Good Day Steemit Crypto Academy!

Today, we are discussing about Stablecoins again for the week 7 homework task posted by @yohan2on. Specifically, we'll be discussing TUSD in this article.

_{TUSD graphics from CoinGuru.}

TrueUSD or TUSD is an ERC-20 Stablecoin (ERC-20 runs on the Ethereum blockchain) that has a value that is pegged "1 is to 1" to the US Dollar. It is the first cryptocurrency token on the TrustToken platform. This stablecoin TUSD is protected under multiple escrow accounts. It is protected with escrow agreements. Also, its contents have to be published daily and should be audited monthly. Being a pegged stablecoin, it is also protected from market volatility unlike other digital cryptocurrency assets like BTC and/or ETH.

TrustToken is a platform that made collateralized stablecoins using assets in the real world. They have created multiple stablecoins other than TUSD.

_{TrustToken's truecurrencies list from their website.}

TUSD's main purpose is to link up real-world assets like fiat to blockchains. TrueUSD may be used as a store of value. This is because of its stability. Investors are able to use their real-world assets as collateral and get TUSD in return which they can use to trade securely on the blockchain - all without the other hassles of using fiat USD.

Another use of this stablecoin is the transfer of value or processing payments. It being on a blockchain has reduced cost and turnaround times compared to traditional money transfer platforms. One other aspect that makes TUSD special is it allows people to exchange fiat USD directly using an escrow account.

Collateralized stablecoins open the way to democratize investing for small-scale investors who, traditionally, would not have access to a lot of opportunities that are only offered to the rich and to big corporations.

There are different ways get TUSD. First method is by minting it. Second is by purchasing it with fiat. Third is using exchanges, either centralized or decentralized. Lastly, by using DeFi to borrow TUSD.

_{Process of minting TUSD from support.trusttoken.com.}

Minting - Users can use the TrustToken app to directly mint TUSD into an ETH address. This will have them go through KYC first and note that there are additional fees for wire transfers. This process happens by having a user send fiat to the minting address, and they will get TUSD in return to an ETH address of their choice.

_{Purchasing TUSD graphics from Abra.}

Purchasing Directly - Users can directly purchase TUSD with their debit/credit card or via ACH so they can avoid delays and hassles with wire transfers in purchasing TUSD. This may be available in platforms like Abra, Argent, Celsius, Nexo, Dharma, or Crypto.com.

_{Exchanges where TUSD is listed from Coingecko.}

Exchanges - Users can either use centralized or decentralized exchanges to trade and get TUSD. You can also check market apps like Coingecko or Coinmarketcap to see which exchange TUSD is trading on. Some of the CEXs it's on are Binance, Bittrex, OKEx, and Huobi among others. The DEXs it's on are UniSwap or SushiSwap.

_{List of cryptocurrencies you can borrow that includes TUSD from Aave.}

DeFi Options - Users can lend their cryptocurrencies as collateral on decentralized finance (DeFi) protocols to borrow and get TUSD in return.

_{Huobi Wallet supporting TUSD image from PRNewsWire.}

Storing TUSD is actually plain simple since it's an ERC-20 token on the Ethereum blockchain. Any wallet that supports ERC-20 can be used to store your TrueUSD.

Thanks for reading!

Source: Some images used were made in Photoshop or gotten from Internet Sources (check photo captions). The information listed here has been gathered from multiple/different sources, mainly from TrustToken's website and FAQs pages. Thanking and tagging Professor @yohan2on, @steemitblog, @steemcurator01, & @steemcurator02.