Cryptocurrency Q&A Who issues True USD?

Who issues True USD?

SakuraBlooming SakuraBlooming Sat Jun 29 2024 | 7 answers 1554
Inquiring minds often wonder about the origin of various financial instruments, and True USD is no exception. So, let's delve into the question: Who issues True USD? To understand the answer, we must first recognize that True USD, often referred to as TUSD, is a cryptocurrency token designed to maintain a 1:1 peg with the United States Dollar. This stability is achieved through a collateralized system where True USD tokens are issued in exchange for U.S. Dollars held in reserve by a trusted custodian. Therefore, the issuer of True USD is typically the custodian who holds and manages the underlying U.S. Dollar reserves. So, in essence, True USD is issued by a trusted entity that ensures the peg to the U.S. Dollar remains intact. Who issues True USD?

7 answers

Paolo Paolo Mon Jul 01 2024
Know Your Customer (KYC):

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EchoPulse EchoPulse Mon Jul 01 2024
Regulatory Compliance:

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CharmedSun CharmedSun Mon Jul 01 2024
Compliance Standards:

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GangnamGlitzGlamour GangnamGlitzGlamour Sun Jun 30 2024
BTCC's Commitment:

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Lorenzo Lorenzo Sun Jun 30 2024
Legal Legitimacy:

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