TrueUSD (TUSD) - A Stablecoin Backed by the US Dollar
TrueUSD (TUSD) is a stablecoin that is backed 1:1 with the US dollar (USD). It is the first digital asset to have live on-chain attestations by independent third-party institutions, ensuring the 1:1 ratio of its USD reserve to the circulating token supply and a 100% collateral rate. TUSD provides users with the stability of a fiat currency while leveraging the benefits of blockchain technology.
Key Information:
- Symbol: TUSD
- Name: TrueUSD
- Asset Platform: Ethereum
- Market Cap Rank: 26
- Price Change Percentage (30 Days): 26%
- Website: https://tusd.io/
- Listed Exchanges: Binance, BingX, Bitget, BitMart, Phemex, Gate.io, Coinsbit, LATOKEN, Bitrue, WhiteBIT, LocalTrade, XT.COM, Pancakeswap V3 (BSC), Tidex, Huobi, QMall, KuCoin, ProBit Global, Bitso, SouthXchange, TokoCrypto, Nominex, MEXC, HitBTC, FMFW.io, Curve (Ethereum), Bitinka.com, Poloniex, Upbit, Uniswap V2 (Ethereum), Changelly PRO, Kraken
Description:
TUSD is a stablecoin that has gained significant popularity in the cryptocurrency market. It has been listed on more than 100 trading platforms, including Binance and Huobi. In addition, it is live on 12 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon.
TrueUSD stands apart from other stablecoins due to its live on-chain attestations by independent third-party institutions. This provides transparency and assurance to users that the USD reserve is equal to the circulating token supply and maintains a 100% collateral rate. The integration of Chainlink Proof of Reserve further enhances the security and reliability of TrueUSD.
TrueUSD has received recognition and regulatory approval. It is granted statutory status as an authorized digital currency and medium of exchange in the Commonwealth of Dominica, effective as of October 7th, 2022.
Frequently Asked Questions (FAQ):
1. How is TrueUSD different from other stablecoins?
TrueUSD is the first stablecoin to have live on-chain attestations by independent third-party institutions, ensuring transparency and a 1:1 ratio of its USD reserve to the circulating token supply.
2. Which trading platforms can I use to buy/sell TrueUSD?
TrueUSD is listed on more than 100 trading platforms, including Binance, Huobi, Kraken, and Poloniex.
3. Is TrueUSD regulated?
TrueUSD has gained statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica.