A guide on why the OVEX Arbitrage service uses TUSD
The OVEX Arbitrage Service capitalises on the price discrepancy of TrueUSD (TUSD) in the U.S. and South Africa.
TUSD is a well-established stablecoin that has a fully diluted market capitalization of $1.21billion. TUSD’s focus on compliance and transparency have made it a solid contender when compared to other stablecoins in market. TUSD is fully collateralized, meaning every token minted is backed by an actual dollar. The U.S. Dollars held are verified by an independent third-party accountant that publishes monthly attestation reports. This is what makes TUSD a trusted stablecoin provider.
The arbitrage gap in TUSD (between overseas and local exchanges) is virtually identical to that of Bitcoin.
Why use TUSD and not BTC?
(1) TUSD is backed 1:1 with the US dollar and is not prone to wild price fluctuations. It can be shipped anywhere in the world in minutes, rather than the hour or so it takes for BTC
(2) TUSD is fully fiat collateralised and one of the worlds most established stablecoins with a market cap of $1.2billion
(3) We can credit our clients TUSD before their forex (SWIFT) even clears. This way we ensure our clients aren’t exposed to any foreign exchange or market risk due to trade lags
(4) Instead of having to open up a wallet with a foreign entity, OVEX customers can do all of this through one platform
Oh, and did we mention it's automated? Just deposit your funds and let OVEX’s expert traders do the rest! Arbitrage trading has never been easier