Cryptocurrencies: 21117
Markets: 81958
Market Cap: $2,370,269,507,791     
24h Vol: $58,630,443,608
1 True USD (TUSD) Rank 131
$1.000066
True USD (TUSD) Rank 131
Website Twitter
509,701,467 TUSD

True USD (TUSD)

True USD (TUSD)

TUSD

True USD (TUSD) Price
$1.00

True USD (TUSD) 24h Vol
$44,902,734

True USD (TUSD) Market Cap
$509,735,017

True USD (TUSD) Circulating
509,701,467

Full Name
True USD (TUSD)
Symbol
TUSD
Algorithm
ETH Token
BTC Price
0.00001561 BTC
BTC Market
7,956 BTC
BTC 24h Vol
701 BTC
Total Coins Mined
509,701,467 TUSD
1h
0.01 %
24h
-0.07 %
7d
0.02 %
Charts

True USD (TUSD)

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 ETH Token
Proof Type N/A
Website www.trueusd.com/
Twitter @TrustToken
Facebook www.facebook.com/TrustToken/
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 509,701,467 TUSD
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
True USD (TUSD) News

Our Partners


Get Crypto Newsletter

Our monthly newsletter contains news, updates and exclusive bonus opportunities. You may unsubscribe at any time.