TUSD

TUSD

TrueUSD
$1.00
+0.06%
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  • Market Cap
    $139,648,944
  • 24h Vol (Global)
    ฿24,147 ($201,810,224)
  • Circulating Supply
    139,328,488
  • Issue Date
    2018-03-31
  • Issue Price
    -
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
-139,328,4882018-03-31-POW1
etherscan.io
2
trivial.co
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
139,328,488Ethashhttps://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
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
Binance’s Stablecoin is now Approved by the NYDFS
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
Crypto Exchange Binance Abruptly Removes Dozens of Crypto Pairs
2019-10-01
Binance Announces Coin Cull, Delists Stablecoin Pairs
2019-09-30
Binance Upgrades Deposits and Withdrawals for BTCB, USDSB and TUSDB
2019-09-27
Binance.US officially launches, introduces fiat on-ramp and opens deposits for Cardano, Basic Attention Token, Ethereum Classic, Stellar and 0x
2019-09-23
Singapore-Based Crypto Exchange Set to Offer Loans in BTC, ETH, XRP, and USDT
2019-09-23
Binance.US Trading Starts Tomorrow Supporting Seven Cryptocurrencies – With 18 More Under Consideration
2019-09-23
Half of all Tether trading volume happens on one obscure exchange
2019-09-20
Germany Passes Bill to Block Parallel Currency
2019-09-18
Binance’s push to capture the cryptocurrency derivatives and futures market
2019-09-02
Money Lego: Compound Finance Is a Growing Hit in Ethereum DeFi
2019-09-02
Samsung, Farmarket and 70+ Builders Support More Cryptos As No-Coiners Dismiss Bitcoin
2019-09-02
Dash Community Q&A – August 2019
2019-09-01
Samsung S10 Receives Stablecoin Support Ahead of dApp Network Rollout
2019-08-30
Samsung Galaxy S10 Now Supports Stablecoins: TrueUSD, Maker, USD Coin
2019-08-30
Bitcoin is on Samsung Galaxy S10 Already, Another 32 Cryptos Supported
2019-08-30
Binance Expands Tether (USDT) Pairs, Prepares Passive Income Surprise
2019-08-26
Binance to Launch US Platform Soon, Helped by a Little-Known Partner
2019-08-21
Huobi's Multi-Currency Wallet Adds Support for EOS-Based Stablecoin EOSDT
2019-08-19
Binance’s bold move to usurp US cryptocurrency exchanges
2019-08-12
Binance US Considering 30 Cryptocurrencies Ahead of Launch
2019-08-10