stable coins come from the fact that in the past before those coins existed getting out of the market was way more difficult, you needed to sell your bitcoin and then send your fiat to a bank and then if you wanted to come back to this market you needed to do the opposite procedure, but this could take days and as such it was not really that efficient, stable coins solve this problem by giving you a token that is pegged to a fiat currency which you can then use to get in and out of this market in a matter of seconds.


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: fuguebtc on August 03, 2022, 12:24:55 AM
Pretty much the same like buying fiat money over fiat money and what was the differences? people called the different between fiat and stable token but the purpose is to bring fiat money into the crypto market and im not seeing any point to the stable token to have more advantage.
I just seeing the fact that buying both were the same as long as the stable token has a very good peg to the its reserved funds. So. there's nothing to be discussed.
Both are the same and it's not contradicted between one to the each other

It is possible that the value of the currency at the time you buy will remain the same, but for long-term holding or saving, the USD remains the safest currency. TUSD is just a stable coin in the crypto market and backed by USD, it wouldn't be safer to buy real USD, the currency used for the whole world. What if your assets are TUSD and they lose their peg like UST?

. TUSD price will be always approximately 1 USD, and the value of 1 USD is always declining because of inflation.
The value of the USD is at a 20-year high due to inflation, not all currencies depreciate during periods of inflation. USD holders have made a lot of profit recently.


Title: Re: Can anyone tell me the advantages of buying TUSD instead of USD?
Post by: Abiky on August 03, 2022, 01:16:10 AM
It is said that TrueUSD is pegged to USD, but is TUSD value always the same as USD value? How is it any better investing in TUSD over USD?

The advantages of buying TUSD instead of USD?

TrueUSD is the same as any other collaterized stablecoin. It's pegged to the US Dollar, bringing you the convenience of Fiat money without ever touching banks. The stablecoin is a great tool for day trading when you want to get the most out of the crypto market without going through all of the hassles of cashing out to Fiat. While it does come with its benefits, TUSD cannot be trusted for storing your money in the long term because it's not backed nor regulated by the government. Just like UST fell all the way down the drain (even though it was another type of stablecoin), the same can happen with TUSD, USDT, and other stablecoins on the market. There's nothing 100% guaranteed that will last a lifetime.

I'd prefer to sell crypto directly to USD just to avoid all of the risks of holding stablecoins in my wallet. Ultimately, you decide what to do with your money. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts ;D