Rank #52

image TrueUSD TUSD

$1.001 -0.22%
All Time High All Time Low
$1.62September 16, 2022 $0.88355September 16, 2022
Market Cap $1,069,975,379.00
Total Volume $191,723,584.00
Fully Diluted Valuation $
Circulating Supply 1,070,120,508
Total Supply 1,070,120,508
Max Supply 0

TrueUSD Price Chart (TUSD)

TUSD Price Today

TrueUSD price today is $1.001 with a 24-hour trading volume of $191,723,584.00. TUSD price is down $-0.22228% in the last 24 hours. It has a circulating supply of 1,070,120,508 TUSD coins and a total supply of 1,070,120,508.

What Is TrueUSD (TUSD)?

TrueUSD provides its token holders regular attestations of escrowed balances, full collateral, and also the legal protection against misappropriating underlying USD. The team believes that TrueUSD will be able to come up with the stable trading instrument for the traders of cryptocurrency that has been long-awaited. This will allow the businesses and consumers to use the digital currency as a medium of an exchange. The goal of the TrueUSD team was to build a coin that is stable and which can be used and trusted by them too. TrustToken is a platform that creates the tokens backed by assets that can easily be purchased and sold all around the world. The first asset token of TrustToken is TrueUSD, which is a stable coin and can be redeemed 1-for-1 for US dollars. TrustToken have partnered with registered fiduciaries and banks for holding the funds securely backed by TrueUSD tokens. To increase the amount of security, fiduciaries, and banks directly handle all the funds. Escrowed funds do not give access to the TrueUSD system. TrueUSD works with various trust companies which already manage around billions of dollars. Just pass an AML/KYC check, send USD to a trust company with an agreement of escrow. When the funds get verified, their API tells the smart contract of TUSD to mint an equal amount of TUSD to your public Ethereum address. The USD funds are regularly verified in scheduled attestations by a very much trusted auditing firm. USD funds are kept safely in a third party account, that is escrow accounts, wherein TrustToken does not hold any direct access to the funds and cannot abscond with them even if they wish to. The token burning and minting system makes sure that every TUSD token is backed by 1 USD. A mandatory check of AML/KYC makes sure that TUSD keeps shady people away from the entire project. TUSD makes faster transactions in low transaction fees. Even though TUSD is a unique offering, it is most likely overshadowed by its bigger competitors - Tether. While TUSD arguably offers more security and features, it may be losing the marketing battle. This is not to say that the situation will remain the same. With more crypto investors joining the market every day, the good times for TUSD may be on their way.

TrueUSD Questions & Answers

What is TrueUSD Price Today?
TrueUSD price today is $1.001
What was the highest price for TrueUSD?
TrueUSD hit an all time high of $1.62 on September 16, 2022
What was the lowest price for TrueUSD?
TrueUSD had an all time low of $0.88355 on September 16, 2022
What was the 24 hour trading volume of TrueUSD?
The 24 hour trading volume of TrueUSD is $191,723,584.00
Where can TrueUSD be traded?
You can trade TrueUSD on following exchanges.

Popular trading pairs for Bitcoin in the market includes TUSD,USDT


TUSD Price Statistics

Last Updated September 16, 2022 05:30 AM EDT
TrueUSD Price Today $1.001
Market Cap $1,069,975,379.00
Market Cap Rank 52
Fully Diluted Valuation $
Total Volume $191,723,584.00
24h High $1.01
24h Low $0.995762
24h Change $-0.0022295301195185
24h Change% -0.22228%
Market Cap Change $-1209595.1559402
Market Cap Change% -0.11292%
Circulating Supply 1,070,120,508
Total Supply 1,070,120,508
Max Supply 0
All Time High $1.62Sep 16, 2022
All Time Low $0.88355Sep 16, 2022

TrueUSD Trading Exchanges

Exchange Trust Score