Cryptocurrencies: 2564 / Markets: 17849 Market Cap: 24h Vol:
True USD (TUSD) Rank 36
$1.005973
True USD (TUSD) Rank 36
Website Twitter
198,259,911 TUSD

True USD (TUSD)
True USD (TUSD)
TUSD

True USD (TUSD) Price
$1.01

True USD (TUSD) 24h Vol
$92,849,354

True USD (TUSD) Market Cap
$199,444,116

True USD (TUSD) Circulating
198,259,911

Full Name
True USD (TUSD)
Symbol
TUSD
Algorithm
BTC Price
0.000184233700 BTC
BTC Market
36,526 BTC
BTC 24h Vol
17,004 BTC
Total Coins Mined
198,259,911 TUSD
1h
-0.08 %
24h
0.02 %
7d
-0.31 %

Charts



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.

Full Name True USD (TUSD)
Start Date N/A
Algorithm N/A
Proof Type N/A
Website https://www.trueusd.com/
Twitter @TrustToken
Facebook https://www.facebook.com/TrustToken/
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 198,259,911 TUSD
Previous Total Coins Mined N/A
Net Hashes Per Second N/A