Convert USDC to TrueUSD Price Calculator & usdc vs. tusd Comparison

With the ever-fluctuating cryptocurrency market, keeping track of real-time prices between USDC and TrueUSD can be challenging. Our dedicated USDC to TrueUSD price converter & calculator makes this task seamless and straightforward. Whether you're an investor, trader, or crypto enthusiast, leverage our tool to get the latest conversion rates of usdc vs. tusd. Stay ahead of the market and make informed decisions by accessing the most up-to-date data at your fingertips

1 USDC (usdc) == 0.99966586634654 TrueUSD (tusd).
Rate : 0.99966586634654

USDC (usdc) Price: 0.999266$
TrueUSD (tusd) Price: 0.9996$

Comparison and Review: USDC vs. TrueUSD

Introduction

In this article, we will compare and review two popular stablecoins: USDC (USD Coin) and TrueUSD. Both tokens aim to provide a stable value by being backed by the US dollar. They are built on the Ethereum platform and have gained significant adoption in the cryptocurrency industry.

USDC (USD Coin)

USDC is a stablecoin that is fully collateralized with the US dollar. It serves as a bridge between traditional dollars and trading on cryptocurrency exchanges. USDC is built on the CENTRE technology, which enables the exchange of value between individuals, businesses, and financial institutions. The goal of USDC is to create a more inclusive global economy by removing economic borders.

TrueUSD

TrueUSD (TUSD) is the first stablecoin that offers live on-chain attestations by independent third-party institutions. It is backed 1:1 with the US dollar and has been listed on numerous trading platforms. TrueUSD is live on multiple mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. The token is regularly audited by specialized accounting firms to ensure the 1:1 ratio between its USD reserve and circulating token supply.

Comparison

Market Cap Rank

USDC currently holds the 6th position in terms of market capitalization, indicating its widespread adoption and usage. On the other hand, TrueUSD is ranked 26th, which still reflects a significant market presence but is relatively lower compared to USDC.

Price Change Percentage (30d)

In the past 30 days, USDC has experienced a positive price change of 6%. This indicates some level of stability and growth in its value. On the contrary, TrueUSD has shown a slightly negative price change of -0.20129%. Although the change is marginal, it suggests a relatively steadier value compared to other volatile cryptocurrencies.

Categories

Both USDC and TrueUSD fall under the categories of USD stablecoins and stablecoins in general. However, USDC has a broader presence within various ecosystems like Ethereum, Solana, Harmony, and more. TrueUSD also has a notable presence in ecosystems such as Ethereum, Harmony, Near Protocol, and others, but its reach is relatively limited compared to USDC.

Additional Features

TrueUSD stands out with its on-chain attestations by independent third-party institutions. This feature adds an extra layer of trust and transparency to the token, as it ensures real-time verification of its USD backing. TrueUSD is also recognized as an authorized digital currency and medium of exchange in the Commonwealth of Dominica. USDC, on the other hand, emphasizes its role as a bridge between traditional finance and the cryptocurrency ecosystem.

Conclusion

Both USDC and TrueUSD offer stablecoin solutions backed by the US dollar. USDC has gained more widespread adoption and maintains a higher market capitalization rank. TrueUSD, however, offers unique features like on-chain attestations and statutory recognition in the Commonwealth of Dominica. Ultimately, the choice between these stablecoins depends on individual preferences and the specific use cases required.