TrueUSD
TUSD Rank 102 Rank 102
$0.999224 (+0.04%)

TrueUSD TUSD price:

$0.999224 (+0.04%)
1h-0.02%
24h+0.04%
Week+0.09%
Month+0.24%
Year+0.39%
ETH 0.000492 (+1.35%)
BTC 0.000015 (+1.29%)
$0.994765 24h Range $1.003209
The live TrueUSD price today is $0.999224, with a 24-hour trading volume of $14,843,247.21. TUSD has changed +0.04% in the last 24 hours.

TrueUSD (TUSD) Metrics

Basic info
Source code
Asset type
Contract Address
Explorers
Market Cap Rank 102
$495,217,017.00 BTC 7,349.00
All Time High
$1.36 16 May 18 % to ATH (36.64%)
Volume (24h) Rank 188
$14,843,247.21 BTC 220.27
Circulating Supply
Update supply form
495,601,553 Total:495,601,553

TrueUSD Price Chart Live

Price Chart

Zoom:
Price change:
High: Low:
real time price:
For more data check CoinPaprika API

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 $1 827 432.56. 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 $14,843,247.21 , showing a 7.23% 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 ~26.81% below its ATH and has appreciated +7% from its ATL.

What's TrueUSD's current market capitalization?

TrueUSD's market cap is approximately $495 217 017.00, 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 0.09%, outperforming the overall crypto market which posted a 1.13% decline. This indicates strong performance in TUSD's price action relative to the broader market momentum.

News All News

Education All Education

TrueUSD Basics

Development status Working product
Org. Structure Centralized
Open SourceYes
Consensus Mechanism Not mineable
Algorithm None
Hardware wallet Yes
Tags
  • Stablecoin (178)
  • Ethereum (ETH) Token (ERC-20) (13346)
  • Smart Contracts (579)
  • Binance Coin (BNB) Token (BEP-20) (13886)
  • TRON (TRX) Token (318)
  • Huobi ECO Chain (HECO) Token (111)
  • Fantom (FTM) Token (342)
  • Avalanche (AVAX) Token (616)
  • Polygon (MATIC) Token (1472)
  • Arbitrum Ecosystem (840)
Blog
Facebook

Similar Coins

TrueUSD Team

Name
Position
Other
Rafael Cosman
CTO & Co-Founder
-
Charles Christofilis
Director of Compliance
-
Al-Husein Madhany
Executive Business Partner
-

TrueUSD Exchanges

TrueUSD Markets

By Volume
All CEX DEX
* Price / Volume Excluded - Outlier detected
** Volume Excluded - markets with no fees and transaction mining
*** Volume Excluded - no fresh data from exchange API

