TrueUSD
TUSD
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TrueUSD Info
TrueUSD Team
Individuals
OrganizationsTrueUSD Intro
TrueUSD(TUSD) is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar (USD). So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 12 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon.
TrueUSD is attested to in real-time by an independent, industry-specialized accounting firm in the U.S., to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. With the integration of Chainlink PoR, TrueUSD becomes the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability.
TUSD is granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica, a country in the Caribbean, effective on October 7th 2022.Since BUSD was sanctioned in March 2023, in order to protect the rights and interests of BUSD holders, Binance has begun to promote TUSD, including free handling fees for pending orders, increasing popular trading pairs of TUSD, and users can hold TUSD to participate in the launchpool, which also makes TUSD The market value of TUSD has grown rapidly and has now surpassed BUSD.
In 2024, TrueUSD (TUSD) has continued to strengthen its position as a USD-backed stablecoin known for its commitment to transparency and regulatory compliance. With a 1:1 USD backing, TUSD's reserves are now subject to daily attestations by Moore Hong Kong, which collaborates with The Network Firm in the U.S. to provide real-time reserve data for added security and trust. This approach assures users that the stablecoin’s circulating supply is fully collateralized, with information updated live through Chainlink’s Proof of Reserves (PoR) mechanism.
Above are only for introduction, not intended as investment advice.
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Q&A about TrueUSD Tokenomics
Explore the tokenomics of TrueUSD (TUSD) and review the project details below.
What is the allocation for TrueUSD (TUSD)?
TUSD does not have an initial allocation.
What is the supply schedule for TrueUSD (TUSD)?
TUSD is a stablecoin. When users purchase TUSD from TrustToken, the company will deposit the corresponding amount of US dollars in its bank account, and then issue the corresponding amount of TUSD on the blockchain. On the other hand, when users want to exchange TUSD for US dollars, they can send TUSD to TrustToken Company. The company will withdraw the corresponding amount of US dollars from its bank account for the user, and then destroy/burn the corresponding amount of TUSD.
Now the Circulating Supply of TUSD means the difference between TUSD mint and burn, you can find the latest amount on https://tusd.io
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TrueUSD(TUSD) is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar (USD). So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 12 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon.
TrueUSD is attested to in real-time by an independent, industry-specialized accounting firm in the U.S., to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. With the integration of Chainlink PoR, TrueUSD becomes the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability.
TUSD is granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica, a country in the Caribbean, effective on October 7th 2022.Since BUSD was sanctioned in March 2023, in order to protect the rights and interests of BUSD holders, Binance has begun to promote TUSD, including free handling fees for pending orders, increasing popular trading pairs of TUSD, and users can hold TUSD to participate in the launchpool, which also makes TUSD The market value of TUSD has grown rapidly and has now surpassed BUSD.
In 2024, TrueUSD (TUSD) has continued to strengthen its position as a USD-backed stablecoin known for its commitment to transparency and regulatory compliance. With a 1:1 USD backing, TUSD's reserves are now subject to daily attestations by Moore Hong Kong, which collaborates with The Network Firm in the U.S. to provide real-time reserve data for added security and trust. This approach assures users that the stablecoin’s circulating supply is fully collateralized, with information updated live through Chainlink’s Proof of Reserves (PoR) mechanism.
Above are only for introduction, not intended as investment advice.