TrueUSD is now available on Ginco.
Ginco Wallet is now supporting TrueUSD (TUSD), a stable coin married to the price of the U.S. dollar. Ginco is a safe and secure, decentralized crypto wallet. Each of our users have full control over their private keys which are securely stored inside their smartphones. Our simple and clean design makes it easy for anyone to use our app, including those looking to get into crypto for the first time. Ginco currently supports multiple blockchains including: Bitcoin, XRP, Ethereum, BitcoinCash, and more.
With this update, our users can:
- Now indemnify their assets against market volatility by exchanging their crypto with a trustworthy stablecoin, safely and securely.
- Get a U.S. dollar backed stablecoin without using centralized exchanges, saving you time and money
What is TrueUSD (TUSD)?
TrueUSD (TUSD) is an ERC20 stablecoin minted on the TrustToken Platform.Its price is pegged to the equivalent amount of a U.S. dollar. According to their team, TUSD is able to match its price to the U.S. dollar by holding escrowed funds backing the US dollar with partner banks and fiduciaries. A publicly audited smart contract will allow users to receive TUSD by sending the U.S. dollar to a third-party escrow account after finalizing a KYC/AML check.
You can also buy TUSD in the supported cryptocurrency exchanges listed below. Since TUSD will always equate with the amount of a U.S. dollar, users redeeming TUSD tokens with equivalent U.S. dollars will need to have their TUSD token burned after the redemption. To ensure a secure attestation for the collateralized U.S. dollar, regular, independent, third-party audits will be held by partners such as Cohen & Co.
What is Ginco Exchange?
Ginco Exchange is the easiest cryptocurrency exchange ever made available in a crypto wallet. Currently, Ginco has two of the most useful exchanges already integrated within the wallet. These are KyberSwap from KyberNetwork and Changelly. With Ginco Exchange you can instantly trade ETH with ERC20 tokens as well as perform crosschain exchanges such as BTC to XRP or LTC to BCH, all with unparalleled low fees. Make safe and secure transactions from your smartphone without exposing your private key to anyone.
Major exchanges supporting TUSD:
How can I add TUSD in my wallet?
The following image illustrates how to add TUSD in your Ginco Wallet.
Stand by for more updates
Ginco remains dedicated to developing the easiest and the most secure crypto wallet. We will continue to improve our wallet’s safety and usability while maintaining its accessibility to future blockchain technologies.