TrustUSD is a protocol of money that ensures price-stability by algorithmically expanding and contracting supply. Our protocol is targeting mass adoption on a global scale and powering the next generation of decentralized applications on multiple blockchains.
Decentralized stable assets are very important to the future of cryptocurrencies. Cryptocurrencies have the potential to transform the financial landscape. Yet, price volatility remains a major barrier for mass adoption. Our answer is TrustUSD, a fully decentralized independent money protocol to become a new global currency.
A cryptocurrency that has no clear purpose to be used in lieu of a traditional fiat currency is essentially useless. TrustUSD has a vision to partner with major commerce systems and be utilized as a viable medium of exchange across the world.
The protocol mechanism is actually quite simple: when token price exceeds $1 price target, the protocol will expand the total supply until price levels have reached a state of equilibrium. If token price falls below $1, the protocol will contract the total supply until the price reaches the $1 target once again.
A protocol such as TrustUSD is simple, yet very effective. Many stable assets incorporate very complex systems that aren’t very effective because simple economic principles are the most valuable information a project of this magnitude could hold. Along with that, many cryptocurrency investors want to see stable assets that are truly free from corruption and market manipulation, and we’ve brought a solution to those concerns.