TrueUSD the first regulated stablecoin fully backed by the US Dollar has been added to the TRON DAO Reserve stablecoin swap tool, PSM (Peg Stability Module).
🚀#TUSD is LIVE on PSM( Peg Stability Module)
💪Swap between $TUSD and $USDD with no slippage and 0⃣ fee NOW!
🔗https://t.co/qRfJW7fMXp@trondaoreserve @usddio @defi_sunio pic.twitter.com/IPpHDECUnM
— TrueUSD (@tusdio) September 6, 2022
TUSD is the latest stablecoin to be included to the PSM after USDC which was just supported last month.
TRON DAO Reserve’s Peg Stability Module supports the following stablecoins:
TrueUSD would have a 1:1 ratio with the TRON’s algorithmic stablecoin USDD on PSM.
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.
Last April, the TRC20-TUSD was launched on the TRON blockchain and it adopts the fungible-token-friendly TRC20 standard, which is almost the same as ETHTRON and BTCTRON.
Every TUSD token would be a bridge to convert value between fiat money and digital currency.
What is Peg Stability Module?
PSM or Peg Stability Module is the stablecoin swap tool of the TRON DAO Reserve which is the entity that oversees the TRON-based stablecoins.
🤩 Congratulations to @tusdio for joining the PSM!
👏 Get ready to swap between $USDD and $TUSD at a 1:1 ratio NOW!
🤑 Zero slippage, safe and sustainable, all with the decentralized and over-collateralized #StableCoin on the crypto market!
Start here 👇 https://t.co/BHShN8cip6
— USDD (@usddio) September 6, 2022
The stablecoin swap tool allows users to swap between USDD and other stablecoins at a 1:1 ratio.
What separates PSM from other swap platforms is its stable and competitive price with zero slippage and fees. This also helps in keeping the USDD peg close to $1 U.S. dollar during times when USDD demand outstrips USDD supply.
Users would be able to use the Peg Stability Module on the TRON DAO Reserve, Sun.io, and USDD’s websites.
With TrueUSD added to the PSM, are you expecting to see more stablecoins being added to the stablecoin swap tool? Let us know in the comments section below.
For more news and updates, see Tron Spark.