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TrueUSD (TUSD) is a stablecoin, which means its value is pegged to a real-world asset like the US dollar, and it serves as a digital currency that offers a stable value compared to other volatile cryptocurrencies. The main goal of TUSD is to provide users with a reliable digital currency that maintains the stability and value of the US dollar.

TUSD operates on blockchain technology and is built on the Ethereum blockchain. The currency is backed by US dollars held in an escrow account that is managed by the TrustToken company. The backing of TUSD assets is completely transparent, which means that each time a new TUSD is issued, an equivalent amount of US dollars are placed in the escrow account.

One of the main applications of TrueUSD is to provide a stable and secure method for individuals and businesses to transfer value around the world. Because TUSD is pegged to the US dollar, it removes concerns about currency fluctuations and offers the ability to send and receive payments without worrying about the volatility that may affect other cryptocurrencies.

Another major application of TUSD is for trading and investing. As a stablecoin, TUSD offers a predictable value that can be used to hedge against fluctuations in other cryptocurrencies or traditional stocks and currencies. It can also be used to purchase other cryptocurrencies or to invest in ICOs that accept TUSD as a payment method.

In summary, TrueUSD is a stablecoin that provides a reliable and secure digital currency that maintains the stability and value of the US dollar. Its main applications include providing a stable and secure method for transferring value, as well as a predictable value that can be used for trading and investing in other cryptocurrencies and traditional assets.