Cryptocurrencies: 2684 / Markets: 18641 Market Cap: 24h Vol:
True USD (TUSD) Rank 37
$0.999078
True USD (TUSD) Rank 37
Website Twitter
241,899,590 TUSD

True USD (TUSD)
True USD (TUSD)
TUSD

True USD (TUSD) Price
$ 0.9991

True USD (TUSD) 24h Vol
$183,986,002

True USD (TUSD) Market Cap
$241,676,475

True USD (TUSD) Circulating
241,899,590

Full Name
True USD (TUSD)
Symbol
TUSD
Algorithm
BTC Price
0.0001257379 BTC
BTC Market
30,416 BTC
BTC 24h Vol
23,155 BTC
Total Coins Mined
241,899,590 TUSD
1h
-0.27 %
24h
-0.10 %
7d
-0.69 %

Charts



Description

Description


TrueUSD, part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin pegged to the value of USD. In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company. The contents of said bank accounts are published every day and are subject to monthly audits. 

If someone wants to obtain TrueUSD through the online application, they will need to pass a KYC/AML check. Once that’s complete, they can send USD to one of TrueUSD’s trust company partners. Once the funds are verified by the trust company, their API will instruct the TrueUSD smart contract to issue tokens on a 1 to 1 ratio and to send them to the Ethereum address associated with the account at hand.

Once in the wallet, the tokens can be transferred to a friend or used as payment, combining the advantages of fiat (stability and trust) with those of cryptocurrencies (reduced fees and transfer times). The user can also redeem real US Dollars by sending the TUSD tokens back to the smart contract address, which will notify the trust company, and initiate a bank transfer to the user’s account.

Full Name True USD (TUSD)
Start Date N/A
Algorithm N/A
Proof Type N/A
Website https://www.trueusd.com/
Twitter @TrustToken
Facebook https://www.facebook.com/TrustToken/
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 241,899,590 TUSD
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
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