TUSD

TUSD

TrueUSD
$0.994100
-0.30%
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  • Market Cap
    $200,320,071
  • 24h Vol (Global)
    ฿3,597 ($18,974,573)
  • Circulating Supply
    201,508,974
  • Issue Date
    2018-03-31
  • Issue Price
    -
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
-201,508,9742018-03-31-POW1
etherscan.io
2
trivial.co
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
201,508,974Ethashhttps://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
Users Will Soon Be Able to Monitor TrueUSD Reserves in Real-Time
2019-03-07
TrueUSD Smart Contract Passes 3 Independent Security Audits
2018-12-21
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
Anchor Reveals GDP-Pegged Stablecoin On Ethereum And Stellar
2019-04-08
Returns on Crypto Assets: The Hidden Message
2019-04-07
Nitrogen Network Integrates Stablecoins on Its New Simplified Lending Dapp
2019-04-05
TrustToken Unveils TrueGBP, A British Pound Stablecoin
2019-04-02
A16z-Backed TrustToken Launches Stablecoin Pegged to UK Pound
2019-04-02
Bittrex-Backed Euro Stablecoin Can Be Staked for 8% Interest
2019-03-29
OKEx Founder Reveals OK Group’s Partnership With US Trust Firm, Plan to Launch Stablecoin
2019-03-28
TrueUSD Stablecoin Holders Can Get ‘Up to 8%’ Interest Via CredEarn
2019-03-26
Tether’s Lack of Fiat Backing Could be Catastrophic for Bitcoin, Analyzing USDT’s Troubling Terms of Service
2019-03-26
CredEarn Offers Eight Percent Interest On Unused Crypto
2019-03-26
Intercontinental Exchange Adding Long List of Cryptocurrencies to Dedicated Data Feed
2019-03-18
How Ethereum Applications Earn A+ Security Ratings
2019-03-17
Analysis: New Tether Model Could Make Prices Unstable
2019-03-15
Wanchain Will Integrate With EOS In Q2
2019-03-15
Gibraltar Blockchain Exchange Adds Five New Stable Coins
2019-03-13
TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time
2019-03-06
Huobi's Over-the-Counter (OTC) Trading Desk Adds XRP
2019-03-06
New Partnership Allows TrueUSD Traders to Audit The Coin’s Backing Assets
2019-03-05
TrueUSD Stablecoin to Add ‘Real Time’ Monitoring of Dollar Backing
2019-03-05
Tether (USDT) Moving to TRON (TRX) Blockchain
2019-03-05
You Can Soon Check TrueUSD Reserves In Real Time
2019-03-05
Binance Coin Price Surpasses $10 Again as Momentum Turns Bullish
2019-02-27
Ethereum Classic Price Gains 6% as Developers Mull ETH 2.0 Roadmap Implementation
2019-02-22
TOKEX: Crypto Exchange Platform for Selling Tokens Immediately after ICO
2019-02-20
Crypto Trader Cumberland Upgrades from Skype to Wall Street Interface
2019-02-19
Bitcoin Price Surges To $3,775 For First Time In A Month As The Market Regains $7 Billion
2019-02-18
Electroneum Price Surge Brings Value Close to 200 Satoshi Again
2019-02-08
Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse
2019-02-05
Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse
2019-02-05
Tether Steals Fourth As Crypto Markets Slump
2019-01-28
Asia Ripe for Stablecoin Adoption in 2019
2019-01-23
Who’s Left, Joined and Almost Joined Coinbase Since Its $300 Million Raise
2019-01-18
In Tether We Trust? USDT Still Dominant Stablecoin
2019-01-18
Cryptopia Alleged Hack: Police Are on the Case While Community Tracks Down Stolen Funds
2019-01-17
Game of Coins: Inside the Paxos-Gemini Stablecoin Discount War
2019-01-16
DAI – A Decentralized Opposition to the ‘Banking Cartel’ of Stablecoins Accumulates 1.7 Million Eth in Reserves
2019-01-14
Stablecoin Issuer TrustToken Adds Feature to Ease Wallet Management
2019-01-14