True USDTUSD

TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legally protected, and transparently verified by third-party attestations. TrueUSD is also the first token built on the TrustToken platform. Much like many other fiat-based stablecoins, TrueUSD is backed 1to1 by US dollars and acts as a kind of debt certificate giving the holder the right to redeem it for US dollars.

Price History
$0.00
Vol0.00TUSD
1D
1W
1M
1Y
MAX
Market Info
Market Cap
$1,210,406,995
Diluted Market Cap
$1,210,406,995
Vol 24h
$46,397.34
Vol / Market Cap
0.00004
24h Change
-0.01%
1h Change
-0.03%
24h High
$1.00
24h Low
$1.00
Latest Block
-
Block Reward
-
Hashes Per Second
-
Circulating Supply
1,210,891,352
Max Supply
Uncapped
Consensus
-
Algorithm
-
Genesis Block Date
2018-03-31
Data provided by CryptoCompare
About

A brief history
True USD was created in 2018 by TrustToken, a San Francisco-based exchange that specializes in asset-backed tokens that are designed to be easily exchanged around the world. The fundamental goal of TUSD is to provide its users with a reliable, stable, and simple alternative to traditional dollars. TrueUSD is partnered with licensed trust companies and banks to securely hold the funds that back TrueUSD tokens. For increased security, the trust companies handle all funds directly and the TrueUSD team does not have access to the escrowed funds. In addition to TUSD, TrustToken has announced the launch of several other tokenized fiat currencies. These include a tokenized version of the Australian dollar (TAUD), the British Pound (TGBP), the Canadian dollar (TCAD), and the Hong Kong dollar (THKD). In addition, a tokenized version of the Singapore dollar (TSGD) is expected in the future.

TUSD in practice
When an escrow account gets USD, a new TUSD is instantly created. When a user redeems USD, an equal quantity of TUSD is immediately burnt. As a result, TrustToken assures a 1:1 USD to TUSD ratio between escrow funds and TUSD in circulation. Any institution or individual with a verified TrueCoin account that passes a standard KYC/AML check can redeem TrueUSD for USD. During the current alpha version of the TrustToken platform, there is a $1000 minimum on redemptions. This amount is common for the platform's current institutional users and TrustToken aims to reduce this minimum for retail users in the future.

Project Links
ETH Creator Address
0x7b-D8b3
ETH Contract Address
0x00-b376
Please verify all project links, data may change over time. Be vigilant of scams interpreting official projects.
ROI
USD
ETH
BTC
6H
0.00%
0.00%
0.00%
1D
0.10%
0.68%
0.83%
1W
0.13%
-0.05%
0.85%
1M
0.00%
14.78%
2.73%
6M
0.11%
159.49%
138.08%
1Y
0.10%
114.80%
115.74%
3Y
-0.10%
-86.37%
-56.89%
USD
TUSD

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