Market Cap
24h Vol
2503
Cryptocurrencies
16172
Markets
True USD (TUSD) Rank 28
$1.013107
True USD (TUSD) Rank 28
Website Twitter
205,589,114 TUSD

True USD (TUSD)
True USD (TUSD)
TUSD

True USD (TUSD) Price
$1.01

True USD (TUSD) 24h Vol
$125,112,696

True USD (TUSD) Market Cap
$208,283,671

True USD (TUSD) Circulating
205,589,114

Full Name
True USD (TUSD)
Symbol
TUSD
Algorithm
BTC Price
0.000263725300 BTC
BTC Market
54,219 BTC
BTC 24h Vol
32,569 BTC
Total Coins Mined
205,589,114 TUSD
1h
-0.05 %
24h
-0.08 %
7d
-0.37 %

Charts

Description

Description


TrueUSD, part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin pegged to the value of USD. In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company. The contents of said bank accounts are published every day and are subject to monthly audits. 

If someone wants to obtain TrueUSD through the online application, they will need to pass a KYC/AML check. Once that’s complete, they can send USD to one of TrueUSD’s trust company partners. Once the funds are verified by the trust company, their API will instruct the TrueUSD smart contract to issue tokens on a 1 to 1 ratio and to send them to the Ethereum address associated with the account at hand.

Once in the wallet, the tokens can be transferred to a friend or used as payment, combining the advantages of fiat (stability and trust) with those of cryptocurrencies (reduced fees and transfer times). The user can also redeem real US Dollars by sending the TUSD tokens back to the smart contract address, which will notify the trust company, and initiate a bank transfer to the user’s account.

Full Name True USD (TUSD)
Start Date N/A
Algorithm N/A
Proof Type N/A
Website https://www.trueusd.com/
Twitter @TrustToken
Facebook https://www.facebook.com/TrustToken/
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 205,589,114 TUSD
Previous Total Coins Mined N/A
Net Hashes Per Second N/A