Research report: Why TUSD has become the “track consensus” recognized by these institutions

Author: Block Rhythm

2024 is considered a promising year for the crypto world. Different from the chaos and silence caused by pessimism about the market at the beginning of last year, after entering 2024, various leading institutions have published their own research reports at the beginning of the year, generally expressing optimism about the encryption market in 2024. mood. The research report has a wide range of content, including an outlook on the future macroeconomic trend of the market, and a survey of high-quality projects in each track from a micro perspective, including the stablecoin track in the infrastructure sector.

The author looked through the research reports of three well-known institutions: CoinGecko, CoinMarketCap, and Messari, and found that all three have issued research reports on the stable currency project TUSD, and from different perspectives It was analyzed in terms of latitude. As a dark horse in the stablecoin market last year, TUSD has won the support of many top exchanges and institutions. Many people have begun to wonder how TUSD overtakes others. Below, the author will analyze the research reports on TUSD by the three institutions one by one, and explore the mysteries of TUSD with everyone.

CoinGecko

CoinGecKo’s research report is based on the operating mechanism of TUSD and the performance of TUSD in the past year. The growth is mainly in terms of asset management scale, stablecoin circulation, industry popularity and technological development. CoinGecKo believes that compared with other stablecoins of the same type, TUSD has outstanding advantages in reserve certificates, multiple exchange support and cross-chain compatibility. In the payment field, TUSD has cooperated with travel platform Travala.com, Web3 shopping platform UQUID and many other A partnership has been reached with a platform that has a wide range of practical use cases.

In addition, CoinGecKo also emphasized that TUSD is continuously committed to improving its transparency and security. The main reasons are:

· TUSD's verification services and reserve certification reports are provided by the well-known accounting firm Moore Hong Kong;

· In the Chainlink oracle With the support, users can verify the solvency and stability of stablecoins at any time;

To sum up, CoinGecKo’s conclusion on TUSD is very optimistic and believes that “it is different from other stablecoins. In contrast, TUSD is becoming increasingly popular, providing investors with a new option that can both preserve value and consume at any time."

CoinMarketCap

< p style="text-align: left;">CoinMarketCap's research report focuses on a more comprehensive perspective and is longer than CoinGecKo. In addition to TUSD's own advantages in transparency and security, CoinMarketCap also emphasizes TUSD's achievements in market development and TUSD's minting or redemption process.

CoinMarketCap highlighted the cooperation between TUSD and Binance, including providing convenient investment channels for users participating in the Binance Launchpad project. Binance has now launched 13 TUSD spot trading pair, and TUSD has now been approved as a collateral asset for margin trading on Binance. With the support of platforms such as Binance, TUSD has created a prosperous DeFi ecosystem and has been widely used in many projects. For example, TUSD’s 24-hour trading volume of the crvUSD/TUSD trading pair on the leading decentralized exchange Curve Finance Nearly $1 million, with $4.2 million in liquidity.

In addition, according to CoinMarketCap's predictions, stablecoins are increasingly accepted by the mainstream financial community. In the long run, the stablecoin track is about to enter a new stage of strengthened supervision, tightened policies, and deeper integration with traditional finance. As the stablecoin industry matures, the industry may generally upgrade reserve proof solutions and improve transparency, thereby winning the trust of more users and regulatory agencies. In terms of transparency, TUSD has set a benchmark for the industry by integrating with Chainolink PoR to ensure real-time auditing on the chain and working with top auditing institutions to issue daily audits.

Messari

Similar to the above two research reports, Messari is also concerned about the expansion of TUSD Integrating the progress of its partners and affirming these progress, it is believed that these initiatives collectively reflect TUSD's commitment to establishing a strong influence in the fields of payments, transactions and DeFi. TUSD's high availability will strengthen its use potential and its use in The possible role that crypto will play in the economy.

But unlike CoinGecKo and CoinMarketCap’s optimistic reviews of TUSD, Messari’s research on TUSD is more three-dimensional and comprehensive. Messari affirmed that TUSD continues to lead the way in transparency, but also noted that supply declined in late 2023, although the number of holders has remained essentially the same. In addition, Messari also reviewed some risk events that TUSD experienced in 2023 and TUSD’s response to them. The analysis process was more objective.

Messari believes that TUSD Q4 was a balanced quarter for TUSD, with continued growth in transparency and partnerships despite declines in supply and usage. Meanwhile, Messari predicts that seeking to return to usage growth in 2024, leveraging integrations and partnerships developed during the bear market, will be a focus for TUSD going forward.

Summary

Although the three research reports have different focuses and lengths, they all have the same point. Pay attention to the characteristics and advantages of TUSD in the stable currency field. CoinGecKo’s focus tends to be on TUSD itself and its mechanism. CoinMarketCap focused on the progress and ecology of TUSD, while Messari focused on reviewing TUSD’s market performance in 2023. All three spoke highly of the future development potential of TUSD and regarded it as the most noteworthy key project in the stablecoin industry in 2024.

Overall, in 2023, the entire encryption industry has gone through the trough and despair of the bear market, and has begun to set off a bull market. The market demand for stablecoins will further increase in 2024. As the industry evolves, and going forward, the ultimate long-term viability and success of stablecoins will depend on achieving better user experience, more on-chain use cases, and more secure and transparent reserve information. As the study notes, this is exactly what TUSD has been doing for a long time.

Finally, the content of this article only extracts the stablecoin TUSD research reports issued by three institutions and does not constitute financial or investment advice.