TrueUSD Rank 47
$1.002275
TrueUSD Rank 47
Website Twitter
133,459,113 TUSD

TrueUSD
TrueUSD
TUSD

TrueUSD Price
$1.00

TrueUSD 24h Vol
$805,075,675

TrueUSD Market Cap
$133,762,712

24h Vol
90,721 BTC
1 H
-0.35 %
24 H
0.19 %
7 d
0.15 %
Today TrueUSD price in US dollars is currently 1.00 USD, and if converted to Bitcoin is 0.00011294 BTC. A total of 15,073 coin's are currently circulating in the Market. TrueUSD prices are currently experiencing a change of 0.19 %, check all cryptocurrency. Over the past 24 hours 8.051 M US dollars TrueUSD has been traded on Crypto Exchanges. Get TrueUSD's progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
TrueUSD
Symbol
TUSD
Algorithm
ETH Token
BTC Price
0.00011294 BTC
BTC Market
15,073 BTC
BTC 24h Vol
90,721 BTC
Total Coins Mined
133,459,113 TUSD
1h
-0.35 %
24h
0.19 %
7d
0.15 %
Twitter
Website
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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.


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