TrueUSD
TUSD
Trade TrueUSD on DEX
TrueUSD can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.
TrueUSD is only supported on a DEX. Additional fees will apply. Coinbase is not responsible for activity or assets traded on a DEX. Learn more.
About TrueUSD
TrueUSD is a stablecoin running on Ethereum that attempts to maintain a value of US$1.00. The supply of TUSD is collateralized by US dollars held in escrow by banks. Tokens can be purchased and redeemed for US dollars on the TrustToken website.
TrueUSD (TUSD) is a digital asset that strives to maintain a 1:1 ratio with the U.S. dollar (USD). It is the first digital asset to feature live on-chain attestations by independent third-party institutions, ensuring the 1:1 ratio of its USD reserve to the circulating token supply. This attestation process is carried out in real-time by an industry-specialized accounting firm in the U.S. TrueUSD is also the first USD-Backed stablecoin to integrate Chainlink Proof of Reserve, aiming to enhance its transparency and reliability. As of March 2023, there were approximately 2 billion TUSD in circulation. As a stablecoin, the supply of TUSD is uncapped and expands according to demand.
TrueUSD operates on the principle of striving to maintain a 1:1 ratio with the U.S. dollar. This is achieved through real-time attestations by independent third-party institutions, aiming to ensure the transparency and reliability of the token. The attestation process is carried out by an industry-specialized accounting firm in the U.S. TrueUSD also integrates Chainlink Proof of Reserve to secure minting and further aim to ensure transparency. The security of the TrueUSD network is primarily related to the ERC-20 standard tokens, which can be affected by high transaction fees if gas prices on the Ethereum blockchain spike.
TrueUSD aims to provide a reliable and transparent fiat-backed stablecoin that can be used in various financial contexts. It offers convenience and utility in trading and transfers, providing users with flexibility and accessibility. With billions of dollars' worth of TUSD traded daily, it aims to provide liquidity, providing users with various transaction possibilities for seamless transactions and efficient market participation. TrueUSD does not charge any fees for its minting and redemption, making it a cost-effective option for users.
TrueUSD was launched by TrustToken with the mission to make finance open and accessible to all. It was the first USD-pegged stablecoin to deploy real-time attestations for its underlying reserves by independent third-party institutions. Over the years, TrueUSD has become available on various platforms and is live on several mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. In October 2022, TrueUSD was recognized as a digital currency in the Commonwealth of Dominica, a country in the Caribbean.
Get up to $200 for getting started
Earn free crypto after making your first purchase. Terms apply.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Market
Market stats
$503.0M
$61.3M
503.8M TUSD
$1.36
Market performance
0%
-0.03%
-0.13%
-0.06%
-0.15%
-0.14%
Related Assets
Discover conversions
A selection of conversions from different assets to top cryptocurrencies.
A selection of conversions for different assets and currencies.
BICO - RSD
BICONOMY (BICO) - Serbian Dinar
SYN - MUR
Synapse - Mauritian Rupee
XTZ - SEK
Tezos - Swedish Krona
GLM - GBP
Golem - British Pound
ALICE - CDF
MyNeighborAlice - Congolese Franc
FX - KZT
Function X - Kazakhstani Tenge
EGLD - DZD
MultiversX - Algerian Dinar
TIA - IMP
Celestia - Isle of Man Pound
WAMPL - YER
Wrapped Ampleforth - Yemeni Rial
CVC - ALL
Civic - Albanian Lek
TNSR - NZD
Tensor - New Zealand Dollar
ABT - MWK
Arcblock - Malawian Kwacha
Trending assets
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
Popular cryptocurrencies
A selection of cryptocurrencies in the top 50 by market cap.
Comparable market cap
Of all the assets on Coinbase, these 12 are the closest to TrueUSD in market cap.
Advanced trading
Here is a selection of spot and futures markets that people watch
Discover more assets
A selection of other relevant cryptocurrencies