TrueUSD: A USD-Backed Stablecoin You Can Trust

Posted by bpierre on Wednesday January 24, 2018 @02:05PM
from the blog.trusttoken.com dept.

https://blog.trusttoken.com/trueusd-a-usd-backed-stablecoin-you-can-trust-9688796cfd0d

( 4 comments | 9 points | on HN )

Re:TrueUSD: A USD-Backed Stablecoin You Can Trust by norswap on Wednesday January 24, 2018 @03:10PM (#16225858)

So you exchange a dollar for a coin worth a dollar. Great. What is the point? The crypto ledger? Does that really buy you something? Is there something else I'm missing?

[ Parent | on HN ]

Re:TrueUSD: A USD-Backed Stablecoin You Can Trust by UncleEntity on Wednesday January 24, 2018 @03:13PM (#16225888)

If the coins are 100% backed then how do miners make money or the auditors get paid?

[ Parent | on HN ]

Re:TrueUSD: A USD-Backed Stablecoin You Can Trust by wmf on Wednesday January 24, 2018 @03:19PM (#16225944)

"The current fees are:

To deposit and withdraw TrueUSD for USD: the larger of 10 basis points or $75

7 basis points on transactions of TrueUSD between Ethereum wallets"

[ Parent | on HN ]

Re:TrueUSD: A USD-Backed Stablecoin You Can Trust by tuberry on Wednesday January 24, 2018 @03:14PM (#16225895)

This is a great idea, especially in light of the stripe/bitcoin viability issue. Crypto currencies should be valued based on their ability to facilitate quick secure transactions, not increase in relative value as a precarious investment vehicle.

[ Parent | on HN ]