TUSD
TrueUSD Rank 123
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Twitter
495,701,484 TUSD
Buy / Sell
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TrueUSD
TrueUSD Price $ 0.9973
$ 0.9973
TrueUSD 24h Vol
$34,893,825
$34,893,825
TrueUSD Market Cap $494,352,634
$494,352,634
24h Vol
574 BTC 1 H
0.01 %
24 H
-0.09 %
7 d
-0.02 %
Today TrueUSD price in US dollars is currently
0.9973
USD, and if converted to Bitcoin is
0.00001641
BTC. A total of 495,701,484 TUSD are currently circulating in the Market. TrueUSD price is currently experiencing a change of -0.09 %, and check here all cryptocurrency. Over the past 24 hours 0.349 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
0.00001641 BTC
BTC Market
8,133 BTC
BTC 24h Vol
574 BTC
Total Coins Mined
495,701,484 TUSD
1h
0.01 %
24h
-0.09 %
7d
-0.02 %
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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.
