TrueUSD, part of the TrustToken asset tokenization platform, is an ERC20 stablecoin cryptocurrency backed by US Dollars. It is fully collateralized, legally protected, and transparently verified by third-party attestations. Each 1 TUSD is redeemable for 1 U.S. dollar.
TrueUSD has been created with a few use cases in mind including simple financial services, trading, and online commerce. Although a very diverse infrastructure can be built around the TUSD token and other upcoming TrueCoins, the potentially strongest use case is as a replacement or alternative to USD on cryptocurrency exchanges.
TrueUSD is also the first asset token built on the TrustToken platform-which is a platform to create asset-backed tokens that you can easily buy and sell around the world. For example, gold to gold tokens or dollar to dollar tokens can be made via the TrustToken platform.