Too Long; Didn't Read
TrueUSD is a cryptocurrency stablecoin built on the Ethereum blockchain pegged to 1USD. The cryptocurrency is legally protected and fully backed by collateral through third party trust companies in escrow. The native currency of TrueUSD was fully backed in the ratio 1:1 on the US dollar. The currency is fully compliant with regulatory and legal frameworks to ensure the trust of lawmakers and users. The structure of the TrueUSD network goes against the basic foundations of cryptocurrency of removing traditional banking institutions from their involvement in people's personal finances.