TrueUSD (TUSD)
Marketcap Ranking
Market Price (24h change)
Total Market Cap
2.6
-
info_outline What is TrueUSD
4.1
Short 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 escrow account is verified by an independent third-party accountant that publishes monthly attestation reports. 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.
Introduction Video
Stablecoins Explained - Tether vs TrueUSD vs DAI - MACD Crypto Strategy [Trading Tip] | Crypto Love
Signals: https://www.crypto-love.com/signalprofits Telegram: https://www.crypto-love.com/telegram Shirts: https://www.crypto-love.com/shop Training: ...
www.trueusd.com
TUSD
Websitemore_vert
Organization: WhoisGuard, Inc.
Name: WhoisGuard Protected
Country: PA
City: Panama
Zipcode:
Address: P.O. Box 0823-03411
Mail: abuse@namecheap.com
Creation date: 2005-06-21
Expiration date: 2020-06-21
Nameserver: KIP.NS.CLOUDFLARE.COM
attach_money Product Analysis
4.3
Whitepaper
TrueUSD claim to be a stablecoin that you can redeem 1-for-1 for US dollars.
file_downloadOpen Whitepaper
Close Competitors
- 1.)
Digix Gold Token
Every DGX = 1 Gram of gold. You can own, save and transact Gold in tokenised form - keeping secure private ownership of your digital assets.
- 2.)
Tether
Tether (USDT) is a cryptocurrency with reference to fiat currencies that is issued by Tether Limited Company. Using the technology of Blockchain, Tether allows the users to keep, send and receive digital tokens pegged to dollars, euros and yens*. *1USDT =/= 1USD - according to ToS (Terms-of-service) of Tether Limited Company - Tether tokens are not money, although they are backed by the currency used to purchase them at issuance. Currently Tether operates on a several blockchain platforms: Omni, Ethereum, TRON, Algorand, EOS.
- 3.)
Dai
Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.
Product analysis
The exact founding date of TrueUSD is unfortunately not that clear.
Its source code was released publicly on github on December 2017
under the MIT License license.
Organization wise, TrueUSDs Development is Centralized
and is being developed under the lead of Danny An.
The consensus on which the TrueUSD network is run is called POW, while
the underlying algorithm is called Ethash.
In the current state of TrueUSD currently is Working product
group Community Analysis
2.6
Communities & Events
There is no official TUSD-subreddit yet
| view_list Subreddit |
| person Subscribers |
| directions_run Active Users |
| create Daily Posts |
| speaker_notes Daily Comments |
TrueUSD (TUSD) is the first independently-verified digital asset fully collateralized by US Dollars - and this is our community Telegram!
| view_list TrustToken Channel |
| person 2,986 Members |
| directions_run 204 Online |
Official Twitter account for TrueUSD
| view_list @TrustToken Channel |
| person 12,053 Followers |
| 11.18.2019 00:29 | Ahead of tax season, the IRS has already sent over 10,000 letters to cryptocurrency holders, alerting them they may be subject to penalties, fines, or an audit. IRS Says ‘Dozens’ of New Crypto, Cybercriminals Are Identified https://t.co/XlPNczyNSZ via @technology https://t.co/ReVTVfppxS | 9 favorite |
| 11.16.2019 20:15 | Gregory Klumov, founder and chief executive officer of Stasis, the company behind EURS, a stablecoin pegged to the euro, offers his thoughts on the future of stablecoins. Stablecoins: Popularized by Facebook, Pilloried by Regulators https://t.co/OvcFHrUPMq via @markets https://t.co/Xn4NIbdjfj | 18 favorite |
| 11.15.2019 20:15 | After sharply rejecting support for Facebook's Libra, Twitter CEO Jack Dorsey invests in Coinlist, which helps startups raise funding through token sales. Bitcoin Advocate Jack Dorsey Backs Crypto Startup CoinList https://t.co/Hy00o8Mnfc via @WSJ https://t.co/exlVh2A0Dk | 26 favorite |
| 11.15.2019 00:29 | Cryptocurrency is on the rise in the US, with approximately 36.5 million people in the United States own some form of crypto to date. Number of Americans Owning Crypto Doubled in 2019 https://t.co/dBFtRXnild via @Cointelegraph https://t.co/S4zM8u8qpM | 41 favorite |
