TrueUSD (TUSD) Metrics
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TrueUSD (TUSD)
What is TrueUSD?
TrueUSD (TUSD) is a stablecoin launched in 2018 by TrustToken, designed to provide a reliable digital asset pegged to the U.S. dollar. It aims to offer a stable and transparent cryptocurrency for users seeking to mitigate the volatility often associated with digital assets. TrueUSD operates as an ERC-20 token on the Ethereum blockchain, ensuring compatibility with a wide range of decentralized applications and exchanges. The primary function of TUSD is to facilitate secure and efficient transactions, acting as a medium of exchange, a store of value, and a unit of account within the digital economy. Each TUSD token is backed 1:1 by U.S. dollar reserves held in third-party escrow accounts, with regular attestations published to verify the backing. TrueUSD distinguishes itself through its focus on transparency and compliance, providing users with confidence in its stability and security. This commitment to transparency and regulation positions TUSD as a significant player in the stablecoin market, catering to traders, businesses, and individuals seeking a dependable digital currency alternative.
When and how did TrueUSD start?
TrueUSD originated in January 2018 when TrustToken, the organization behind the stablecoin, launched it as a fully-backed USD stablecoin. The project's main goal was to provide a transparent and legally protected stablecoin, with regular attestations by third-party accounting firms to verify the USD reserves backing the tokens. TrueUSD was built on the Ethereum blockchain, utilizing the ERC-20 token standard to ensure compatibility with the existing Ethereum ecosystem. The initial distribution of TrueUSD did not involve an ICO or similar fundraising event; instead, it was made available through a direct purchase mechanism, where users could acquire TrueUSD by depositing USD with the custodians. This approach aimed to ensure a stable value and liquidity from the outset, establishing a foundation for its growth and adoption in the cryptocurrency market.
What’s coming up for TrueUSD?
According to official updates, TrueUSD is preparing for several key initiatives aimed at enhancing its functionality and integration within the broader crypto ecosystem. A significant upcoming milestone is the planned integration with additional blockchain networks, which is targeted for the next quarter. This initiative aims to expand TrueUSD's interoperability and increase its utility across different platforms. Furthermore, there are ongoing efforts to improve the transparency and auditability of TrueUSD's reserves, with new auditing processes expected to be implemented by mid-next year. These developments are designed to bolster user trust and ensure the stablecoin's continued compliance with regulatory standards. Additionally, there is a focus on enhancing user experience through improved wallet features and streamlined transaction processes, with updates expected later this year. These efforts collectively aim to solidify TrueUSD's position as a reliable and versatile stablecoin within the digital currency market.
What makes TrueUSD stand out?
TrueUSD stands out due to its emphasis on transparency and regulatory compliance. It is a stablecoin backed by U.S. dollars held in escrow accounts, which are regularly audited by third-party firms to ensure the reserves match the circulating supply. This approach enhances trust and credibility in its value stability. TrueUSD operates on multiple blockchains, including Ethereum, Binance Smart Chain, and Tron, offering interoperability and flexibility in its use. The project features a straightforward minting and redemption process, enabling users to easily convert between TrueUSD and fiat currency. Additionally, TrueUSD benefits from partnerships with established financial institutions and exchanges, which bolster its liquidity and accessibility. These characteristics position TrueUSD as a reliable stablecoin option in the cryptocurrency market.
What can you do with TrueUSD?
TrueUSD (TUSD) is primarily used for facilitating transactions as a stablecoin, offering users a reliable means to send and receive value without the volatility associated with cryptocurrencies. It is commonly utilized in decentralized finance (DeFi) applications for lending, borrowing, and trading, providing a stable asset for liquidity pools and exchanges. TUSD can also be used as collateral in various DeFi protocols, allowing users to leverage their holdings for additional financial activities. Additionally, it serves as a medium of exchange for payments, enabling seamless transactions across different platforms that accept stablecoins. Developers can integrate TUSD into their applications to provide users with a stable currency option, enhancing the utility and accessibility of their services. The ecosystem supporting TrueUSD includes various wallets and exchanges that facilitate easy storage and conversion of TUSD for users.
