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trueusd  (TUSD)

TrueUSD (TUSD)

$1.00 0.0%
0.00001693 BTC -0.9%
0.00024172 ETH -5.1%
2,717 people like this
Market Cap
$1,031,138,189
24 Hour Trading Vol
$148,686,700
24h Low / 24h High
$0.992291 / $1.01
Circulating Supply
1,030,117,252 / 1,030,117,252
TUSD
USD

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TrueUSD Price and Market Stats

TrueUSD Price
TUSD Price $1.00
Market Cap $1,031,138,189
Market Cap Dominance 0.04%
Trading Volume $148,686,700
Volume / Market Cap 0.1441
24h Low / 24h High $0.992291 / $1.01
7d Low / 7d High $0.995603 / $1.00
Market Cap Rank #115
All-Time High $1.62 -38.2%
Aug 26, 2018 (over 2 years)
All-Time Low $0.883550 13.3%
Mar 12, 2020 (about 1 year)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 TUSD/USDT
$1.00
0.9988 USDT
0.01% $1,265,540 $765,950
$4,767,525.22
4770686.290 TUSD
3.21% Recently
2 TUSD/USDT
$1.00
0.9989 USDT
0.01% $956,825 $654,307
$24,738,657.24
24754245.431 TUSD
16.68% Recently
3 TUSD/USDT
$1.00
0.9989 USDT
0.04% $854,854 $883,079
$3,536,333.91
3537519.871 TUSD
2.38% Recently
4 TUSD/BUSD
$1.00
1 BUSD
0.02% $336,340 $363,455
$6,063,754.63
6068337.866 TUSD
4.08% Recently
5
MXC MXC
TUSD/USDT
$1.00
0.9991 USDT
0.16% $629,223 $172,133
$596,430.06
595776.510 TUSD
0.40% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

About TrueUSD Coin

TrueUSD price today is $1.00 with a 24-hour trading volume of $148,686,700. TUSD price is up 0.0% in the last 24 hours. It has a circulating supply of 1 Billion TUSD coins and a max supply of 1.03 Billion. VCC Exchange is the current most active market trading it.

TrueUSD provides its token holders regular attestations of escrowed balances, full collateral, and also the legal protection against misappropriating underlying USD. The team believes that TrueUSD will be able to come up with the stable trading instrument for the traders of cryptocurrency that has been long-awaited. This will allow the businesses and consumers to use the digital currency as a medium of an exchange. The goal of the TrueUSD team was to build a coin that is stable and which can be used and trusted by them too. TrustToken is a platform that creates the tokens backed by assets that can easily be purchased and sold all around the world. The first asset token of TrustToken is TrueUSD, which is a stable coin and can be redeemed 1-for-1 for US dollars. TrustToken have partnered with registered fiduciaries and banks for holding the funds securely backed by TrueUSD tokens. To increase the amount of security, fiduciaries, and banks directly handle all the funds. Escrowed funds do not give access to the TrueUSD system.

TrueUSD works with various trust companies which already manage around billions of dollars. Just pass an AML/KYC check, send USD to a trust company with an agreement of escrow. When the funds get verified, their API tells the smart contract of TUSD to mint an equal amount of TUSD to your public Ethereum address.

The USD funds are regularly verified in scheduled attestations by a very much trusted auditing firm. USD funds are kept safely in a third party account, that is escrow accounts, wherein TrustToken does not hold any direct access to the funds and cannot abscond with them even if they wish to. The token burning and minting system makes sure that every TUSD token is backed by 1 USD.

A mandatory check of AML/KYC makes sure that TUSD keeps shady people away from the entire project. TUSD makes faster transactions in low transaction fees. Even though TUSD is a unique offering, it is most likely overshadowed by its bigger competitors - Tether. While TUSD arguably offers more security and features, it may be losing the marketing battle. This is not to say that the situation will remain the same. With more crypto investors joining the market every day, the good times for TUSD may be on their way.

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