TrueUSD enters the top fifty (by market-cap)

[alan2here]

I also do not believe in TUSD, it has the same scenario as USDT, there is not much expectation for it.
Growing up too fast is not a good thing, I guess it will escape the top 50 cmc in the next few months.

This is a hypothesis, but it can happen because a lot of Stabalcoins are on the market and the competition is going to be fiercer. I think in the future we will have more options and major exchanges will have appropriate policies to match the investment to reduce inflation in this market.

[Raja_MBZ]

Maybe if you read this article, you will uunderstand better that there is a huge difference between USDT and TUSD, when it comes to trust and the two should not even be compared at all.
https://medium.com/faast/trueusd-vs-tether-which-crypto-dollar-is-worth-your-dollars-115bf30787e0

I hope you know the issue that has been going on with tether for a while now in terms of not being backed by real cash, and just being printed out of the blue, as well as the team not even being transparent enough to allow auditing. These are some of the things that TUSD has solved and for what it is worth, a lot of people looking to hedge their funds already have ended up losing trust in USDT and now have to look for a better alternative.
Based on the article;

Each TrueUSD token is backed up 1-to-1 with real US dollars. However, TrustToken does not actually hold any USD reserves themselves. Instead, they have partnered with legally registered banks and fiduciary institutions which hold the dollars in escrow — a time-tested and widely understood legal framework which has been in use for generations.

I guess that explains the difference you need.

I did read that before making this thread, but what I'm trying to focus here is the "background" of the company we're relying on. A few months back, FSS report did tell that all of USDTs are backed by a dollar, but that can't assure that it'll continue to be backed by a dollar. However, in the cases of Gemini, Circle, and Coinbase, we do know about most of the background of these companies and they're much more reliable than TUSD or USDT.

[Vit83]

I trust USDT more than most of the pack of new stable coins) USDT exist for a long time and there were no any real problems with it, just lots of rumors)

[diouf67]

I trust USDT more than most of the pack of new stable coins) USDT exist for a long time and there were no any real problems with it, just lots of rumors)

Said everyone about Enron before the financial crisis. Just because something can exist for a period of time without its troubles being unearthed doesn't mean that it has solid foundations and can be trusted completely. No one really knows if tether is safe other than tether themselves so it's up to each person to make their own value judgment.

[South Park]

Are you surprise because I am not, as long as these stable coins can print money any time and no one is auditing their accounts expect this to continue, we have alot of projects now demanding for Tether alternatives and TUSD seems to be capitalising on this golden opportunity

This seems to be more of the same but instead of having a single tether we are going to have several of them with the same characteristics and in which you cannot trust since it is impossible to know if those cryptocurrencies are actually backed by dollars or not, but as we know the most likely outcome is the one we have seen with fiat all the time and that none of those coins are backed by all the dollars their developers claim.

[jeda2000]

The recent events in Tether shook the trust considerably and the money was seen to flow to the other crypto coins, which were allegedly stable. But I don't have too much confidence in crypto coins that are said to be stable, and I think it should be very careful.

[Vit83]

I trust USDT more than most of the pack of new stable coins) USDT exist for a long time and there were no any real problems with it, just lots of rumors)

Said everyone about Enron before the financial crisis. Just because something can exist for a period of time without its troubles being unearthed doesn't mean that it has solid foundations and can be trusted completely. No one really knows if tether is safe other than tether themselves so it's up to each person to make their own value judgment.

What stable coins now do you think is good and really stable? Most of them just on one exchange and you can't send them to another.

[COPARTT23]

Stablecoin is the basis for the market, and its quantity should be proportional to the growth in demand, if this is not observed, they cannot be stable, which is their main task. USDT is a monopolist in its industry and occupies 98% of the market

[ukloon]

The more stablecoins we have the better, having just tether led to widespread manipulation so having a choice of TUSD, geminiUSD, and the up and coming variation from coinbase and circle will help to stabilise the markets

[CP_Processor]

Dear community, here is the first in the series of stablecoin reviews performed of the TrueUSD (#TUSD).

The goal is to further raise awareness on stablecoins, and help people understand how they work and what is their overall potential.

Hope you will find them useful!

https://medium.com/cp-processor/stable-coin-review-trust-token-tusd-60bc0a3178f2