TrueUSD

by Trust Token

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USDQ

by Platinum Securities LTD

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bitCNY

by BitShares

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TrueUSD

by Trust Token

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USDQ

by Platinum Securities LTD

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bitCNY

by BitShares

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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.USDQ is a stablecoin designed to facilitate investing in blockchain projects.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

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.

USDQ is a stablecoin that is pegged to the US Dollar and is collateralized with Bitcoin. USDQ was issued by a company called Platinum Securities that offers STO and market making services.

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.

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