coin image

TrueUSD TUSD

54
Token
$1.000.02%
0.00004396 BTC1.70%0.00061035 ETH2.18%

Low (24h)

$1.00

$1.00

TrueUSD Price - TUSD Price in USD with Live Chart

54
Token
Market Cap
$947,568,421.18
Market Dominance
0.09%
Market Cap
$947,568,421.18
Market Dominance
0.09%
Fully Diluted Market Cap
$947,568,421.18
YTD (%)
-0.06%
Volume (24h)
$46,455,332.17
Volume / Market Cap
0.04903
Circulating Supply
948,011,250 TUSD
Max Supply
-
Total Supply
948,011,250
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TUSD to USD Price Chart


Risk Analysis

3

1

1

TrueUSD (TUSD) Markets


TrueUSD Quarterly Returns

YearQ1Q2Q3Q4Total
2018-0.37%-0.89%1.03%0.89%1.33%0.66%
2019-1.09%-1.55%0.47%-0.83%-2.98%
20200.44%0.37%-0.32%0.91%1.41%
2021-1.03%0.09%-0.16%0.11%-1.00%
20220.39%-0.57%0.47%--
Average0.10%-0.14%0.12%--0.48%

TUSD Price Current Data

TrueUSD price today is $1.00 USD, which is Up by 0.02% over the last 24 hours. There has been an hourly Rise by -0.00%. TrueUSD's market cap currently sits at $947,568,421.18 USD, holding up for a market cap rank at #54. The volume were at $46,455,332.17 USD TrueUSD ranks no 54 in the market capitalization of TrueUSD is at $947,568,421.18 and its volume for 24 hours is $46,455,332.17. TrueUSD are under circulation, with total supply of 948.01M and the Maximum supply of 0.

About TrueUSD

TrueUSD (TUSD) is a USD-pegged stablecoin, that gives its clients ordinary authentications of escrowed balances, full guarantee and legitimate security against the misappropriation of the hidden USD. TrueUSD is issued by the TrustToken stage, the stage that has collaborated with enlisted trustees and banks that hold the assets backing the TrueUSD tokens. The USD reserves are routinely confirmed in booked authentications, and kept in outsider escrow records to such an extent that TrustToken has no immediate access to the assets. TrueUSD guarantee to be a stablecoin that you can reclaim 1-for-1 for US dollars.

What Is TrueUSD (TUSD)?
 

In early 2018, TUSD was launched as a stablecoin.

Trading profits have been improved through stablecoins, cryptocurrencies linked to fiat currencies or commodities. With TrueUSD, you won'twon't find any hidden accounts or unique algorithms.
 

Dollar holdings belonging to TrueUSD are spread across several trust companies' bank accounts. It was agreed that each party would conduct routine audits on collateralized holdings and publish them every month. To reduce counterparty risk and provide legal protection against theft, TrueUSD token holders use multiple escrow accounts.


 

How TrueUSD (TUSD) works?

The blockchain of Ethereum is the basis of TrueUSD's smart contracts. Smart contracts make it possible to create and redeem tokenized versions of the U.S. dollar.

TUSD, part of the tokens' circulating supply, is automatically generated and issued by the smart contract underlying the TrustToken platform when a user purchases TUSD with U.S. dollars.

A smart contract automatically burns or removes the redeemed TUSD tokens from the TUSD supply when a user saves through TrustToken. As part of the platform'splatform's functionality, the user is credited with a U.S. dollar amount equal to the savings made in TUSD.

TUSD transactions are fee-free with TrustToken. In contrast, interest is collected on U.S. dollars kept in the company'scompany's accounts to generate revenue.

TUSD will be pegged to the dollar when traders buy and sell TrustToken at 1:1, allowing for natural arbitrage opportunities.




 

Who Is Behind TUSD?

A US-based company called TrueCoin LLC developed TrueUSD. Rafael Cosman is the founder and CEO of the company, a Silicon Valley entrepreneur with a cryptocurrency background. Before launching TrueCoin LLC, Cosman worked for Peter Thiel's "Palantir Technologies" at Thiel's "Google," where he worked in the Artificial Intelligence department.

A mix of utility and value was intended to be created by the team's team in the crypto industry. After releasing a test version in late 2017, the TUSD stablecoin went live in March 2018. It has evolved significantly over the last four years and has a $1 billion market cap.

 

Founders of TrueUSD

A San Francisco-based exchange, TrustToken, issued the asset, which is backed by various assets and easily traded worldwide. On the TrustToken platform, TUSD represents the first stablecoin.

To tokenize assets like properties, movies, limited businesses, and the like, the TrustToken team felt it was a duty to achieve a more stable market environment.

As a result of Rafael Cosman, TrustToken's co-founder and CEO, demanding a regular monthly audit, the TUSD currency is subject to regular audits. It offers investors a reliable and high-impact asset as a hedge against the volatile market.


 

Is TUSD Compliant With Governments?

Few crypto stablecoins are backed by cash reserves; TUSD is backed by cash reserves and is managed by TruCoin LLC. This US-based company complies with financial crimes enforcement measures such as the US Financial Crimes Enforcement Network (FinCEN).

TrueCoin LLC has regulations that require users to verify that they're not on an international sanctions list before they can cash out TUSD from the platform to their bank accounts under KYC laws.

TUSD and other stablecoins are 100% protected by USD reserves in TrueCoin LLC's bank accounts through a collaboration with Cohen & CO, a major US-based accounting firm. In addition to TAUD, TGBP, and TCAD, the company issues other stablecoins with the same financial backing.

