TrueUSD

by Trust Token

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PAX Gold

by Paxos

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nUSD

by Havven

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TrueUSD

by Trust Token

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PAX Gold

by Paxos

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nUSD

by Havven

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What problem does this service solve?

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.PAX Gold is designed to be a digital asset that is more accessible, redeemable, and flexible.nUSD is a stablecoin designed to be used for every day transactions.

Token Stats

Company Description

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.
TrueUSD was created within a legal framework that enables users to exchange USD directly with an escrow account. The platform is powered by smart contracts that ensure a 1:1 parity between USD and TrueUSD. Escrow accounts and regulatory compliance practices enable auditing and more legal protection for token holders.
Users wire funds to these third-party escrow accounts, and an equivalent amount of TUSD is generated to their ethereum addresses. Each TUSD can be redeemed for one US Dollar, that is held in escrow.

PAX Gold is stablecoin backed by gold. Each PAX Gold token is backed by one troy ounce (t oz) of a 400 oz London Good Delivery gold bar that is stored in a physical vault. PAXG holders own the underlying physical gold that is held in custody by the Paxos Trust Company, which is a regulated financial institution. Paxos specializes in providing custody and infrastructure solutions that enable movement between physical and digital assets.

nUSD is a stablecoin that is pegged to the UD Dollar. It was created by Havven, a decentralized payment network. nUSD has a dual token mechanism that provides stability. In order to generate nUSD, users must acquire Havven Coin (HAV) and lock it in a smart contract. 80% of their HAV holdings remain in collateral, and 20% of its value is generated in the form of newly minted nUSD. This collateral staking mechanism includes an incentive mechanism that rewards users with a portion of the transaction fees that are collected when nUSD transactions occur on the network. nUSD is currently an Ethereum-based token, but will soon be transferred to EOS.

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