• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, January 28, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

TUSD Receives Endorsement from Data Analysis Firm CryptoQuant

August 13, 2022
in Crypto News
Reading Time: 3 mins read
A A
ShareShareShareShareShare

Related articles

Meta Masters Guild Raises Over $1.5 Million During Presale with Just Days Left Before 23% Price Rise

January 28, 2023

Biden Administration announces roadmap for reducing crypto risks

January 28, 2023

Singapore, Singapore, 13th August, 2022, Chainwire

TUSD has been endorsed by CryptoQuant, a data analysis firm for cryptocurrencies, ranking in the top eight in the stablecoin efficacy report published July 21.

The efficacy report offered an in-depth analysis of eight significant stablecoins in the market (USDT, USDC, BUSD, DAI, FRAX, TUSD, USDP, and GUSD) from four dimensions: peg robustness, price premium, velocity, and accessibility.

In terms of peg robustness, TUSD ranks among the top stablecoins. This dimension shows how reliable a stablecoin is during an increase in supply, which occurs when users are redeeming their stablecoins. This is known as a redemption run or better known as a “bank-run.” 

Robustness is crucial for financial products as it represents stability. Stablecoins with high peg robustness allow users to redeem their assets securely, without fear of a price shock.

Measuring a stablecoin’s peg requires two metrics: price deviation and redeemed supply flow. Stablecoins with lower price deviation and higher redeemed supply, have a higher chance of maintaining their stability. Results show that TUSD has one of the lowest levels of price deviation, marking higher peg robustness scores.

TUSD’s high robustness score is well-deserved. Available sources reveal that it is one of the most transparent stablecoins, fully collateralized by U.S. dollars and attested live on-chain. Also, TUSD is audited in real-time by Armanino, a leading U.S.-based accounting firm, to ensure a 100% collateral ratio.

(Different stablecoins’ peg robustness scores)

The price premium is used to analyze the historical prices of stablecoins to identify if a token has traded at a premium or a discount. The report indicates that TUSD ranks somewhere in the middle. A price premium allows stablecoin holders to profit from selling at a premium in the short term, as opposed to losses from trading at a discount.

Velocity and accessibility are the other two dimensions examined in the report. TUSD scores low in velocity and medium in accessibility. Moreover, the report also points out that stablecoins’ availability on public chains is equally important to their accessibility on exchanges. While many stablecoins operate on Ethereum, TUSD is one of the major stablecoins on TRON, while BUSD runs on BNB Chain.

(TUSD’s scores in the four dimensions)

TUSD ranking in the top eight for stablecoins, as shown in the TUSD blog article and CryptoQuant efficacy report mentioned earlier, reveals its all-around effectiveness in the four dimensions. The report expects TUSD to see further growth in the coming months.

About TUSD

TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi, and is live on 11 mainstream public chains including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. 

Website | Twitter | Twitter(Truly) | Medium | Discord | Telegram | Telegram(Truly)

Contacts
  • Annabel Gan
  • pr@trueusd.com


Credit: Source link

ShareTweetSendPinShare
Previous Post

Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe

Next Post

Uniglo the Most Talked Crypto by Cardano & Fantom Whales

Related Posts

Meta Masters Guild Raises Over $1.5 Million During Presale with Just Days Left Before 23% Price Rise

January 28, 2023

Meta Masters Guild’s decentralized gaming ecosystem has raised more than $1.5 million in its ongoing presale. Aiming to be the...

Biden Administration announces roadmap for reducing crypto risks

January 28, 2023

Following a year in which the crypto sector experienced some of the worst upheavals in its short history, the White...

IOTA enters next phase of European Commission’s Blockchain Pre-Commercial Procurement

January 28, 2023

The IOTA Foundation successfully completed the testing of Phase 2A of the EU blockchain Pre-Commercial Procurement. In Phase 2B, IOTA...

