Singapore, Singapore, Aug 13, 2022, Chainwire
USD has been approved by CryptoQuanta data analytics agency for cryptocurrencies, ranks in the top eight in the Stablecoins Effectiveness Report released on July 21.
The efficiency report provided an in-depth assessment of eight important stablecoins (USDT, USDC, BUSD, DAI, FRAX, TUSD, USDP, and GUSD) from 4 dimensions: peg strength, value premium, velocity, and accessibility.
In terms of peg robustness, TUSD ranks among many top-tier stablecoins. This dimension reveals how reliable a stablecoin is throughout an increase in supply, which occurs when customers trade their stablecoins. This is called a redemption run or more often referred to as a “bank run”.
Robustness is essential for monetary commodities because it represents stability. Stablecoins with high peg strength allow customers to redeem their property safely, without worrying about a financial shock.
Measuring the peg of a stablecoin requires two measurements: the value gap and the redemption supply movement. Stablecoins with a lower cost spread and better-refunded supply have the next chance to maintain stability. The results show that TUSD has one of the lowest value deviation ranges, scoring higher peg robustness scores.
TUSD’s overly robust rating is well deserved. Outside sources reveal that it is probably one of the clearest stablecoins, fully backed by US dollars and attested to stay on-chain. In addition, TUSD is audited in real time by Armanino, a number one accounting agency based in the United States, to guarantee a guarantee ratio of 100%.
(Completely different stablecoin peg strength scores)
Value premium is used to research historical stablecoin costs to determine if a token has traded at a premium or a discount. The report indicates that TUSD ranks somewhere in the middle. A value premium allows stablecoin holders to profit from selling at a premium in a short period of time, compared to the losses resulting from buying and selling at a discount.
Velocity and accessibility are the two opposing dimensions examined in the report. TUSD gets low speed and medium accessibility. In addition, the report also points out that the availability of stablecoins on public chains is equally essential to their accessibility on exchanges. While many stablecoins run on Ethereum, TUSD is probably one of the top stablecoins on TRON, while BUSD runs on BNB Chain.
(TUSD scores in all 4 dimensions)
Rating TUSD in the top eight for stablecoins, as evidenced by the TUSD blog post and the previously mentioned CryptoQuant Efficiency Report, reveals its overall efficiency in all 4 dimensions. The report expects the TUSD to see further development in the coming months.
TrueUSD is the leading digital asset with on-chain attestations by unbiased third-party institutions and is backed 1:1 with the US greenback. So far, it has been listed on over 100 buy and sell platforms such as Binance and Huobi, and is present on 11 mainstream public channels, including Ethereum, TRON, Avalanche, BSC, Fantom and Polygon. . TrueUSD is real-time attested by Armanino, one of the largest accounting firms based in the United States, to ensure that the 1:1 ratio of its USD reserve to the token in circulation provides and the price of the 100% guaranteed. Users can access publicly available audit results at any time through the official tusd.io website.
Annabel Gan, [email protected]