TrueUSD: TUSD Now Supported On PSM

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 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:

USDD
USDT
USDC
TUSD

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.

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.

Jino Tokieda

Meet Jino Tokieda, a skateboarder for over two decades and a proud father of two. Jino is a unique individual, as he is a Japanese Filipino, and brings a unique perspective to his writing. With over 21 years of experience in the skateboarding world, Jino has a wealth of knowledge and experience to share with others. In addition to his skateboarding career, Jino has also worked as an account executive for a global photography company, giving him a diverse background and a unique perspective on the world. Since 2020, Jino has been writing articles for Tron Spark and has been involved with the TRON crypto community for a few years. With his vast knowledge and experience, Jino is sure to provide valuable insights and information to his readers.