TrueUSD, the first regulated stablecoin fully backed by the US Dollar launched their very own TRC20-TUSD token on the TRON blockchain this week and it aims to provide users lower transaction fees and ultra-fast transaction speeds.
Here’s what we know about the recently launched TRC20 version on TRON.
What is TRC20-TUSD?
The TRC20-TUSD token is TRON’s version of the TrueUSD on the blockchain and it adopts the fungible-token-friendly TRC20 standard, which is almost the same as ETHTRON and BTCTRON.
(1/3)📢Today, we are pleased to announce that $TUSD @tusd_official has officially launched on TRON as #TRC20–#TUSD, bringing the most transparent #stablecoin, fully collateralized and independently attested live on-chain to the #TRON Network!https://t.co/eIT78cl9jO pic.twitter.com/J0tv0Rgvqi
— Justin Sun🌞 (@justinsuntron) April 9, 2021
Every TUSD token would be a bridge to convert value between fiat money and digital currency.
Since the launch of TrueUSD on the TRON blockchain, the TRC20-TUSD token addressed most of the issues that TUSD users encounter before such as high gas fees on Ethereum and the slow-paced transaction speeds due to network congestion.
This is also one of the reasons why TrueUSD decided to go with the TRON blockchain, one of the top 3 public chains in the world and making it the official arrival of TRON-based TUSD.
What is TrueUSD?
TrueUSD (TUSD) is a USD-pegged cryptocurrency otherwise known as a stablecoin and they are the world’s most transparent stablecoin, fully collateralized, and independently attested live on-chain.
TrueUSD is the first stablecoin created on the TrustToken Platform and all TUSD users are provided with regular attestations of escrowed balances, full collateral, and legal protection against the misappropriation of the underlying USD.
That’s right, we’ll be launching on the #TRON blockchain very soon!
— TrueUSD (@tusd_official) January 5, 2021
The partnership between TrueUSD and TRON would be beneficial to both and the key advantages of the two companies such as its technology and security would provide a better experience to all of its users.
We look forward to the growth of the TRC20-TUSD on the TRON Network in the next upcoming months.
For more news and updates, see Tron Spark.