Break Or Make Movement For Crypto Market

January 28, 2023

Despite the recent negative impact by the macroeconomic environment and bankruptcies, the cryptocurrencies have managed to rise since the start...

Azuki’s Official Twitter Account Hacked, Over $750,000 Drained

January 28, 2023

NFT collection Azuki’s official Twitter account was compromised on Friday afternoon, according to an update released by the Azuki team. ...

Load More
Next Post

Uniglo the Most Talked Crypto by Cardano & Fantom Whales

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability – Economics Bitcoin News

December 30, 2022

Hackers Hijack RobinHood Twitter To Push Scam Crypto Coin

January 26, 2023

Blockstream Raises $125 Million For Bitcoin Mining – Bitcoin Magazine

January 24, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • L’Dezen Shines With NFT Fashion Accessories
  • Meta Masters Guild Raises Over $1.5 Million During Presale with Just Days Left Before 23% Price Rise
  • How crypto turned Portugal into a promised land for entrepreneurs

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,016.00-0.69%
  • ethereumEthereum(ETH)$1,577.98-1.07%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.10%
  • usd-coinUSD Coin(USDC)$1.00-0.11%
  • binancecoinBNB(BNB)$306.71-0.18%
  • rippleXRP(XRP)$0.4106850.04%
  • binance-usdBinance USD(BUSD)$1.00-0.05%
  • cardanoCardano(ADA)$0.3856310.58%
  • dogecoinDogecoin(DOGE)$0.0886702.09%
  • matic-networkPolygon(MATIC)$1.15-1.59%
  • okbOKB(OKB)$39.237.64%
  • solanaSolana(SOL)$24.10-0.90%
  • staked-etherLido Staked Ether(STETH)$1,575.96-0.97%
  • polkadotPolkadot(DOT)$6.44-0.45%
  • shiba-inuShiba Inu(SHIB)$0.0000121.62%
  • avalanche-2Avalanche(AVAX)$20.7911.29%
  • litecoinLitecoin(LTC)$88.14-0.14%
  • tronTRON(TRX)$0.0634690.81%
  • daiDai(DAI)$1.00-0.27%
  • uniswapUniswap(UNI)$6.66-1.33%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,998.00-0.43%
  • cosmosCosmos Hub(ATOM)$13.321.12%
  • ToncoinToncoin(TON)$2.532.14%
  • chainlinkChainlink(LINK)$7.24-1.01%
  • leo-tokenLEO Token(LEO)$3.79-1.22%
  • moneroMonero(XMR)$182.763.59%
  • ethereum-classicEthereum Classic(ETC)$21.78-0.63%
  • AptosAptos(APT)$18.05-0.73%
  • bitcoin-cashBitcoin Cash(BCH)$132.76-2.26%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.092664-0.02%
  • apecoinApeCoin(APE)$6.08-2.58%
  • quant-networkQuant(QNT)$148.77-2.36%
  • nearNEAR Protocol(NEAR)$2.47-1.56%
  • crypto-com-chainCronos(CRO)$0.081046-0.15%
  • filecoinFilecoin(FIL)$5.28-1.77%
  • lido-daoLido DAO(LDO)$2.26-5.52%
  • algorandAlgorand(ALGO)$0.2557120.94%
  • vechainVeChain(VET)$0.024006-1.82%
  • hedera-hashgraphHedera(HBAR)$0.067755-2.57%
  • internet-computerInternet Computer(ICP)$5.93-2.46%
  • axie-infinityAxie Infinity(AXS)$11.43-0.14%
  • decentralandDecentraland(MANA)$0.713.92%
  • aaveAave(AAVE)$84.30-4.49%
  • eosEOS(EOS)$1.09-2.65%
  • the-sandboxThe Sandbox(SAND)$0.740.12%
  • fantomFantom(FTM)$0.446826-6.86%
  • elrond-erd-2MultiversX(EGLD)$44.49-0.35%
  • flowFlow(FLOW)$1.06-2.83%