How does TrueUSD work?

There are generally 2 processes in using TrueUSD, buying TUSD tokens and redeeming TUSD (so-called redeem)

Buy TUSD currency

To do this, TrustToken works with several reputable trustee companies that manage billions of dollars. At this stage, to buy TUSD currency, the user must go through the process of authentication (KYC) and anti-money laundering (AML), after which he can enter into a deposit agreement by sending US dollars to one of the Trust Companies.
After confirming the amounts, the API of the trust companies instructs the TrueUSD smart contract to transfer the TUSD token to the user-specified Atrium address in proportion to the amount of dollars deposited.

Digital currency dollar TUSD

Redemption of TUSD

To redeem, the user must go through the Authentication (KYC) and Anti-Money Laundering (AML) process, then send the TUSD tokens through the registered Atrium address to the smart contract address specified by the company. The custodian then sends the dollar amounts to the user.

•In this way, the TrueUSD system has no contact with the amounts, and the Trust Companies do all the shopping and payment for the user's money through the deposit account.