TUSD Receives Endorsement from Data Analysis Firm CryptoQuant

Singapore, Singapore, 13 Aug 2022, Chainwire

TUSD Approved by CryptoQuanta cryptocurrency data analytics company, ranked among the top eight in the Stablecoin Effectiveness Report published on July 21st.

of Effectiveness report An in-depth analysis of eight important stablecoins in the market (USDT, USDC, BUSD, DAI, FRAX, TUSD, USDP, and GUSD) from four dimensions: peg robustness, price premium, speed, and accessibility. provided.

In terms of peg robustness, TUSD ranks among the top stablecoins. This dimension indicates how reliable the stablecoin is during the increase in supply that occurs when users redeem the stablecoin. This is known as redemption run or “bank run”.

Robustness is important for financial instruments because it represents stability. Stablecoins with high peg robustness allow users to safely redeem assets without fear of price shocks.

To measure a stablecoin’s peg, we need two metrics: price deviation and redeemed supply flow. Stablecoins with low price deviation and high redeemed supply are more likely to remain stable. The results show that TUSD has one of the lowest levels of price deviation, indicating a higher peg robustness score.

TUSD’s high robustness score is no surprise. According to available sources, it is one of the most transparent stablecoins, fully collateralized in USD and live on-chain verified. TUSD is also audited in real time by Armanino, a leading US-based accounting firm, to ensure a 100% collateralization ratio.

(Different stablecoin peg robustness scores)

Price premium is used to analyze the historical price of a stablecoin to identify whether the token has traded at a premium or discount. This report shows 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 losing from trading at a discount.

Speed and accessibility are two other aspects considered in the report. TUSD is slow and moderately accessible. Additionally, the report notes that stablecoin availability on public chains is just as important as accessibility on exchanges. While many stablecoins operate on Ethereum, TUSD is one of the leading stablecoins on TRON and BUSD operates on his BNB chain.

(TUSD 4D Score)

As shown in the table, TUSD ranks among the top 8 stablecoins. TUSD blog post The aforementioned CryptoQuant effectiveness report reveals overall effectiveness in four dimensions.The report expects TUSD to grow further in the coming months.

About TUSD

TrueUSD is the first digital asset with live on-chain verification from an independent third party, backed 1:1 with the US dollar. So far, it has been listed on over 100 trading platforms such as Binance and Huobi, and operates on 11 mainstream public chains including Ethereum, TRON, Avalanche, BSC, Fantom and Polygon. TrueUSD is real-time verified by Armanino, one of the largest US-based accounting firms, with a guaranteed 1:1 ratio of USD reserves to circulation token supply and 100% collateralization. increase. Users can always access the publicly available audit results from the official website tusd.io.

contact address

Annabel Gunn [emailprotected]