TrueUSD (TUSD)

Stablecoin that should stay at the value of 1 USD

#104

Marketcap Ranking

0.999259 (-0.07%) arrow_drop_down

Market Price (24h change)

287,220,848

Total Market Cap

2.6

-

info_outline What is TrueUSD

3.7

help_outline

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..

help_outline

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 ...

help_outline
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

help_outline

TrueUSD Whitepaper

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


file_downloadOpen Whitepaper
help_outline

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.

help_outline

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

help_outline

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 2,937 Members
directions_run 442 Online
linkOpen in Telegram

Official Twitter account for TrueUSD

view_list @TrustToken Channel
person 18,698 Followers
02.10.2021
16:26
We recently rolled out the #TrueFi V2 roadmap! This upgrade will allow for a dramatic overhaul in TrueFi's lending operations as well as other niche’ aspects related to value accrual, decentralization, and automation. $TRU Read more: https://t.co/O2GdRqqWSF 17 favorite
02.09.2021
17:57
Phase 2 is the next step for #TrueFi. Releasing on February 19, this phase will introduce Liquid Exit to improve the lender experience, improve the overall staking model to grow $TRU utilization, and launch full on-chain token governance. Read More: https://t.co/O8NHKSskdu 35 favorite
02.09.2021
15:43
Looks to us like $TRU is growing up fast https://t.co/jMGzzO0ZE9 19 favorite
02.08.2021
16:33
Join us in reviewing a New Borrower request from @Poloniex, a top 30 global exchange, for their first unsecured TrueFi loan of $2m for 30d at 12% APY Ask the Poloniex team anything now on the #TrueFi forum: Related: Poloniex offers $TRU trading https://t.co/G7QvLwGIab 74 favorite
02.08.2021
16:26
Excited to receive a New Borrower request from @cmsholdings, for their first unsecured TrueFi loan of $2m for 30d at 12% APY Learn more about CMS and ask them anything in the #TrueFi forum: https://t.co/n1u0B8kJkn 32 favorite
02.06.2021
17:47
The goal of #TrueFi is to become the most widely adopted protocol for uncollateralized lending on blockchain. The focus of the protocol needs to be on providing an attractive risk-adjusted return over the long term. $TRU Here's our roadmap to do that: https://t.co/HAHcUMM0t7 37 favorite
02.04.2021
21:02
$TAUD market cap just surpassed $10M 🙌 Thank you to our amazing community for the support! https://t.co/qgc7OapvTH 19 favorite
02.03.2021
16:07
Fantastic summary of the 2021 TrueFi Roadmap by our friends at @hillrisecapital Big thanks for diving in! https://t.co/9UCAFJi2ld 13 favorite
02.03.2021
01:10
The master plan: free money to move instantly to where it creates the most value. 👇 The mission: economic opportunity for all Stablecoins are the vehicles to move value quickly, cheaply DeFi is the rails routing to value creation Together, $ moves like 🌊, grows like 🔥 https://t.co/n5aaTCOCRw 18 favorite
02.01.2021
18:26
Thank you to @YahooFinance for sharing the exciting news about our $TRU token listings! Another great step for #TrueFI 🎉 Read the full article here: https://t.co/Bv6hsKVj1w 42 favorite

There are no events for TrueUSD in the next 3 Months

help_outline

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

help_outline

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 178 Stars
remove_red_eye 24 Watchers
usb 66 Forks
sync_problem 11 Open Issues
border_color 3.01 % Comment Coverage
lock_open Other License

attach_money TrueUSD Price Analysis

4.1

help_outline

TrueUSD Price Prediction

$ 0.998451 (0.05%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.997490 (-0.05%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper

help_outline

Converter TUSD - USD

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


help_outline

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

help_outline

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

launch

Danny An

co-founder & ceo

launch

Danny An

Ceo & co-founder

launch

Stephen Kade

Coo & co-founder

launch

Charles Christofilis

Director of compliance

launch

Patty Weng

Operations

launch

Michael G. