Is TrueUSD centralized?

Could you elaborate on the nature of TrueUSD's centralization? Is it a fully decentralized asset, or does it possess some centralized components? Are there any central authorities or intermediaries involved in its issuance, management, or redemption process? I'm interested in understanding the extent to which TrueUSD adheres to the principles of decentralization and whether there are any potential implications for its users in terms of security, trust, or transparency. Your insights into this matter would be greatly appreciated.