Comparison and Review: Internet Computer (ICP) vs TrueUSD (TUSD)
Internet Computer (ICP)
- Symbol: ICP
- Name: Internet Computer
- Asset Platform ID: N/A
- Categories: Alleged SEC Securities, Smart Contract Platform, Governance, GameFi, Storage, Metaverse, NFT, Internet Computer Ecosystem
- Market Cap Rank: 33
- Price Change Percentage (30 days): +33%
Internet Computer (IC) is a groundbreaking blockchain created by the DFINITY Foundation. It aims to transform the web by enabling smart contract development at scale and revolutionizing the way people interact with web services. Internet Computer's vision is to extend the public internet and become the world's decentralized computing platform. The project was founded in October 2016 by Dominic WIllams and has attracted significant investments from prominent entities like Adreessen Horowitz and Multicoin Capital. On May 10, 2021, DFINITY launched the Internet Computer into the public domain, marking a major milestone for ICP. The project's native token, ICP, plays essential roles in network governance, production of compute cycles, and rewarding users for their participation.
- Symbol: TUSD
- Name: TrueUSD
- Asset Platform ID: Ethereum
- Categories: Stablecoins, USD Stablecoin, BNB Chain Ecosystem, Polygon Ecosystem, Arbitrum Ecosystem, Avalanche Ecosystem
- Market Cap Rank: 26
- Price Change Percentage (30 days): +0.1262%
TrueUSD (TUSD) is a pioneering digital asset that is backed 1:1 with the US dollar (USD). What sets TrueUSD apart is its live on-chain attestations by independent third-party institutions, ensuring transparency and accountability. It is listed on numerous trading platforms and integrated with multiple public chains, including Ethereum, TRON, Avalanche, and more. The stablecoin's robust infrastructure includes real-time attestations by a specialized accounting firm, maintaining the 1:1 ratio between its USD reserve and circulating token supply. TrueUSD has also gained statutory status as an authorized digital currency and medium of exchange in the Commonwealth of Dominica. The integration of Chainlink PoR further enhances security and reliability. Users can access the relevant data through the official website tusd.io.
Internet Computer (ICP) and TrueUSD (TUSD) cater to different aspects of the blockchain ecosystem. ICP focuses on transforming the web and revolutionizing smart contract development at scale. It aims to become a decentralized global computing platform, offering unique opportunities in areas like gaming, storage, metaverse, and NFTs. On the other hand, TUSD is a stablecoin that maintains its value by being backed by US dollars, providing users with a stable digital asset for transactions and investments. While ICP's market cap rank is 33 and has seen a significant price change in the last 30 days (+33%), TUSD holds a market cap rank of 26 with a relatively stable price change (+0.1262%) during the same period.