Other coins worth interest - similar to TrueUSD

Top coins with TRON (TRX) Token Tag
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
3 Tether Tether USDT $177 489 705 861 $1.000391 $49 885 465 916 177,420,277,588
Tether 7d price chart+0.04%
85 USDD USDD USDD $755 285 406 $1.000030 $2 779 704 755,262,622
USDD 7d price chart+0.01%
106 JUST JUST JST $458 938 477 $0.046357 $21 005 794 9,900,000,000
JUST 7d price chart+9.17%
124 Wrapped TRX Wrapped TRX WTRX $380 992 535 $0.284917 $26 048 611 1,337,204,833
Wrapped TRX 7d price chart+0.54%
129 BitTorrent BitTorrent BTT $351 027 966 $0.000000 $24 231 934 987,037,885,840,675
BitTorrent 7d price chart+3.85%
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
6 USDC USDC USDC $75 296 648 392 $1.000362 $11 906 326 702 75,269,407,379
USDC 7d price chart0.00%
23 Chainlink Chainlink LINK $5 719 155 994 $9.12 $380 139 115 626,849,970
Chainlink 7d price chart+5.98%
27 Binance Bitcoin Binance Bitcoin BTCB $4 923 708 716 $67 348.43 $71 054 998 73,108
Binance Bitcoin 7d price chart0.00%
34 Shiba Inu Shiba Inu SHIB $3 530 086 492 $0.000006 $113 502 517 589,264,883,286,605
Shiba Inu 7d price chart-4.08%
35 Dai Dai DAI $3 329 366 690 $1.000042 $1 024 347 010 3,329,226,824
Dai 7d price chart-0.04%
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
23 Chainlink Chainlink LINK $5 719 155 994 $9.12 $380 139 115 626,849,970
Chainlink 7d price chart+5.98%
41 Uniswap Uniswap UNI $2 324 384 083 $3.87 $179 562 488 600,425,074
Uniswap 7d price chart+13.98%
83 Filecoin Filecoin FIL $768 020 796 $1.017631 $118 710 145 754,714,582
Filecoin 7d price chart+10.68%
132 APENFT APENFT NFT $334 613 105 $0.000000 $15 574 992 999,990,000,000,000
APENFT 7d price chart-2.04%
248 Synthetix Network Synthetix Network SNX $117 304 694 $0.345556 $17 605 941 339,466,216
Synthetix Network 7d price chart-1.34%
Top coins with Polygon (MATIC) Token Tag
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
3 Tether Tether USDT $177 489 705 861 $1.000391 $49 885 465 916 177,420,277,588
Tether 7d price chart+0.04%
6 USDC USDC USDC $75 296 648 392 $1.000362 $11 906 326 702 75,269,407,379
USDC 7d price chart0.00%
14 Wrapped Liquid Staked Ether 2.0 Wrapped Liquid Staked Ether 2.0 WSTETH $8 847 986 993 $2 488.37 $13 290 451 3,555,731
Wrapped Liquid Staked Ether 2.0 7d price chart+3.86%
15 Wrapped Bitcoin Wrapped Bitcoin WBTC $8 818 443 266 $67 225.02 $284 607 758 131,178
Wrapped Bitcoin 7d price chart+0.14%
18 WETH WETH WETH $7 637 540 371 $2 028.08 $946 814 244 3,765,896
WETH 7d price chart+3.72%
Top coins with Fantom (FTM) Token Tag
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
15 Wrapped Bitcoin Wrapped Bitcoin WBTC $8 818 443 266 $67 225.02 $284 607 758 131,178
Wrapped Bitcoin 7d price chart+0.14%
18 WETH WETH WETH $7 637 540 371 $2 028.08 $946 814 244 3,765,896
WETH 7d price chart+3.72%
23 Chainlink Chainlink LINK $5 719 155 994 $9.12 $380 139 115 626,849,970
Chainlink 7d price chart+5.98%
35 Dai Dai DAI $3 329 366 690 $1.000042 $1 024 347 010 3,329,226,824
Dai 7d price chart-0.04%
139 Curve DAO Token Curve DAO Token CRV $311 026 625 $0.251656 $47 273 549 1,235,921,337
Curve DAO Token 7d price chart+3.67%
Top coins with Avalanche (AVAX) Token Tag
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
3 Tether Tether USDT $177 489 705 861 $1.000391 $49 885 465 916 177,420,277,588
Tether 7d price chart+0.04%
6 USDC USDC USDC $75 296 648 392 $1.000362 $11 906 326 702 75,269,407,379
USDC 7d price chart0.00%
15 Wrapped Bitcoin Wrapped Bitcoin WBTC $8 818 443 266 $67 225.02 $284 607 758 131,178
Wrapped Bitcoin 7d price chart+0.14%
18 WETH WETH WETH $7 637 540 371 $2 028.08 $946 814 244 3,765,896
WETH 7d price chart+3.72%
23 Chainlink Chainlink LINK $5 719 155 994 $9.12 $380 139 115 626,849,970
Chainlink 7d price chart+5.98%
Top coins with Arbitrum Ecosystem Tag
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
3 Tether Tether USDT $177 489 705 861 $1.000391 $49 885 465 916 177,420,277,588
Tether 7d price chart+0.04%
6 USDC USDC USDC $75 296 648 392 $1.000362 $11 906 326 702 75,269,407,379
USDC 7d price chart0.00%
14 Wrapped Liquid Staked Ether 2.0 Wrapped Liquid Staked Ether 2.0 WSTETH $8 847 986 993 $2 488.37 $13 290 451 3,555,731
Wrapped Liquid Staked Ether 2.0 7d price chart+3.86%
15 Wrapped Bitcoin Wrapped Bitcoin WBTC $8 818 443 266 $67 225.02 $284 607 758 131,178
Wrapped Bitcoin 7d price chart+0.14%
17 Usds Usds USDS $7 890 303 228 $1.000197 $142 867 096 7,888,752,944
Usds 7d price chart-0.03%
Top coins with Smart Contracts Tag
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
2 Ethereum Ethereum ETH $244 403 840 865 $2 029.49 $16 594 660 323 120,426,316
Ethereum 7d price chart+3.84%
4 BNB BNB BNB $87 729 068 451 $630.31 $1 636 456 957 139,184,442
BNB 7d price chart+3.68%
7 Solana Solana SOL $49 314 551 020 $86.71 $2 874 772 757 568,749,977
Solana 7d price chart+4.38%
8 TRON TRON TRX $24 608 973 256 $0.284947 $450 512 838 86,363,298,503
TRON 7d price chart+0.56%
11 Cardano Cardano ADA $11 055 917 829 $0.287525 $570 217 865 38,451,959,435
Cardano 7d price chart+4.96%
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
3 Tether Tether USDT $177 489 705 861 $1.000391 $49 885 465 916 177,420,277,588
Tether 7d price chart+0.04%
6 USDC USDC USDC $75 296 648 392 $1.000362 $11 906 326 702 75,269,407,379
USDC 7d price chart0.00%
9 Lido Staked Ether Lido Staked Ether STETH $19 855 122 346 $2 027.19 $24 515 209 9,794,399
Lido Staked Ether 7d price chart+3.83%
14 Wrapped Liquid Staked Ether 2.0 Wrapped Liquid Staked Ether 2.0 WSTETH $8 847 986 993 $2 488.37 $13 290 451 3,555,731
Wrapped Liquid Staked Ether 2.0 7d price chart+3.86%
15 Wrapped Bitcoin Wrapped Bitcoin WBTC $8 818 443 266 $67 225.02 $284 607 758 131,178
Wrapped Bitcoin 7d price chart+0.14%
Top coins with Stablecoin Tag
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
3 Tether Tether USDT $177 489 705 861 $1.000391 $49 885 465 916 177,420,277,588
Tether 7d price chart+0.04%
6 USDC USDC USDC $75 296 648 392 $1.000362 $11 906 326 702 75,269,407,379
USDC 7d price chart0.00%
17 Usds Usds USDS $7 890 303 228 $1.000197 $142 867 096 7,888,752,944
Usds 7d price chart-0.03%
24 Ethena USDe Ethena USDe USDE $5 421 778 302 $1.000410 $120 042 943 5,419,558,970
Ethena USDe 7d price chart+0.05%
35 Dai Dai DAI $3 329 366 690 $1.000042 $1 024 347 010 3,329,226,824
Dai 7d price chart-0.04%