| 11.13.2019 16:21 | Cryptocurrency job searches are going down, but job listings are on the rise and TrustToken is hiring! To apply, visit https://t.co/twIMiSX3SG What the bitcoin job market looks like in 2019 (and beyond) https://t.co/QcOsKVSjE5 via @beseenintech https://t.co/iuAZJxNka0 | 15 favorite |
| 11.12.2019 22:48 | We're thrilled to work with Qume as a partner! "We chose TrustToken as one of our partners due to their immaculate track record of having the necessary safeguards in place for us to feel secure with our funds." Why We Chose TrustToken https://t.co/kzLh0g1dlg via @qumeofficial https://t.co/uQyjwh1sil | 23 favorite |
| 11.12.2019 20:15 | The IRS Continues to crack down on individuals using cryptocurrency to avoid paying taxes. Stay informed to understand how to stay compliant when tax season arrives in 2020. IRS Discovers New Ways to Catch Cryptocurrency Tax Evaders https://t.co/m8oLNHxCuT via @beincrypto https://t.co/HfdUStCK7p | 13 favorite |
| 11.12.2019 17:57 | Congrats @TomaszZack and @ELRypto, @ethwaterloo2 finalists & recipients of the @TrustToken $TCAD grand prize! https://t.co/yQq5OpaXhH https://t.co/SzjnmYlPOp | 31 favorite |
| 11.11.2019 21:50 | We're celebrating $TUSD #stablecoin listing with Qume's #crypto exchange in a #GIVEAWAY! 🎉 💰The Prize💰 1. $100 in $TUSD 2. $100 in $BTC To Enter 📲 Follow @TrustToken & @QumeOfficial ♻️ Retweet 👨👧👦 Tag 3 Friends 🏆Winner 11/17 post 🇸🇬 Singapore #TheCapital #BlockshowAsia https://t.co/5IcxXFzBoA | 962 favorite |
| 11.11.2019 16:21 | "Stablecoins are cryptocurrencies designed specifically to prevent big changes in their value, usually by tying themselves to another asset, like the U.S dollar or gold." What Are Stablecoins, and Are They Safer than Bitcoin? https://t.co/vOeFDT1Rhy via @MakeTechEasier https://t.co/MIzaIYZwm9 | 15 favorite |
There are no events for TrueUSD in the next 3 Months
Google Trends Analysis
The Google Trends chart displays the search interest on google in TrueUSD
relative to its peak over the last year. A rising chart shows growing interest int he project.
code Development Analysis
1.1
Github Analysis
Code Updates (Commits)
Every change to the codebase of TrueUSD is registered
as a commit. More active projects have many commits, dead projects nearly none.
Code line changes (+/-)
Extending a project results in many new lines of code. Changing existing code results
in nearly the same amount of additions and deletions. Projects that are growing show
a large number of code additions with relatively few deletions.
Programming languages
Repository Numbers
| star 121 Stars |
| remove_red_eye 20 Watchers |
| usb 44 Forks |
| sync_problem 16 Open Issues |
| border_color 0 Comment Coverage |
| lock_open MIT License License |
attach_money Price Analysis
3.9
Price Prediction
Predicted USD Market Price in 24h
Predicted USD Market Price in 14d
Converter TUSD - USD
Convert between TUSD and USD with the live TrueUSD prices, aggregated from all big exchanges that trade TrueUSD.
Market insights
Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.
account_circle Team Analysis
4.8
Team
Lead
Tory Reiss -
Co-founder
I've already worn many hats in my early career and don't doubt that my wardrobe has much expanding left to go. I've been incredibly fortunate to work with some brilliant minds in companies large (>128,000) and small (<10) and found a strength in my ability to build systems and teams, bring out the best in others, and learn + adapt quickly.
supervisor_accountSocial Network Links
Members (19)
launchcompare_arrows Exchanges
Markets
| # | Exchange | Pair | Price | 24h Volume | Trusted | |
|---|---|---|---|---|---|---|
| # 1 |  | Binance | TUSD/BTC | $ 1.012408 | $ 1,670,240 | check |
| # 2 | | Binance | TUSD/USDT | $ 1.014546 | $ 1,299,227 | check |
| # 3 | | Binance | TUSD/ETH | $ 1.011394 | $ 451,263 | check |
| # 4 | | Binance | TUSD/XRP | $ 1.011714 | $ 146,834 | check |
| # 5 | | Binance | TUSD/BCH | $ 1.015283 | $ 137,013 | check |
| # 6 | | Binance | TUSD/BNB | $ 1.016110 | $ 131,212 | check |
| # 7 | | Binance | TUSD/LTC | $ 1.011566 | $ 109,768 | check |
| # 8 |  | Bittrex | TUSD/BTC | $ 1.012916 | $ 94,326 | check |
| # 9 | | Binance | TUSD/TRX | $ 1.012727 | $ 89,926 | check |
| # 10 | | Binance | TUSD/ALGO | $ 1.018980 | $ 80,653 | check |
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