Cryptocurrency Q&A
What Blockchain is TUSD on?
What Blockchain is TUSD on?
GangnamGlitz
Fri Nov 01 2024
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5 answers
1125
I would like to know which blockchain network the digital asset TUSD is operating on. I need this information to understand how TUSD functions and interacts within the crypto ecosystem.
5 answers
Tommaso
Sun Nov 03 2024
TrueUSD is a stablecoin that operates on the Ethereum blockchain.
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KimchiQueenCharm
Sat Nov 02 2024
Its primary objective is to maintain a stable value equivalent to US$1.00.
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Alessandra
Sat Nov 02 2024
The supply of TrueUSD tokens is backed by US dollars that are held in escrow accounts by financial institutions.
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Claudio
Sat Nov 02 2024
This collateralization mechanism ensures that each TrueUSD token is redeemable for one US dollar.
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CryptoNinja
Sat Nov 02 2024
Users can purchase TrueUSD tokens and redeem them for US dollars on the TrustToken platform.
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