Is TrueUSD still active or relevant?
TrueUSD remains active as of October 2023, with ongoing developments and integrations that underscore its relevance. Recent updates indicate that TrueUSD continues to be listed on major exchanges with significant trading volumes, reflecting its sustained market presence. The project is actively engaged in maintaining and updating its infrastructure, as evidenced by recent announcements and releases focused on improving stability and compliance. TrueUSD's role as a stablecoin is reinforced by its integration across various decentralized finance platforms and its use in transactions that require a stable value reference. These factors collectively demonstrate TrueUSD's ongoing activity and relevance within the cryptocurrency and stablecoin sectors.
Who is TrueUSD designed for?
TrueUSD is designed for both individual consumers and institutional users, enabling them to engage in stable, reliable transactions with minimized volatility risk. It serves as a stablecoin, pegged to the US dollar, providing a trustworthy medium of exchange and store of value. For consumers, TrueUSD offers a way to participate in the cryptocurrency market without exposure to the price fluctuations typical of other cryptocurrencies. Institutions benefit from its stability and transparency, which are crucial for accounting and financial reporting. TrueUSD supports these users with accessible tools such as APIs and wallet integrations, ensuring seamless transactions and ease of use. Secondary participants, such as liquidity providers, engage with TrueUSD by contributing to its liquidity pools, thus enhancing the overall market efficiency and stability of the ecosystem.
How is TrueUSD secured?
TrueUSD is built on the Ethereum blockchain, utilizing the ERC-20 token standard. It does not rely on its own consensus mechanism or validators, as it operates as a token on existing blockchain networks like Ethereum, which uses a Proof of Stake (PoS) consensus model. The security of TrueUSD transactions is thus inherently tied to the underlying blockchain's security protocols. TrueUSD employs standard cryptographic techniques such as ECDSA for authentication and transaction integrity. The token's value is maintained through regular attestations of USD reserves by third-party accounting firms, ensuring that each TrueUSD token is backed by a corresponding US dollar. This transparency and regular auditing act as a safeguard against fraud and mismanagement. While TrueUSD itself does not have a staking or slashing mechanism, its security benefits from Ethereum’s robust network and consensus model, which includes incentives for validators to act honestly. Additionally, TrueUSD undergoes regular audits to ensure compliance and security, enhancing trustworthiness.
Has TrueUSD faced any controversy or risks?
TrueUSD has faced regulatory and operational risks. In March 2023, the stablecoin's issuer, Prime Trust, faced regulatory scrutiny, which raised concerns about the asset's backing and compliance. The regulatory environment for stablecoins is generally uncertain, and TrueUSD is not exempt from these challenges. The team responded by emphasizing their commitment to regular audits and transparency regarding their reserves. They also assured users of compliance with legal requirements in jurisdictions where they operate. Operationally, TrueUSD, like other stablecoins, faces risks related to maintaining its peg to the U.S. dollar. The team mitigates this through regular attestations by third-party firms to verify the reserves backing the stablecoin. TrueUSD continues to address these risks by maintaining transparency and engaging with regulatory bodies to ensure compliance and stability. As with most blockchain projects, ongoing risks include market volatility and regulatory changes, which are managed by proactive engagement and adherence to best practices in transparency and auditing.
TrueUSD (TUSD) FAQ – Key Metrics & Market Insights
Where can I buy TrueUSD (TUSD)?
TrueUSD (TUSD) is widely available on centralized cryptocurrency exchanges. The most active platform is Gate, where the TUSD/USDT trading pair recorded a 24-hour volume of over $1 861 695.27. Other exchanges include BitMart and WhiteBIT.
What's the current daily trading volume of TrueUSD?
