TUSD

TUSD

TrueUSD
$1.00
+0.13%
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  • Market Cap
    $203,990,689
  • 24h Vol (Global)
    ฿943 ($10,555,835)
  • Circulating Supply
    203,929,510
  • Issue Date
    2018-03-31
  • Issue Price
    -
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
-203,929,5102018-03-31-POW1
etherscan.io
2
trivial.co
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
203,929,510Ethashhttps://github.com/trusttoken-https://www.trusttoken.com/TOKEN

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 escrow account is verified by an independent third-party accountant that publishes monthly attestation reports. 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.

Teams
    Tory Reiss

    Tory Reiss

    Co-Founder

    I've already worn many hats in my early career and don't doubt that my wardrobe has much expanding left to go. I've been incredibly fortunate to work with some brilliant minds in companies large (>128,000) and small (<10) and found a strength in my ability to build systems and teams, bring out the best in others, and learn + adapt quickly.

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    Rafael Cosman

    Rafael Cosman

    COFOUNDER & HEAD OF ENGINEERING AND PRODUCT

    Co-Founder of StreetCode Academy - Raised $1mm+ for Stanford students to teach high-quality tech education programs for thousands of youth of color. Co-Founder of One Salon (onesalon.org) - An open community of doers and makers meeting weekly in 17 cities across 4 continents. Co-Founder of HackSphere - A private, digital community of 200+ Stanford and MIT engineers for hacking the world.

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    Danny An

    Danny An

    Co-Founder & CEO

    Danny graduated from The University of Texas at Austin, he worked as product manager in PwC for one year, He managed 7 developers to create data applications across consulting engagements in a data science R&D branch.

    More
Introduction

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 escrow account is verified by an independent third-party accountant that publishes monthly attestation reports. 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.

Social Media
News
TrustToken Launches TUSD on Binance DEX, Four Stablecoins Set to Follow in “Coming Weeks”
2019-08-08
Users Will Soon Be Able to Monitor TrueUSD Reserves in Real-Time
2019-03-07
Nearly Everyone Flocks to Ethereum to Issue Crypto Tokens
2020-05-12
Crypto Listing and Delisting Announcements: Week 19
2020-05-11
Platform Review: 1xBit Blockchain Expo Europe 2020 #CoinsGang Program Asia Crypto Week TOKEN 2049 Blockchain Life 2020
2020-05-09
Crypto Listing and Delisting Announcements: Week 18
2020-05-04
Crypto Listing and Delisting Announcements: Week 17
2020-04-27
Finance 2.0 Glimpses the Event Horizon as China Launches Digital Yuan
2020-04-20
Tether Market Cap Soars $2B Since March — Biggest Monthly Inflow Ever
2020-04-16
ShapeShift Acquires Portis, McAfee's New Coin, Coincheck Re-arrest + More News
2020-04-14
Voyager Onboards 40,000 Circle Invest Customers
2020-04-04
Crypto Listing and Delisting Announcements: Week 12
2020-03-23
Binance stablecoin’s exponential growth shows crypto investors are flocking for safety
2020-03-17
Stablecoins Gain Market Share Amid Crypto Bloodbath
2020-03-16
Demand for 'Internet Dollars' to Increase - Circle CEO; Not All Celebrate
2020-03-16
Circle’s USD Coin Sees Major Growth After Market Downturn
2020-03-15
Tether Looks to Catch Up in DeFi With Aave Integration
2020-03-10
After Tether, USDC dominates stablecoins with a $452 million market cap
2020-03-03
‘Digileaker’ Claims to Have Stolen KYC Documents for 8,000 Digitex Users
2020-02-29
Crypto Payments Provider Partners With Travala Bookings Platform
2020-02-27
Dmitry Bondar: If There Is Time to Be Afraid of CBDCs, It Is Better to Spend It on Preparation
2020-02-18
“Every Asset Class Will Be Digitized and Tokenized,” Says Cred Co-Founder
2020-02-10
Huobi Announces Institutional-Grade Digital Asset Brokerage Platform at Davos 2020
2020-01-22
Huobi Debuts Crypto Brokerage as Its Institutional Arm Grows 400% Since Q3 2019
2020-01-21
Gemini Launches Captive Insurance Company + More News
2020-01-16
Binance Launches 1:1 Conversion Function for Selected Stablecoins Into BUSD
2020-01-16
What Is Stablecoin?
2020-01-15
Snapshot of Stablecoin Performance – Tether, USD Coin, Dai: CoinGecko Report
2020-01-13
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2020-01-06
OKEx Debuts Dai Stablecoin Staking Bonus as Tether Dwarfs Volumes
2019-12-17
Payments Platform ‘Adds Utility’ to EOS by Integrating Coin Into Services
2019-12-14
Steps to Mass Adoption: Crypto PoS Terminals by 2020
2019-12-06
Human Rights Foundation: Stablecoin Privacy Is ‘Extremely Lackluster’
2019-11-22
Abra Expands to 96 Crypto Assets for US Owners
2019-11-13
Abra Adding 60 New Cryptocurrencies in Consumer Adoption Push: Report
2019-11-12
Investment App Abra Expands US Offerings With 60 New Cryptos
2019-11-12
Canadian Blockchain Firm Launches USD-Pegged Stablecoin CUSD
2019-11-11
Binance Adds 12 New Crypto Assets to US Exchange, VeChain (VET) Surges After Gaining Support
2019-11-07
Crypto Analyst Says $1 Million Bitcoin Call ‘Massively Over-Hyped’ – Plus Ripple and XRP, Litecoin Updates
2019-11-06
Crypto Over Cash: Meet the New Asset Class Expanding Across the Global Stage
2019-10-31
Genesis Clocks Quarterly Surge in Cash and Stablecoin Lending
2019-10-30
Binance Reintroduces Dash (DASH), ZCash (ZEC) to US Trading
2019-10-21
Altcoins with $1 Billion Market Cap Now a Rarity
2019-10-21
Bitcoin is approaching $1 billion in all-time transaction fees, $15 billion in miner fees
2019-10-15
How Severe Is Roche Freedman’s Lawsuit Against Tether and Bitfinex?
2019-10-11
Fiat-Backed Stablecoins ⁠— Attempt to Take the Best of Both Worlds
2019-10-06
Coinbase Offers Interest for Storing USDC
2019-10-03
New Stablecoin Proposed by Former TrustToken, JP Morgan, IBM Team Members
2019-10-02
Global Currency Organization Launching Revenue-Sharing Stablecoin USDD
2019-10-02
JPMorgan, Intel Alums Launch Revenue-Sharing Stablecoin USDD
2019-10-01