About TrueUSD
TUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar (USD). So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 12 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by an independent, industry-specialized accounting firm in the U.S., to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. With the integration of Chainlink PoR, TrueUSD becomes the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability. Users can access the relevant data via the official website tusd.io at any time. TUSD is granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica, a country in the Caribbean, effective on October 7th 2022.
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Trading Insights
Searched
6
Market Stats
Market Cap
$490.64M
-0%
FDV
$490.64M
Circ. Supply
496M TUSD
Max Supply
Not enough data
Total Supply
496M TUSD
Diluted Valuation
$490.82M
Performance
Popularity
Not enough data
Dominance
0.02%
Volume (24H)
$45.96M
-5.38%
Volume (7D)
$398.69M
Volume (30D)
$1.69B
All time high
$1.36
Price Change (1Y)
-0.72%
Additional info about TrueUSD
Recent trends
The latest TUSD price is $0.99. Compared to TrueUSD's value of $0.99 from 24 hours ago, there's been a -0% decrease, while the current price is -1% down from $1.00 which was recorded one week ago. TrueUSD's all time high is $1.36, which was reached on May 16, 2018. This is a -27% change from its price today.
The market cap is currently $490.64M, which is a result of multiplying the current price of TrueUSD($0.99) by the total supply(495,516,083 TUSD). The fully diluted valuation of TrueUSD is $490.64M. The diluted valuation of TrueUSD is $490.64M.
Market details
TUSD vs markets
↘ 28.37%
TUSD vs BTC
↘ 37.4%
TUSD vs ETH
↗ 30.27%
Tags
store-of-value
stablecoin
asset-backed-stablecoin
usd-stablecoin
+2
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x0000000000085d4780B73119b644AE5ecd22b376 | |
Avalanche C-Chain | 0x1C20E891Bab6b1727d14Da358FAe2984Ed9B59EB | |
BNB Smart Chain | 0xtUSdb-888 | |
BNB Smart Chain | 0x14016E85a25aeb13065688cAFB43044C2ef86784 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.99 | ↘ 0.04% |
1 Day | $0.99 | ↘ 0.09% |
1 Week | $1.00 | ↘ 0.89% |
1 Month | $1.00 | ↘ 0.83% |
1 Year | $1.00 | ↘ 0.72% |
FAQ
TrueUSD (TUSD) is a fiat-backed stablecoin designed to maintain a 1:1 ratio with the U.S. dollar (USD). It distinguishes itself as the first digital asset to implement live, on-chain attestations by independent third-party institutions, ensuring transparency and verifying that its USD reserves match the circulating token supply. These attestations are conducted in real-time by a specialized accounting firm based in the U.S. TrueUSD also integrates Chainlink Proof of Reserve technology, further enhancing transparency and reliability. As of March 2023, approximately 2 billion TUSD were in circulation, with its supply expanding based on market demand.
TrueUSD operates by maintaining a direct 1:1 peg with the U.S. dollar, achieved through real-time attestations from independent third-party institutions. These attestations are conducted by a U.S.-based accounting firm specializing in verifying that the USD reserves match the number of TUSD tokens in circulation. Additionally, Chainlink Proof of Reserve is integrated to secure the minting process and further ensure transparency. As an ERC-20 token, TUSD relies on the Ethereum blockchain, and its transaction fees are subject to fluctuations in Ethereum gas prices, which can impact transaction costs during periods of network congestion.
TrueUSD serves as a reliable, transparent stablecoin with multiple applications in the digital finance ecosystem. It offers users a stable medium for trading, transferring, and storing value without the volatility associated with other cryptocurrencies. TUSD can facilitate seamless transactions in decentralized finance (DeFi), provide liquidity for exchanges, and enable efficient market participation. The absence of minting and redemption fees makes TUSD a cost-effective option for users seeking stable and transparent digital assets. It also serves as a flexible tool for hedging against market volatility and participating in cross-border transactions.
TrueUSD was launched by TrustToken with the goal of making finance more transparent and accessible. It became the first USD-pegged stablecoin to implement real-time attestations for its reserves, verified by independent third-party institutions. Over time, TrueUSD expanded its reach, becoming available on multiple public blockchains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. In October 2022, TrueUSD achieved a significant milestone by being recognized as a digital currency in the Commonwealth of Dominica, reflecting its growing acceptance and credibility within the global financial ecosystem.
We update our TrueUSD to USD currency in real-time. Get the live price of TrueUSD on Coinbase.
The current market cap of TrueUSD is $490.64M. A high market cap implies that the asset is highly valued by the market.
The all-time high of TrueUSD is $1.36. This all-time high is highest price paid for TrueUSD since it was launched.
Over the last 24 hours, the trading volume of TrueUSD is $45.96M.
Assets that have a similar market cap to TrueUSD include Compound, Brett (Based), Helium, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of TrueUSD is 496 million.
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TrueUSD news
Trending articles
Social stats
Popularity in posts
#1048
Contributors
68
Posts
86
% About TrueUSD
0.034%
Hold times
0 days
X (Twitter)
34.63% bullish
Sentiment
3.8 ★
Highlights
68 unique individuals are talking about TrueUSD and it is ranked #1,048 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, TrueUSD has an average sentiment score of 76 out of 5. Finally, TrueUSD is becoming less newsworthy, with 0 news articles published about TrueUSD.
On Twitter, people are mostly neutral about TrueUSD. There were 34.9% of tweets with bullish sentiment compared to 0.8% of tweets with a bearish sentiment about TrueUSD. 65.1% of tweets were neutral about TrueUSD. These sentiments are based on 30 tweets.
On Reddit, TrueUSD was mentioned in 54 Reddit posts and there were 69 comments about TrueUSD. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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