HUSD Token vs TrueUSD vs bitCNY
What problem does this service solve?
HUSD is a stablecoin that attempts to provide greater transparency with more regular auditing and attestations of their US Dollar reserves. | TrueUSD is a stablecoin that can be redeemed 1-for-1 for US Dollars. It is a legally-enforceable certificate of ownership of the US dollar and enables users to hedge against volatility. | bitCNY is intended to serve as financial tool that will help stabilize the price of BTS relative to the Chinese Yuan. |
Token Stats
Company Description
HUSD token is a stablecoin that was created by a Hong Kong based company called Stable Universal. HUSD is backed by US Dollars in a 1:1 ratio that are held in a trust company. The HUSD stablecoin is designed to have a governance structure that will increase security, liquidity, and transparency. Monthly audits of HUSD's reserves are conducted by an independent accounting firm to ensure that the 1:1 backing is maintained. | TrueUSD is a stablecoin backed by USD. It was created by TrustToken, a company that specializes in creating asset-backed tokens on the Ethereum blockchain. TrueUSD is fully collateralized and is transparently verified by third-party attestations. | bitCNY is a decentralized stablecoin that is pegged to the Chinese Yuan. It is based on the BitShares blockchain and has a Delegated Proof-of-Stake (dPoS) consensus mechanism. As a market pegged asset, the bitCNY token represents the amount of BitShares (BTS) that are equivalent to one Chinese Yuan. |