TrueUSD is a U.S. dollar stablecoin pegged to USD at 1:1. First launched to a limited investor base in January 2018, TrueUSD has since grown to incorporate almost $400 million of backed tokens as of October 2020.
TrueUSD is one of a number of cryptocurrency stablecoins administered by TrustToken, a platform for tokenizing real-world assets.
As with other stablecoins, TrueUSDCryptocurrency aims to facilitate increased liquidity and provide cryptocurrency traders and general users with a nonvolatile asset relative to free-floating tokens such as Bitcoin (BTC). As of October 2020, TUSD is the 38th largest cryptocurrency by market cap.
TrueUSD price today is $1.00 USD with a 24-hour trading volume of $122,424,024 USD. TrueUSD is up 0.02% in the last 24 hours. The current CoinMarketCap ranking is #77, with a market cap of $400,164,336 USD. It has a circulating supply of 400,069,787 TUSD coins and the max. supply is not available.
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They venture forward with curiosity, awareness, and empathy.
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They continually strive to become our best selves.
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The Future of Finance for All
Use a stablecoin with the longest proven track record of liquidity and redeemability.
Attract more global users and trading volume through international fiat markets with TrueCurrencies.
Store and move your money quickly and without fees, or use TrueCurrencies with our partners to buy goods and services.
TrueUSDCryptocurrency Access fast, fixed-rate, fixed-term loans with no collateral requirements.
Earn high, stable yields on your stablecoins with full transparency into how the collateral is allocated.
The stablecoins are fully collateralized, held in third-party escrow, and subject to live, independent on-chain attestations.
How Many TrueUSD (TUSD) Coins Are There in Circulation?
There was around 381.9 million TUSD in circulation as of October 2020. Given its status as a stablecoin, the supply is uncapped, and will continue to expand according to demand.
There are two incarnations of TUSD available: an ERC-20 token on Ethereum and another, also known as TUSDB, a BEP-2 token on Binance Chain. TrueUSD’s equivalent redeemability for USD is maintained via partnerships with banks and fiduciary entities.
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They make good things easy — from 100% covered medical insurance, to parental leave, life insurance, a 401k, and healthy meals served daily.
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TrueUSDCryptocurrency culture evolves with each new teammate. They come together for retreats, Town Halls, monthly celebrations, and regular social events. We’re on a mission to open access to financial opportunities and global trade
How Is the TrueUSD Network Secured?
TrustToken aims to deliver maximum transparency using tools such as real-time auditing of TUSD’s backing and reliability.
Beyond trusting the validity of its USD peg, any security issues relate to those which affect all ERC-20 standard tokens. Transactions, for example, can suffer from abnormally high fees if gas prices on the Ethereum blockchain spike.
Where Can You Buy TrueUSD (TUSD)?
As one of the largest USD stablecoins, TUSD is freely available on major exchanges, with pairs for cryptocurrencies and other stablecoins available.
Among the largest volume currently belongs to Binance and DeFi automated market maker Curve. New to crypto? Read the easy guide to buying Bitcoin and other cryptocurrencies.”
One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.