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HomeCrypto NewsMarketTrustToken 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 is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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