When a user acquires TUSD, the underlying smart contract automatically generates and issues an equivalent amount of TUSD, which is then added to the circulating supply of the token.
On the other hand, when a user sells their TUSD for USD, a smart contract instantly eliminates the tokens by burning them, permanently removing them from the circulating supply of TUSD. Simultaneously, the platform credits the user with U.S. dollars equal to the amount of TUSD redeemed.
One of the advantages of using TUSD is that it doesn't impose fees for purchasing or redeeming transactions. The company earns its income by accruing interest on the U.S. dollars held in its accounts.
TUSD is compatible with numerous blockchain networks, including Ethereum, BNB Chain, Aurora, Optimism, and TRON. This cross-chain compatibility allows users to seamlessly transfer and use TUSD across different platforms, enhancing its utility and accessibility.
The distribution of digital assets to the public, either by virtue of holding a certain other token or simp...
A cryptocurrency that is alternative to Bitcoin. Used to describe cryptocurrencies that are not Bitcoin.
A currency where the price is designed to remain the same as a designated asset. For example: 1 USDT is peg...