The question arises then: how does TrueUSD make money if it follows all government regulations and is backed by every dollar minted? Investors who request that new tokens be minted are charged a certain percentage. We will pay a fee to Phemex if it wants to stamp fresh TUSD to replenish our reserves.


 

How Does TrueUSD Function?

The TrueUSD exchange rate is the same as that of USD. A dollar can be exchanged between parties from anywhere in the world and maintains an equal value with the asset it represents, the U.S. dollar. Dollars are collateralized to the full extent of the token's circulating supply.

The funds of TrustToken holders are held in multiple escrow accounts without being directly accessed by TrustToken. USD funds are distributed among various trust companies' bank accounts. This way, investors can be assured that their investments are safe and reliable

ERC20 tokens are used to represent the asset. It is secure and influenced by the Ethereum (ETH) network standards because it is built on the Ethereum (ETH) blockchain. In the same way that Ether, the world's second-largest cryptocurrency, can be traded on the Ethereum blockchain. 



 

Primary features of True USD?

Attestations are regularly published to provide better legal protection.

  • A minimum amount of $10,000 is required to redeem USD for tokens.
  • Those using collateral accounts can directly exchange USD with their collateral accounts.
  • A simple KYC/AML process provides an individual with more excellent protection.
  • There is now a US dollar backing for it.
  • A regular attestation process is conducted for escrow accounts, which is open to the public and transparent.



 

Is TrueUSD a promising cryptocurrency?

Cryptocurrency TUSD is a promising and stable nonvolatile crypto. A transparent flow of collateralization is maintained and the market increases positively. As a result, it has a positive outlook and is a good investment. In addition, since US dollars directly back the cryptocurrency, future profit returns are expected to be higher.


 

Pros & Cons of TrueUSD

Pros:-

Enhanced Legal Protection:

  • By using different escrow accounts as collateral, it provides better legal protection.

A solid foundation:

  • By doing this, traders are protected from price manipulation and provided solid ground for trading.

Backed and stable:

  • True USD is backed directly by USD and is very stable.

 

Cons:-

Withdrawal Limits:

  • Withdrawing tokens requires a minimum amount of $10,000, which is exorbitant.

It is moderately to highly competitive:

  • Cryptocurrencies like this are available in many markets, adding to their popularity.



 

TrueUSD (TUSD) Token Metrics:
 

Token Name:  

TrueUSD


 

Ticker:TUSD
24h volume:$ 32.19 million ($ 32,189,714)
Market cap:$ 504.13 million ($ 504,129,130)
Fully diluted market cap:$ 6.07 million ($ 6,070,586)
Circulating supply:503.76 million TUSD (503,756,543.54 TUSD)
Total supply:503.76 million TUSD (503,756,543.54 TUSD)
Smart contract address:0x9879aBDea01a879644185341F7aF7d8343556B7a
Ethereum contract address:0x0000000000085d4780B73119b644AE5ecd22b376
Issuance blockchains:Ethereum, Fantom, Polygon



 

Where is the TrueUSD (TUSD) coin available?

TrueUSD (TUSD) is available on a variety of cryptocurrency exchanges. The list of quick, secure, and easy exchanges is listed below.

  • KuCoin
  • BitFinex
  • Bittrex
  • Huobi
  • MEXC


You can check the whole list of exchanges here to buy TrueUSD (TUSD).
 

By exchanging TUSD against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, TrueUSD can be earned or received in various ways. TUSD considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the TUSD, including TUSD to PHP, TUSD to INR, TUSD to NGN, TUSD to THB, TUSD to CAD, TUSD to PKR, TUSD to IDR , TUSD to EUR , TUSD to AUD , TUSD to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.

Would you like to know how many cryptocurrencies 1 TUSD is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can compare and check any crypto pairs like AGIX to TUSD, FET to TUSD, OXAI to TUSD, SAND to TUSD, GRT to TUSD, JASMY to TUSD, CAKE to TUSD, LUNC to TUSD.

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How much is a one TrueUSD worth now?

The current price of the TrueUSD(TUSD) is $1.00, with a current market cap $947,568,421.18.

What is the TrueUSD stock symbol or ticker?

TUSD is a ticker symbol of the TrueUSD.

How many TUSD coins are there in circulation?

At the movement,948.01M TrueUSD tokens are already in the market out of 948.01M TUSD.

How can I invest in TrueUSD?

There are many options for buying crypto, and TrueUSD can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy TrueUSD. It's a quick, easy, and secure way to buy TrueUSD(TUSD).

Is TrueUSD a stablecoin?

Yes,It is a stablecoin.

What was the lowest price for TrueUSD?

TrueUSD had an all-time low of $0.92.

What was the Highest price for TrueUSD?

TrueUSD had an all-time low of $0.92.

Who is the Founder of TrueUSD?

Danny An is the founder of the TrueUSD(TUSD) blockchain.

How old is TrueUSD?

TrueUSD was created on 05 March 2018.

Can TrueUSD be mined?

No, the TrueUSD (TUSD) coin cannot be mined.


TUSD Price Statistics

TrueUSD Price Today

TUSD Price

$1.00

Percentage Change ( 24h )

0.02%

$0.00144
24h High / Low

$1.00 /

$1.00

Trading Volume 24h

$46,455,332.17

Volume / Market Cap

0.04903

Market Dominance

0.09%

Market Rank

54

Market Cap

$947,568,421.18

Fully Diluted Market Cap

$947,568,421.18

All Time High

$1.36

26.71%
All Time Low

$0.92

8.95%
Circulating Supply

948,011,250 TUSD

Total Supply

948,011,250 TUSD

Max Supply

N/A