Contrary to claims, TUSD and Techteryx are not regulated. Holders of TUSD solely rely on general protections under law, which we deem inadequate. Further, Techteryx and TrustToken expressly disclaim that they do not guarantee any right of redemption or exchange of TrueCurrency tokens for fiat currency.

The absence of regulatory oversight, the lack of transparency about reserves management and the unclear nature of the relationship between Techteryx (owner of TUSD) and TrustToken (manager of the TrueCurrencies platform) concern us.