TrueUSD (TUSD)
| Market Cap | $847,071,732 |
|---|---|
| Trading Volume | $40,587,692 |
| Volume / Market Cap | 0.0479 |
| Total Supply | 846,731,441 TUSD |
| Max Supply | – |
TrueUSD is currently trading at $1.0002, after a price change of 0.05% in the last 24 hours.
Ranked as cryptocurrency #47 by capitalization today, TUSD market cap is valued at $847,071,732. TUSD trading volume reached $40,587,692 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on TUSD coin price prediction page.
What is TrueUSD?
TrueUSD is a fully-collateralized, transferable, and programmable fiat-pegged stablecoin issued on Ethereum and BNB Chain. The token is backed by USD funds held in the escrow accounts at a 1:1 ratio. The issuing company, TrustToken, has no direct access to the funds. TUSD is distributed through smart contracts, but minting and burning processes are implemented by TrustToken protocol.
TrueUSD is secured by the proof-of-reserves model that relies on constant audits. The protocol’s real-time audits are done in partnership with banks and fiduciaries, where the fiat collateral is held. The audits check data from Etherscan against that from the bank APIs.
There are 1.43 billion circulating TUSD from an aggregate supply of 1,428,957,132. TUSD has no hard cap since the tokens are only minted on depositing fiat currency. On redeeming the TUSD, a user sends TUSD to an account run by TrustToken, where they will be burned and a transfer of fiat currency made to the user’s bank account. TUSD supply is controlled only by TrustToken.
TUSD is issued by Trust Token protocol, an entity co-founded by Rafael Cosman. The token was introduced in 2018.