TrueUSD enters the top fifty (by market-cap)

[Raja_MBZ]

TrueUSD, till 1 month back, wasn't even in the top hundred. On a daily basis, it's getting printed and gaining more & more marketcap:



IMO, it's not very good. We're just witnessing another Tether getting into power; what we really need is a powerful Gemini Dollar (GUSD) or Paxos Standard Token (PAX), which are truly backed by a dollar.

We only know about TUSD as much as we know about Tether; both of these just can't be trusted!

[AlanMilano]

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.

[i7claufe]

We need a stable cryptocurrency, if USDT will not be there for us, then some crypto token must be!

[makishart]

TrueUSD, till 1 month back, wasn't even in the top hundred. On a daily basis, it's getting printed and gaining more & more marketcap:



IMO, it's not very good. We're just witnessing another Tether getting into power; what we really need is a powerful Gemini Dollar (GUSD) or Paxos Standard Token (PAX), which are truly backed by a dollar.

We only know about TUSD as much as we know about Tether; both of these just can't be trusted!

Okay, another kind of tether has come. So, why must tether holders convert their tether for a new type of tether?
We need an institution that has an intention to audit TUSD. I'm not sure if a real dollar backed that. I can trust gemini but not for tether and TUSD.

[diouf67]

TrueUSD, till 1 month back, wasn't even in the top hundred. On a daily basis, it's getting printed and gaining more & more marketcap:



IMO, it's not very good. We're just witnessing another Tether getting into power; what we really need is a powerful Gemini Dollar (GUSD) or Paxos Standard Token (PAX), which are truly backed by a dollar.

We only know about TUSD as much as we know about Tether; both of these just can't be trusted!

It's not an issue if it's actually backed up by true dollar reserves, and I'd rather anything replace tether right now, I guess it's a devil we know or not situation. I don't think we really need so many choices in stable coins, I like the look of the one the Winklevoss twins have introduced, mostly because you can be sure that they have the money themselves to back it.

[Raja_MBZ]

what we really need is a powerful Gemini Dollar (GUSD) or Paxos Standard Token (PAX), which are truly backed by a dollar.

Plus USDC!

A very big announcement for USDC just got published at Coinbase's blog:

Coinbase and Circle announce the launch of USDC — a Digital Dollar

https://blog.coinbase.com/coinbase-and-circle-announce-the-launch-of-usdc-a-digital-dollar-2cd6548d237

[Allxblx]

The fact that Tether is finally recognized as a scam will be a great event!) It would be just great if people started withdrawing money from it and transferring it to Bitcoin! This could be a turning point for the entire market!
TUSD has so far been studied poorly, apparently, and here it is necessary to study the topic more deeply ...

[Harriti]

As I remember few days ago something happened on Binance exchange and it affected really good to TUSD that why TUSD can have high rank like at the moment. Although TUSD created much after USDT but seem like it's a really good cryptocurrency . Beside, there are so many guys said that USDT is a scam one so maybe they're trying to use TUSD to see if it's really good or just the same with USDT. LOL.

[BITSPANISH]

Wow, seem like TUSD is really seriously trying to defeat USDT and become the best digital USD in this market . But it's not easy, I think, TUSD is just a new cryptocurrency while USDT created long time ago and also survive in this world for much longer time than TUSD. Let's see what TUSD can do.

[mummybtc]

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

[smoolae]

I find it awesome when Tether gets competition but the new competitors don't mean anything until proven to be backed by real-world valuables.

Before I trust any of them I really wanna see solid proof.

[Bharathi13]

It will be too early to say TUSD as next tether, I checked their medium post Attestation of TrueUSD Funds — Examined October 16th, 2018 by TrustToken Team https://link.medium.com/UypcDCK5fR. There is audit report by  Cohen and Company firm detaling their total fund reserved is attached. Since last six months there has been huge rise in stable coins like TUSD, USDC, PAXOS, GUSD, HUSD and obviously they will get advantage over TETHER due to its controversial separation with bank and auditors.

[himanshu93]

TrueUSD, till 1 month back, wasn't even in the top hundred. On a daily basis, it's getting printed and gaining more & more marketcap:

https://i.imgur.com/l70ARXl.png

IMO, it's not very good. We're just witnessing another Tether getting into power; what we really need is a powerful Gemini Dollar (GUSD) or Paxos Standard Token (PAX), which are truly backed by a dollar.

We only know about TUSD as much as we know about Tether; both of these just can't be trusted!

Okay, another kind of tether has come. So, why must tether holders convert their tether for a new type of tether?
We need an institution that has an intention to audit TUSD. I'm not sure if a real dollar backed that. I can trust gemini but not for tether and TUSD.

you are absolutely right sir.

[pageraji]

i dont really like another stable coin like tether, no much fun for holding it..it just for safing in dip market and withdrawal easy fiat exchange....

[Bittalk12]

I never thought TUSD was just like tether since I heard that TUSD was audited and backed by 1:1 ratio in dollar. GUSD on the other hand surely is to be trusted because of positive feedback from its users and was audited by a real institution. The twin brother have a strong reputation in in this industry so I am pretty sure that GUSD will get ahead of TUSD and USDT. Got to do my own research with PAX before leaving a comment with this altcoin.

[auliahr]

what we really need is a powerful Gemini Dollar (GUSD) or Paxos Standard Token (PAX), which are truly backed by a dollar.

Plus USDC!

A very big announcement for USDC just got published at Coinbase's blog:

Coinbase and Circle announce the launch of USDC — a Digital Dollar

https://blog.coinbase.com/coinbase-and-circle-announce-the-launch-of-usdc-a-digital-dollar-2cd6548d237

more attractive, stable coin competition becomes more crowded, so we will have many other choices of stable coins that will be available later. but we must be more selective to get the best choice.

[jossiel]

I agree that we are just seeing another Tether on the top spot. Once it has gain more in the future I guess same thing would happen just like what Tether did.

IMO, people who are into Tether are moving to TUSD and thinking that its safe to stay there or else there's really a group or a whale who loves to get in touch with these stable coins.

[nl247]

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.

[bitmover]

Usdc , from Goldman's Sachs...
And DAI, a decentralized stable coin

New stable coins coming around. It's good to have alternatives, because if tether crashes, the fall of the cryptocurrency market will not be so big if other stable coins are ok(and largely used)

[GregH37]

As I remember few days ago something happened on Binance exchange and it affected really good to TUSD that why TUSD can have high rank like at the moment. Although TUSD created much after USDT but seem like it's a really good cryptocurrency . Beside, there are so many guys said that USDT is a scam one so maybe they're trying to use TUSD to see if it's really good or just the same with USDT. LOL.

Just as you have said, USDT is a huge scam, a stable coin that has just been printed with no audit or transparency and the only thing we keep hearing is that it is physically backed with fiat in the bank and those are just some things we cannot see.

TUSD on the other hand is a different case, this is first of all based on a smart contract, so everything is transparent, and secondly there is an audit and this is a true definition of what I expect a stable coin to be like. USDT sucks and a lot of investors are really losing trust in it, which is why it would implode at the end, but it is a normal thing to see investors who are looking to edge, moving their funds into a more reputed stable coin.