Ether / TrueUSD (ETH/TUSD) is now tradeable on Bittrex. A big thanks to the Bittrex team for their enthusiasm and efforts to launch this new market.

TrueUSD is an increasingly common alternative for traders and funds who want a USD-backed stablecoin, but who don’t trust Tether. TrueUSD is the only stablecoin to offer token-holders full USD collateral, regular attestations (here are the first three: 1, 2, 3), and legal protections to redeem TrueUSD for USD.

TrueUSD allows individuals and institutions to manage cryptocurrencies while mitigating the extreme price volatility of the market. TrueUSD is created by tokenizing US Dollars on the TrustToken Platform.

What does the ETH/TUSD market mean for cryptocurrency traders?

Faster transfers: The ETH/TUSD market enables traders, funds, and trading bots to quickly trade ETH with a price-stable cryptocurrency, without transferring ETH to other exchanges. Cheaper than exchanging with fiat: The fees to convert ETH to fiat USD are typically large: 100 bps or more. With the ETH/TUSD trading pair, traders only face the standard Bittrex taker fee of 25 bps.

→ Trade the ETH/TUSD currency pair on Bittrex.

→ Learn more about TrueUSD: see the third independent attestation of the TrueUSD bank account, how to purchase and redeem TrueUSD for US dollars, and the intro to TrueUSD.