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.

<h3>What Is TrueUSD (TUSD)?<br>&nbsp;</h3><p><strong>In early 2018, TUSD was launched as a stablecoin.</strong></p><p>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.<br>&nbsp;</p><p>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.</p><p><br>&nbsp;</p><h3>How TrueUSD (TUSD) works?</h3><p>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.</p><p>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.</p><p>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.</p><p>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.</p><p>TUSD will be pegged to the dollar when traders buy and sell TrustToken at 1:1, allowing for natural arbitrage opportunities.</p><p><br><br>&nbsp;</p><h3>Who Is Behind TUSD?</h3><p>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.</p><p>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.<br><br>&nbsp;</p><h3><strong>Founders of TrueUSD</strong></h3><p>A San Francisco-based exchange, TrustToken, issued the asset, backed by various assets and easily traded worldwide. On the TrustToken platform, TUSD represents the first stablecoin.</p><p>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.</p><p>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 to hedge against the volatile market.</p><p><br>&nbsp;</p><h3>Is TUSD Compliant With Governments?</h3><p>Cash reserves back a few crypto stablecoins; 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).</p><p>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.</p><p>TUSD and other stablecoins are 100% protected by USD reserves in TrueCoin LLC's bank accounts through a collaboration with Cohen &amp; CO, a major US-based accounting firm. In addition to TAUD, TGBP, and TCAD, the company issues other stablecoins with the same financial backing.</p><p>The question arises: 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.</p><p><br>&nbsp;</p><h3>How Does TrueUSD Function?</h3><p>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.</p><p>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</p><p>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.&nbsp;<br><br>&nbsp;</p><h4>Primary features of True USD?</h4><p>Attestations are regularly published to provide better legal protection.</p><ul><li>A minimum amount of $10,000 is required to redeem USD for tokens.</li><li>Those using collateral accounts can directly exchange USD with their collateral accounts.</li><li>A simple KYC/AML process provides an individual with more excellent protection.</li><li>There is now a US dollar backing for it.</li><li>A regular attestation process is conducted for escrow accounts, which is open to the public and transparent.</li></ul><p><br>&nbsp;</p><h4><strong>Is TrueUSD a promising cryptocurrency?</strong></h4><p>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.</p><p><br>&nbsp;</p><p><strong>Pros &amp; Cons of TrueUSD</strong></p><h4>Pros:-</h4><p><strong>Enhanced Legal Protection:</strong></p><ul><li>Using different escrow accounts as collateral, it provides better legal protection.</li></ul><p><strong>A solid foundation:</strong></p><ul><li>By doing this, traders are protected from price manipulation and provided solid ground for trading.</li></ul><p><strong>Backed and stable:</strong></p><ul><li>True USD is backed directly by USD and is very stable.</li></ul><h3>&nbsp;</h3><h4>Cons:-</h4><p><strong>Withdrawal Limits:</strong></p><ul><li>Withdrawing tokens requires a minimum amount of $10,000, which is exorbitant.</li></ul><h3>&nbsp;</h3><p><strong>It is moderately to highly competitive:</strong></p><ul><li>Cryptocurrencies like this are available in many markets, adding to their popularity.</li></ul><p><br><br>&nbsp;</p><p><strong>TrueUSD (TUSD) Token Metrics:</strong><br>&nbsp;</p><figure class="table"><table><tbody><tr><td>Token Name:&nbsp;&nbsp;</td><td>TrueUSD</td></tr><tr><td>Ticker:</td><td>TUSD</td></tr><tr><td>24h volume:</td><td>$ 32.19 million ($ 32,189,714)</td></tr><tr><td>Market cap:</td><td>$ 504.13 million ($ 504,129,130)</td></tr><tr><td>Fully diluted market cap:</td><td>$ 6.07 million ($ 6,070,586)</td></tr><tr><td>Circulating supply:</td><td>503.76 million TUSD (503,756,543.54 TUSD)</td></tr><tr><td>Total supply:</td><td>503.76 million TUSD (503,756,543.54 TUSD)</td></tr><tr><td>Smart contract address:</td><td>0x9879aBDea01a879644185341F7aF7d8343556B7a</td></tr><tr><td>Ethereum contract address:</td><td>0x0000000000085d4780B73119b644AE5ecd22b376</td></tr><tr><td>Issuance blockchains:</td><td>Ethereum, Fantom, Polygon</td></tr></tbody></table></figure><p><br><br>&nbsp;</p><h4>Where is the&nbsp;TrueUSD (TUSD) coin available?</h4><p><strong>TrueUSD (TUSD)</strong> is available on a variety of cryptocurrency exchanges. The list of quick, secure, and easy exchanges is listed below.</p><ul><li>KuCoin</li><li>BitFinex</li><li>Bittrex</li><li>Huobi</li><li>MEXC</li></ul><p><br>You can check the whole&nbsp;<strong>list of exchanges</strong> here to buy&nbsp;<strong>TrueUSD (TUSD)</strong>.<br>&nbsp;</p>

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TrueUSD (TUSD) 30 Days Historical Price Data

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