As of the last 24 hours, TrueUSD's trading volume stands at $14,961,069.48 , showing a 7.49% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What's TrueUSD's price range history?
All-Time High (ATH): $1.36
All-Time Low (ATL): $0.934734
TrueUSD is currently trading ~26.72% below its ATH
and has appreciated +7% from its ATL.
What's TrueUSD's current market capitalization?
TrueUSD's market cap is approximately $495 266 452.00, ranking it #102 globally by market size. This figure is calculated based on its circulating supply of 495 601 553 TUSD tokens.
How is TrueUSD performing compared to the broader crypto market?
Over the past 7 days, TrueUSD has gained 0.03%, outperforming the overall crypto market which posted a 0.69% decline. This indicates strong performance in TUSD's price action relative to the broader market momentum.
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TrueUSD Basics
| Development status | Working product |
|---|---|
| Org. Structure | Centralized |
| Open Source | Yes |
| Consensus Mechanism | Not mineable |
| Algorithm | None |
| Hardware wallet | Yes |
| Website | trueusd.com trusttoken.com |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (9) | etherscan.io tronscan.org bscscan.com bscscan.com |
|---|
| Tags |
|
|---|
| Blog | blog.trusttoken.com |
|---|---|
| facebook.com |
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TrueUSD Team
Loves engineering, yet believes the most scalable and leveraged impact will come from building communities. 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.
Rafael Cosman is engaged in 1 projectsTrueUSD Exchanges
TrueUSD Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to TrueUSD
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 449 708 706 | $1.000166 | $48 908 298 197 | 177,420,277,588 | |||
| 85 | USDD USDD | $755 529 236 | $1.000358 | $2 778 464 | 755,259,016 | |||
| 106 | JUST JST | $460 470 290 | $0.046512 | $21 211 369 | 9,900,000,000 | |||
| 124 | Wrapped TRX WTRX | $381 633 464 | $0.285396 | $25 911 978 | 1,337,204,833 | |||
| 129 | BitTorrent BTT | $354 567 097 | $0.000000 | $24 420 052 | 987,037,885,840,675 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $75 328 905 097 | $1.000545 | $11 121 230 866 | 75,287,886,525 | |||
| 23 | Chainlink LINK | $5 707 739 450 | $9.11 | $382 004 366 | 626,849,970 | |||
| 27 | Binance Bitcoin BTCB | $4 928 401 968 | $67 412.62 | $71 085 685 | 73,108 | |||
| 34 | Shiba Inu SHIB | $3 529 962 011 | $0.000006 | $113 419 201 | 589,264,883,286,605 | |||
| 35 | Dai DAI | $3 330 475 411 | $1.000375 | $1 036 783 980 | 3,329,226,824 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 23 | Chainlink LINK | $5 707 739 450 | $9.11 | $382 004 366 | 626,849,970 | |||
| 41 | Uniswap UNI | $2 321 237 462 | $3.87 | $182 206 902 | 600,425,074 | |||
| 83 | Filecoin FIL | $768 826 497 | $1.018699 | $120 292 082 | 754,714,055 | |||
| 132 | APENFT NFT | $334 532 477 | $0.000000 | $15 613 216 | 999,990,000,000,000 | |||
| 249 | Synthetix Network SNX | $117 971 520 | $0.347521 | $17 519 165 | 339,466,216 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 449 708 706 | $1.000166 | $48 908 298 197 | 177,420,277,588 | |||
