Cryptocurrencies: 11660
Markets: 61211
Market Cap: $1,144,186,284,396     
24h Vol: $81,708,510,128
1 True USD (TUSD) Rank 46
$0.999548
True USD (TUSD) Rank 46
Website Twitter
1,219,345,344 TUSD

True USD (TUSD)

True USD (TUSD)

TUSD

True USD (TUSD) Price
$1.00

True USD (TUSD) 24h Vol
$328,039,929

True USD (TUSD) Market Cap
$1,218,793,935

True USD (TUSD) Circulating
1,219,345,344

Full Name
True USD (TUSD)
Symbol
TUSD
Algorithm
ETH Token
BTC Price
0.00004175 BTC
BTC Market
50,905 BTC
BTC 24h Vol
13,701 BTC
Total Coins Mined
1,219,345,344 TUSD
1h
-0.08 %
24h
-0.04 %
7d
-0.03 %
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 1,219,345,344 TUSD
Previous Total Coins Mined N/A
Net Hashes Per Second N/A

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