Second stage of avoiding the gold standard
cryptocurrency·@cryptoreviewer·
0.000 HBDSecond stage of avoiding the gold standard
Hello! Today my article will be more similar to the announcement, because of the brevity and understatement. The theme was the "appearance" in the world of new currency replacement for the notorious USDT (Tehter) - TrueUSD (TUSD) This crypto currency was created as part of the TrustToken project and is correlated with the US dollar exchange rate (1: 1). Official site of the new crypto currency: https://www.trueusd.com The new Crypto currency almost simultaneously passed listing on two exchanges: Bittrex and _____, and on Bittrex is traded in a pair of TUSD / BTC in parallel with USDT. What could be interesting about the new crypto currency? 1. This is a declared stable cost. Everyone knows how volatile the course of conventional crypto currency is hindering its use in payments. On the assurances of the creators of TUSD, users who have passed the necessary KYC / AML-procedures, can at any time exchange TUSD for dollars. At the same time, all holders of these tokens have full legal protection. 2. Nothing else. The partner list includes diverse organizations, the attitude of some of them to the world of crypto currency is questionable.  According to reports, the TrustToken project was founded by a team, whose members have experience at Stanford University, the University of California at Berkeley, Palantir and Google. The project is supported by Stanford-StartX, Founders Fund Angel, FJ Labs and BlockTower Capital. The company has developed a legal framework for secured crypto currency in cooperation with Cooley, WilmerHale and Arnold & Porter It should also be noted that, according to representatives of TrustToken, bank accounts with the corresponding dollar reserves will be subject to regular audit. Personally, it is still difficult for me to understand what such a "tokenized US dollar" is better than the usual US dollar in trading on the exchange. Perhaps, before us, a phenomenon that can be called the "second stage of avoiding the gold standard" - when US dollars that do not have security in the form of material values (gold), derivatives are tokenized rights. To complete this essay on an optimistic note, I would like to note that the first audit of accounts was already conducted, on March 1 by Cohen & Co, which informed that TrueCoin account is $ 4,777,750. This corresponds approximately to the volume of issued tokens (about 4,761,925 TUSD tokens) SY Cryptoreviewer