TrueUSD (TUSD)

Stablecoin that should stay at the value of 1 USD

#79

Marketcap Ranking

1.000039 (-0.2%) arrow_drop_down

Market Price (24h change)

287,445,150

Total Market Cap

2.7

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info_outline What is TrueUSD

3.7

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TrueUSD 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..

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TrueUSD Explanation Video

TRUEUSD REVIEW: Beginner's Explained - TrueUSD Altcoin | ICO REVIEW

TRUEUSD REVIEW: Beginner's Explained - TrueUSD Altcoin ☆ WEBSITE ➤ https://trusttoken.com ☆ CONTACTS ➤ icosreviews@gmail.com Among one of the ...

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Screenshot from Website

coinpaper.iocoin/tusd-trueusd
TrueUSD Websitemore_vert

Visit Webpage

Website Informationclose

Organization: Unknown
Name: Unknown
Country: Unknown
City: Unknown
Zipcode: Unknown
Address: Unknown
Mail: Unknown
Creation date: 2019-05-31
Expiration date: 2021-05-31
Nameserver: NS-546.AWSDNS-04.NET

build TrueUSD Product Analysis

4.7

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TrueUSD Whitepaper

TrueUSD claim to be a stablecoin that you can redeem 1-for-1 for US dollars.


file_downloadOpen Whitepaper
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TrueUSD 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.

  • 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.

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TrueUSD Product Analysis

TrueUSD was founded back in March 2018. Its source code was released publicly on github on December 2017 under the Other license.
Organization wise, TrueUSDs Development is Centralized and is being developed under the lead of Rafael Cosman.

The consensus on which the TrueUSD network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of TrueUSD currently is Working product

group TrueUSD Community Analysis

2.3

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TrueUSD 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
linkOpen Subreddit

TrueUSD (TUSD) is the world's most transparent stablecoin, backed 1:1 by US Dollars and attested live, independently, and on-chain.

Mint/Redeem at https://app.TrustToken.com

view_list TrueUSD | Stablecoin Community Channel
person 2,950 Members
directions_run 377 Online
linkOpen in Telegram

Official Twitter account for TrueUSD

view_list @TrustToken Channel
person 17,823 Followers
01.26.2021
16:06
Thank you to @HedgeWeek for featuring #TrueFi's recent @binance listing! “We’re proud to see TrueFi’s $TRU recognized by the world’s most popular cryptocurrency exchange.” - @RafaelCosman, Co-Founder of @TrustToken. Learn more here: https://t.co/MGvLTtiwKZ 14 favorite
01.25.2021
20:04
Fantastic platform, fantastic team @CoinList - we're proud to be part of the family So much more to come for $TRU and #TrueFi https://t.co/EMYMOWE74Z 14 favorite
01.25.2021
18:20
We're hiring! Learn more here: https://t.co/lcV0FP4VH0 https://t.co/ootT4gG6Aw 10 favorite
01.24.2021
05:46
Today's alpha leak: @barrutko with multi-pool & farm-boosted returns, fueled by a #TrueFi loan. Entry short of $1m is no issue, just don't let those gas fees hit you too hard. @AlamedaResearch @wintermute_t @ic_invictus @GrapefruitTrade - did Bartek beat your loan ROI? 😉 https://t.co/CF1isHInMd 14 favorite
01.22.2021
23:16
Congrats to one of our #TrueFi borrowers, @wintermute_t, for raising $20 million in a Series B funding round! Read the full article: https://t.co/Gpw6F3ta8a 18 favorite
01.22.2021
18:22
Want to stay up-to-date on all things TrueFi? 🤔 The easiest way to never miss an update on $TRU and #TrueFi is to join our FREE newsletter. Sign up here: https://t.co/BeMsku9rjg 13 favorite
01.22.2021
17:01
Welcome to the #TrueFi family! https://t.co/9GbQwOa6Q8 9 favorite
01.21.2021
23:47
In case you missed it, $TRU setting @CoinMarketCap trends: https://t.co/5T3pUivPCr 12 favorite
01.21.2021
23:28
#TrueFi is Climbing the @defipulse Charts 13 Day Change: 📈 Rank: TrueFi #28 -> #25 📈 TVL: $34.8m -> $42.7m 📈 Enthusiasm: High https://t.co/zROyBXDWba https://t.co/Y3xC68xOHI 16 favorite
01.21.2021
22:40
So fresh & so clean ⬇️ https://t.co/poWiXoDuUb 3 favorite

There are no events for TrueUSD in the next 3 Months

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TrueUSD Google Trends


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 TrueUSD Development Analysis

1.9

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TrueUSD 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 174 Stars
remove_red_eye 24 Watchers
usb 66 Forks
sync_problem 7 Open Issues
border_color 3.01 % Comment Coverage
lock_open Other License

attach_money TrueUSD Price Analysis

4.2

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TrueUSD Price Prediction

$ 1.001824 (0.18%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 1.002050 (0.21%) arrow_drop_up

Predicted USD Market Price in 14d by Coinpaper

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Converter TUSD - USD

Convert between TUSD and USD with the live TrueUSD prices, aggregated from all big exchanges that trade TrueUSD.


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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 TrueUSD Team Analysis

4.8

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TrueUSD Team

TrueUSD Team Leader

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

TrueUSD Team Members (19)

launch

Rafael Cosman

Cofounder & head of engineering and product

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Danny An

co-founder & ceo

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Danny An

Ceo & co-founder

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Stephen Kade

Coo & co-founder

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Charles Christofilis

Director of compliance

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Patty Weng

Operations

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Michael G. Bland

Legal counsel

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Tony Pham

Head of marketing

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David Steinrueck

Community

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Baptiste Vauthey

Software engineer

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Joe Vellanikaran

Business development

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Ryan Rodenbaugh

Business development

compare_arrows TrueUSD Exchanges

TrueUSD Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance TUSD/USDT $ 1.001199 $ 9,700,290 check
# 2 Binance TUSD/BTC $ 1.000600 $ 6,333,950 check
# 3 Binance TUSD/ETH $ 1.002120 $ 4,414,656 check
# 4 Bittrex TUSD/BTC $ 0.999005 $ 1,398,965 check
# 5 Binance TUSD/BUSD $ 1.001443 $ 532,526 check
# 6 Bittrex TUSD/USD $ 1.000000 $ 470,251 check
# 7 Bittrex TUSD/ETH $ 0.996965 $ 199,611 check
# 8 Binance TUSD/LINK $ 1.002859 $ 171,848 check
# 9 Binance TUSD/LTC $ 1.001788 $ 136,130 check
# 10 Binance TUSD/ADA $ 1.009895 $ 120,552 check

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