| 6 | USDC USDC | $75 328 905 097 | $1.000545 | $11 121 230 866 | 75,287,886,525 | |||
| 14 | Wrapped Liquid Staked Ether 2.0 WSTETH | $8 841 738 698 | $2 486.62 | $13 081 335 | 3,555,731 | |||
| 15 | Wrapped Bitcoin WBTC | $8 825 328 628 | $67 277.51 | $286 021 429 | 131,178 | |||
| 18 | WETH WETH | $7 631 689 828 | $2 026.53 | $370 664 931 | 3,765,896 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 15 | Wrapped Bitcoin WBTC | $8 825 328 628 | $67 277.51 | $286 021 429 | 131,178 | |||
| 18 | WETH WETH | $7 631 689 828 | $2 026.53 | $370 664 931 | 3,765,896 | |||
| 23 | Chainlink LINK | $5 707 739 450 | $9.11 | $382 004 366 | 626,849,970 | |||
| 35 | Dai DAI | $3 330 475 411 | $1.000375 | $1 036 783 980 | 3,329,226,824 | |||
| 139 | Curve DAO Token CRV | $309 015 910 | $0.250029 | $46 898 046 | 1,235,921,337 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 449 708 706 | $1.000166 | $48 908 298 197 | 177,420,277,588 | |||
| 6 | USDC USDC | $75 328 905 097 | $1.000545 | $11 121 230 866 | 75,287,886,525 | |||
| 15 | Wrapped Bitcoin WBTC | $8 825 328 628 | $67 277.51 | $286 021 429 | 131,178 | |||
| 18 | WETH WETH | $7 631 689 828 | $2 026.53 | $370 664 931 | 3,765,896 | |||
| 23 | Chainlink LINK | $5 707 739 450 | $9.11 | $382 004 366 | 626,849,970 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 449 708 706 | $1.000166 | $48 908 298 197 | 177,420,277,588 | |||
| 6 | USDC USDC | $75 328 905 097 | $1.000545 | $11 121 230 866 | 75,287,886,525 | |||
| 14 | Wrapped Liquid Staked Ether 2.0 WSTETH | $8 841 738 698 | $2 486.62 | $13 081 335 | 3,555,731 | |||
| 15 | Wrapped Bitcoin WBTC | $8 825 328 628 | $67 277.51 | $286 021 429 | 131,178 | |||
| 17 | Usds USDS | $7 895 105 252 | $1.000805 | $157 253 660 | 7,888,752,944 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $244 535 932 105 | $2 030.59 | $16 561 035 013 | 120,426,316 | |||
| 4 | BNB BNB | $87 544 603 854 | $628.98 | $1 624 537 737 | 139,184,442 | |||
| 7 | Solana SOL | $49 102 331 818 | $86.33 | $2 894 586 771 | 568,750,007 | |||
| 8 | TRON TRX | $24 636 544 244 | $0.285266 | $450 535 296 | 86,363,298,503 | |||
| 11 | Cardano ADA | $11 071 745 019 | $0.287937 | $551 513 561 | 38,451,959,435 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 449 708 706 | $1.000166 | $48 908 298 197 | 177,420,277,588 | |||
| 6 | USDC USDC | $75 328 905 097 | $1.000545 | $11 121 230 866 | 75,287,886,525 | |||
| 9 | Lido Staked Ether STETH | $19 830 652 177 | $2 024.69 | $24 500 462 | 9,794,399 | |||
| 14 | Wrapped Liquid Staked Ether 2.0 WSTETH | $8 841 738 698 | $2 486.62 | $13 081 335 | 3,555,731 | |||
| 15 | Wrapped Bitcoin WBTC | $8 825 328 628 | $67 277.51 | $286 021 429 | 131,178 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 449 708 706 | $1.000166 | $48 908 298 197 | 177,420,277,588 | |||
| 6 | USDC USDC | $75 328 905 097 | $1.000545 | $11 121 230 866 | 75,287,886,525 | |||
| 17 | Usds USDS | $7 895 105 252 | $1.000805 | $157 253 660 | 7,888,752,944 | |||
| 24 | Ethena USDe USDE | $5 416 370 846 | $0.999412 | $118 997 932 | 5,419,558,970 | |||
| 35 | Dai DAI | $3 330 475 411 | $1.000375 | $1 036 783 980 | 3,329,226,824 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
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