TUSD

TUSD

TrueUSD
$1.00
+0.17%
Trade Now
Edit
  • Market Cap
    $220,695,414
  • 24h Vol (Global)
    ฿3,290 ($33,832,179)
  • Circulating Supply
    220,298,876
  • Issue Date
    2018-03-31
  • Issue Price
    -
  • 1m
  • 5m
  • 15m
  • 30m
  • 1h
  • 2h
  • 4h
  • 6h
  • 12h
  • 1d
  • 1w
Indicators
TradingView is loading…
  • Details
  • Rating
  • Market
  • Trades
Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
-220,298,8762018-03-31-POW1
etherscan.io
2
trivial.co
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
220,298,876Ethashhttps://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.

    More
    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.

    More
    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
Huobi Announces New Stablecoin
2019-07-17
Chainalysis: The Startup Which Became the Accidental Winner of Crypto
2019-07-17
Market Maker Altonomy Raises $7M in Funding Round Led by Polychain Capital
2019-07-16
Tether Stablecoin: Can the Crypto Market Live Without It?
2019-07-04
Interview with MARKET Protocol, dYdX’s CFL Integration, and New Launch Kit UIs
2019-07-03
First Stablecoin Trading Pair Goes Live on Binance DEX
2019-06-24
KuCoin Lists Binance Coin, Supports Binance Chain Projects
2019-06-19
Five Ways to Trade Stablecoins
2019-06-17
The Ecom Platform Born to Simplify the Operation with Cryptos
2019-06-17
New Cryptocurrencies on 1xBit: Stablecoins Coming Soon!
2019-06-14
Dash is now available on the Crypto.com Wallet & Card App.
2019-06-12
TrustToken Partners With Binance to Enable In-Exchange TUSD Minting and Redeeming
2019-06-06
OKEx Sister Firm OKLink to Launch USD-Pegged Stablecoin USDK
2019-06-03
Globalcoin: Everything We Know About Facebook’s Cryptocurrency
2019-05-29
Gemini Dollar stablecoin circulating supply mysteriously plummets as Huobi balances disappear
2019-05-28
Hodler’s Digest, May 20–26: Top Stories, Price Movements, Quotes and FUD of the Week
2019-05-26
Crypto Derivatives Platform Vows to Tackle Socialized Losses Seen on Other Exchanges
2019-05-24
USD Stablecoins Hit Spot Trading Volume Record Highs, With USDT Still Dominating Market
2019-05-22
Crypto Exchange Seed CX Adds Support for Three Stablecoins
2019-05-16
Reserve CEO Predicts Central Banks Will Tokenize, Still Room for Stablecoins
2019-05-15
Bank of France Is Closely Watching Stablecoin Developments, Says Governor
2019-05-14
When the Dust Settles: The Bitfinex Probe Reveals Structural Weaknesses
2019-05-12
Maker’s Dai approaches $1 peg following aggressive interest rate hikes and Tether fallout
2019-05-06
When Tether Warnings Are Marketing Tools
2019-05-02
TrustToken Launches Stablecoin Backed by Canadian Dollar
2019-05-01
MyCryptoCheckout Announces Unique Fiat Autosettlement Feature
2019-04-30
Tether and Bitcoin prices diverge on exchanges following fraud investigation
2019-04-29
Mutual Owners, Mutual Funds: What We Know About the Bitfinex/Tether Scandal
2019-04-27
$10 Million in Paxos Stablecoins Printed Overnight Following Tether Allegations
2019-04-26
How Crypto Markets Are Reacting to the Tether-Bitfinex Allegations
2019-04-26
Tether Drama Increased Demand for Other Stablecoins
2019-04-25
TrustToken to Release Four New Stablecoins This Year
2019-04-24
Blockchain Intelligence Firm Chainalysis Expands Monitoring Tools to Cover 10 Cryptos
2019-04-24
TrustToken Launches AUD-Backed Stablecoin With 3 More to Follow
2019-04-24
Chainalysis Adds Real-Time Transaction Monitoring for 4 More Cryptos
2019-04-24
Eidoo: charity for Notre-Dame with Helperbit and Aidcoin
2019-04-17
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
TrueUSD Audit Shows Full US Dollar Backing
2019-04-09
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
Why Binance, the World’s Biggest Crypto Exchange, Is Enthusiastic About Stablecoins
2019-04-02
TrustToken Unveils TrueGBP, A British Pound Stablecoin
2019-04-02
A16z-Backed TrustToken Launches Stablecoin Pegged to UK Pound
2019-04-02
Decentralized Platform Launches New Features as Demand for Crypto Lending Increases
2019-04-01
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