Friday, May 7, 2021
Home Crypto News Market TrustToken StableCoin TrueUSD (TUSD) Live On TRON Network

TrustToken StableCoin TrueUSD (TUSD) Live On TRON Network

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TrueUSD (TUSD) has started using Tron blockchain for generating TUSD, because of Tron advantage of low transaction fees. Tron currently has 26.6% share in the stablecoin market.

TrueUSD, operated and owned by TrustToken, started producing TUSD stablecoin on the TRON network. Before Tron, TUSD was using Ethereum, Binance Smart Chain and Avalanche blockchains. Trust Token team was extremely concerned about high fees on Ethereum, said that Tron could fix these high costs.


Justin Sun considered Trust Token team act as “wise decision”. Two days ago Justin sun welcome TUSD to join Tron Family, And now the stable coin is live on Tron blockchain.

 

TrueUSD stable coin is pledged with US Dollar with one-to-one ratio. High transaction fees and network blockages on Ethereum have become a problem for people trying to make small and medium-sized transactions with TUSD, according to a statement by TrueUSD.

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In order to solve this problem, at one hand, the TrustToken management evaluated ETH Layer 2 technologies, on the other hand, decided to turn to alternatives such as TRON.

Stablecoins will continue to play an important role in the CRYPTOCURRENCY MARKET, said Justin Sun, founder of Tron and CEO of BitTorrent. Producing TUSD on TRON network is a wise decision.

According to CoinGecko data, TrueUSD has a market capitalization of $308 million, whereas the market value of USDT, the stable coin market leader, is $43.9 billion.

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Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown has obtained his master's degree in Stock Trading And Investing. His specialty is analyzing the price actions of crypto and stock markets. Albert provides a major role in TheCryptoBasic as a crypto analyst. He is also known for his work on Twinkle Magazine and TipRanks.

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