Zebpay launches TrueUSD [TUSD] stable coin with zero withdrawal fees

On 3rd August, Zebay, India’s leading cryptocurrency exchange tweeted the launch of its new coin TrueUSD [TUSD] which can now be deposited on the Zebpay wallet that is available for both iOS and Android users.  

 

According to the tweet, the coin comes under the category of a stable coin, which means that the coin will hold a stable, reserved value as opposed to a volatile coin additionally providing an unparalleled security and legal protection. Zebpay claims TrueUSD [TUSD] will prove to be a valuable asset to unstable price jumps.

Zebpay stated TrueUSD [TUSD] will be a replacement for tokens that do not support Crypto to fiat exchange transactions and can also be seen as an alternative to traditional currencies.

The key feature of the coin according to Zebpay, will be being able to send/withdraw TUSD from Zebpay to any wallet without any network transfer fees.

After the announcement of circular DBR.No.BP.BC.104 /08.13.102/2017-18 dated April 6, 2018, by the  Reserve Bank of India [RBI], Zebpay has paused all INR deposits and withdrawals on the Zebpay exchange until the banks allow these transactions.

Currently, the TUSD withdrawals will be available on the platform from Monday, 6th August. An update will be provided to users when the trading of TUSD/BTC starts. Users can start trading in 20 cryptocurrencies and 35+ trading pairs on Zebpay exchange.

Through this launch, Zebpay is working at resolving trading limitations in India and serve as a new benchmark to cryptocurrency in India. Zebpay also claims that TUSD tokens are backed by various trust firms that it has partnered with.

Kshirodra, a Twitter user tweeted:

“Introduce p2p, nothing else. Being the biggest exchange of India, people expect you to be the first one to bringing p2p but you didn’t.”

Ashish Rohilla another Twitterati commented:

“We want INR deposit and Withdrawal. Work on it.”

Another Twitterati, Gowtham V replied:

” What is the use if we cannot convert INR to CRYPTO or INR to TrueUSD. If people want to buy new crypto we cannot use TrueUSD without using INR. Good option for trading but not good for new investments.”

The post Zebpay launches TrueUSD [TUSD] stable coin with zero withdrawal fees appeared first on AMBCrypto.

Source: AMBcrypto
Original Post: Zebpay launches TrueUSD [TUSD] stable coin with zero withdrawal fees