Using TUSD
or
Safe Harbour
For many cryptotraders the adjustment to pairs and markets is a big step. Imagine every currency in the world at your fingertips at any time, sell euros, buy renminbi, anything. Cryptomarkets are like that, you have a choice of markets, you enter a LTC (litecoin) market and receive or sell crypto with LTC. Take your LTC balance to the BTC market and sell it for BTC and buy DGB, ETH or ETC and take them to the USDT market and so on. Most exchanges offer you microwallets for every currency they support that can hold your balances for trading. There are 2,000+ altcoins today, it can be very difficult to discover where value might lie.
There are crytpocurrencies that can offer full stability, they are pegged to another value (USD). You don't want to stay in a stable cryptocurrency but it is where you want to be while you wait to make a move, a place to park trading dollars. The USD value of your account will not change except as the underlying fiat changes. TUSD is such a cryptocurrency.
Here is a link coinsutra.com
In a nutshell, it is fully collateralized, fully audited and very safe. If you hold a balance in TUSD on a crytpoexchange it will maintain a 1 to 1 equivalence to the USD. This doesn't mean the exchange is safe, it could go out of business and your money is gone. It doesn't mean you will make money, if crypto goes up and you are holding TUSD you get no gains, as BTC rises you will chock up -TUSD %s to stay at par with the USD. However, if BTC drops, you will see + increases in TUSD value to maintain parity with the USD.
It really is a better Tether, sort of like the ultimate prepaid credit card really. TUSD intends to collateralize everything starting with TruEuro, TruYen etc then moving to other stores of value. Money in motion, illiquid assets becoming very liquid. Right now TUSD is the worlds 74th largest cryptocurrrency. Of course if you are wealthy and want to dabble in crytpo then you go here genesistrading.com |
