Is TUSD a stablecoin and how does it work on Kucoin?

3 answers

• May 05, 2022 · 3 years ago
  TUSD, also known as TrueUSD, is a stablecoin that is pegged to the value of the US dollar. It is designed to provide stability and reduce volatility in the cryptocurrency market. On Kucoin, TUSD can be traded like any other cryptocurrency. Users can buy, sell, and trade TUSD against other cryptocurrencies or fiat currencies. The value of TUSD remains relatively stable because it is backed by actual US dollars held in reserve. This allows users to have a stable store of value and facilitates easier trading on the Kucoin platform.
  534

  267
• May 05, 2022 · 3 years ago
  Yes, TUSD is indeed a stablecoin. It is backed by US dollars held in reserve, which ensures that its value remains stable and pegged to the US dollar. On Kucoin, TUSD can be used for various purposes such as trading, investing, or transferring funds. It provides users with a reliable and secure way to store their assets without being affected by the volatility of other cryptocurrencies. TUSD is widely accepted on Kucoin and can be easily traded against other cryptocurrencies or fiat currencies.
  499

  167
• May 05, 2022 · 3 years ago
  TUSD is a stablecoin that is widely recognized and used in the cryptocurrency industry. It is backed by US dollars held in reserve, which ensures its stability. On Kucoin, TUSD can be used for trading, investing, or as a stable store of value. It provides users with a convenient way to hedge against the volatility of other cryptocurrencies. TUSD can be easily deposited and withdrawn on Kucoin, allowing users to seamlessly transition between TUSD and other cryptocurrencies or fiat currencies. Overall, TUSD offers a reliable and stable option for users on the Kucoin exchange.
  580

  145