Steemit Crypto Academy week 7: Stable coins - Part2 | @yohan2on | By @perozo23

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Thank God for allowing me to be back with this great team presenting the second part of the topic stable currencies with Professor @yohan2on I will talk about a very good coin recommended by his great work that he is doing and performance we will talk about why we should use it and when to stop and why.

Remember they are decentralized currencies that are not guarded by any external government.

What is TrueUSD (TUSD)

TUSD is a stable ERC-20 currency that works with the Ethereum network a stable decentralized currency is backed with a fiat currency the US dollar, this token is protected and verified by a third party, the objective of this stable currency TUSD is to keep the finances safe from the great volatility that present the other digital currencies can not be used to operate since it does not generate any interest for being a stable currency is always maintained in 1USD US dollar, It has no risk of volatility as for example the BTC which is very volatile, the benefits of the cryptocurrency is to stabilize the assets for a period of time short medium and long term, it has no intermediaries so it facilitates the exchanges making much faster operations at any time 24 hours a day,

TSUD is more than a stable currency, it is a safe haven for all investors who, seeing the market in decline, try to withdraw the assets of these currencies and exchange them for stable currencies without having to leave the digital network to a centralized system.


How to obtain TUSD

It can be obtained through exchange platforms, here is a list of where you can buy this currency, you can also exchange with BTC/TUSD in any platform very easily.

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table I designed to compare the exchanges



advantages and disadvantages of TUSD

Advantages

•Keep finances in a state of repose for as long as the investor determines.

•It is subject to regular audits to maintain transparency with its investors.

•It is a decentralized currency that works in the ETH network, which makes it work like any other digital currency but with stability.

disadvantages

•It cannot be used as a currency to generate income because its stable value makes it impossible.

•The popularity is very declining as for example other stable currencies.

•Despite all the warnings audits the company can disappear from one moment to another as all digital currencies in the market remember that they are not regulated by any government.



Conclusion

The best currency for me in terms of security and stability I can let my assets rest like many investors in the crypto market, but do not trust too much or leave the coins for too long, be very attentive to each audit that is performed and its results of this stable currency to each news on the networks about the assets that you invest.


Special thanks




Cc:
@steemitblog
@steemcurator01
@steemcurator02
@yohan2on


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Hi @perozo23

Thanks for attending the 7th -Crypto course on stable coins and for your effort in doing the given homework task.

Feedback
More effort was needed in your research study on TUSD

Homework task
6