Market Cap
24h Vol
5704
Cryptocurrencies
54.95%
Bitcoin Share
TrueUSD Rank 100
Website Twitter
512,201,533 TUSD

TrueUSD
TrueUSD
TUSD

TrueUSD Price
$1.00

TrueUSD 24h Vol
$37,119,806

TrueUSD Market Cap
$511,911,671

24h Vol
662 BTC
1 H
-0.03 %
24 H
-0.02 %
7 d
0.02 %
Today TrueUSD price in US dollars is currently 0.9994 USD, and if converted to Bitcoin is 0.00001783 BTC. A total of 512,201,533 TUSD are currently circulating in the Market. TrueUSD price is currently experiencing a change of -0.02 %, and check here all cryptocurrency. Over the past 24 hours 0.371 M US dollars TrueUSD have been traded on Crypto Exchanges. Get TrueUSD's progress by adding it to your favourites and creating a free portfolio.
Full Name
TrueUSD
Symbol
TUSD
Algorithm
BTC Price
0.00001783 BTC
BTC Market
9,131 BTC
BTC 24h Vol
662 BTC
Total Coins Mined
512,201,533 TUSD
1h
-0.03 %
24h
-0.02 %
7d
0.02 %
Twitter
Facebook
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Description

Description


TrueUSD, part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin pegged to the value of USD. In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company. The contents of said bank accounts are published every day and are subject to monthly audits. 

If someone wants to obtain TrueUSD through the online application, they will need to pass a KYC/AML check. Once that’s complete, they can send USD to one of TrueUSD’s trust company partners. Once the funds are verified by the trust company, their API will instruct the TrueUSD smart contract to issue tokens on a 1 to 1 ratio and to send them to the Ethereum address associated with the account at hand.

Once in the wallet, the tokens can be transferred to a friend or used as payment, combining the advantages of fiat (stability and trust) with those of cryptocurrencies (reduced fees and transfer times). The user can also redeem real US Dollars by sending the TUSD tokens back to the smart contract address, which will notify the trust company, and initiate a bank transfer to the user’s account.

Full Name True USD (TUSD)
Start Date N/A
Algorithm N/A
Proof Type N/A
Website https://www.trueusd.com/
Twitter @TrustToken
Facebook https://www.facebook.com/TrustToken/
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 512,201,533 TUSD
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
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