The live price of TrueUSD is - per (TUSD / USD) with a current market cap of $494.69M USD. 24-hour trading volume is - USD. TUSD to USD price is updated in real-time. TrueUSD is -% in the last 24 hours with a circulating supply of 495.52M.
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| Today | - | 0% |
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TrueUSD (TUSD) is an ERC-20 stablecoin that was launched on the Ethereum mainnet in 2018. The primary utility and goal of TrueUSD is to maintain a tight peg to the US dollar.
TUSD is reportedly backed by US dollar reserves held in escrow accounts managed by trust companies. It was the first independently verified digital asset to be pegged 1:1 with the US dollar. Following the Ethereum Merge, TUSD uses a Proof-of-Stake (PoS) consensus mechanism to validate transactions.
TUSD was developed and launched by TrustToken, a San Francisco-based company that established the TUSD ecosystem to ensure all funds are verified through a network of custodial accounts.
Trust companies are responsible for managing these collateralized reserve accounts. They are required to publish daily reserve balances and undergo monthly audits. This process aims to minimize the risk of TUSD being hacked or stolen and provides legal protection for TUSD holders against such threats.
You can buy TUSD on cryptocurrency exchanges or through peer-to-peer (C2C) marketplaces. After purchasing TUSD, it should be securely stored in a cryptocurrency wallet. There are two main types of wallets: hot wallets (software-based, stored on your computer or mobile device) and cold wallets (hardware-based, allowing for offline storage).
There are several reasons why investing in TrueUSD could be worthwhile. First, TUSD is a decentralized currency not controlled by individuals or financial institutions, making it a viable alternative to traditional fiat. Second, its limited supply may contribute to value preservation. Additionally, as a global digital currency, it facilitates cross-border transfers without the need for intermediaries. If you're looking for an alternative to fiat or a decentralized investment option, TrueUSD may be a good choice. However, investing in TUSD involves the complexities and volatility of digital assets. We strongly recommend conducting thorough research and understanding the potential risks before investing.
The name "TrueUSD" comes from the premise that it is the first independently verified digital currency pegged 1:1 to the US dollar—hence “true” and transparent.
TrueUSD was developed by TrustToken, a company founded in 2017 in San Francisco. The team includes members from UC Berkeley, Stanford University, Google, PayPal, AirBnB, and Goldman Sachs. TrustToken aims to make whole and fractional tokenized assets more accessible to the public.
As a stablecoin, TUSD has low volatility, making it useful for hedging against more volatile digital assets in any market condition. TUSD is used for global digital payments and trading. It typically ranks among the top five stablecoins by market cap, behind BUSD and DAI. At the time of writing, TUSD is also the fifth-highest in trading volume among stablecoins.
New TUSD tokens are minted whenever individuals deposit US dollars into collateral accounts in exchange for TUSD, meaning there is no fixed maximum supply. At the time of writing, the total circulating supply of TUSD is 943.74 million tokens.
The TrustToken website allows users to both purchase TUSD with US dollars and redeem TUSD for US dollars. To complete these transactions, individuals must meet Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.
The TrueUSD to other currencies exchange rate?
