TrueUSD Price (TUSD)

TrueUSD (TUSD) is a fiat-backed stablecoin designed to maintain a 1:1 ratio with the U.S. dollar (USD). It distinguishes itself as the first digital asset to implement live, on-chain attestations by independent third-party institutions, ensuring transparency and verifying that its USD reserves match the circulating token supply. These attestations are conducted in real-time by a specialized accounting firm based in the U.S. TrueUSD also integrates Chainlink Proof of Reserve technology, further enhancing transparency and reliability. As of March 2023, approximately 2 billion TUSD were in circulation, with its supply expanding based on market demand.

TrueUSD operates by maintaining a direct 1:1 peg with the U.S. dollar, achieved through real-time attestations from independent third-party institutions. These attestations are conducted by a U.S.-based accounting firm specializing in verifying that the USD reserves match the number of TUSD tokens in circulation. Additionally, Chainlink Proof of Reserve is integrated to secure the minting process and further ensure transparency. As an ERC-20 token, TUSD relies on the Ethereum blockchain, and its transaction fees are subject to fluctuations in Ethereum gas prices, which can impact transaction costs during periods of network congestion.

TrueUSD serves as a reliable, transparent stablecoin with multiple applications in the digital finance ecosystem. It offers users a stable medium for trading, transferring, and storing value without the volatility associated with other cryptocurrencies. TUSD can facilitate seamless transactions in decentralized finance (DeFi), provide liquidity for exchanges, and enable efficient market participation. The absence of minting and redemption fees makes TUSD a cost-effective option for users seeking stable and transparent digital assets. It also serves as a flexible tool for hedging against market volatility and participating in cross-border transactions.

TrueUSD was launched by TrustToken with the goal of making finance more transparent and accessible. It became the first USD-pegged stablecoin to implement real-time attestations for its reserves, verified by independent third-party institutions. Over time, TrueUSD expanded its reach, becoming available on multiple public blockchains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. In October 2022, TrueUSD achieved a significant milestone by being recognized as a digital currency in the Commonwealth of Dominica, reflecting its growing acceptance and credibility within the global financial ecosystem.

We update our TrueUSD to USD currency in real-time. Get the live price of TrueUSD on Coinbase.

The current market cap of TrueUSD is $495.00M. A high market cap implies that the asset is highly valued by the market.

The all-time high of TrueUSD is $1.36. This all-time high is highest price paid for TrueUSD since it was launched.

Over the last 24 hours, the trading volume of TrueUSD is $54.48M.

Assets that have a similar market cap to TrueUSD include dogwifhat, Ronin, MultiversX, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of TrueUSD is 496 million.