3261 Cryptocurrencies
Total Market Cap $405.49B
Total Volume (24h) $7.42B

True USD True USD star

-0.0004 (-0.04%)

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.

Market Share 0.05%
Proof Type
Open $1.00
Low $1.00
High $1.00
Price in BTC 0.00009637012295 BTC
Current Supply 194,952,480 TUSD
Total Supply 9,574,114 TUSD
Market Cap $194,952,480
24h Volume (coin) 83,496 TUSD
24h Volume (currency) $83,479
24h Total volume (coin) 107,734,736 TUSD
24h Total volume (currency) $107.73M
Last Updated 2019-08-24 00:11:38 -04:00 EDT
ID Market Type Price Quantity Total
Date Price Volume (24h)

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