TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legally protected, and transparently audited. TrueUSD uses multiple escrow accounts to reduce counterparty risk, and to provide token-holders with legal protections against misappropriation. TrueUSD is the first major product built on the TrustToken platform.
TrustToken is a set of legal and technical standards to tokenize real-world currencies and assets.
The current fees are:
To purchase and redeem TrueUSD for USD: the larger of 10 basis points or $75
10 basis points on transactions of TrueUSD between Ethereum wallets (this will only be charged once the TrustToken platform launches, and will be off until then)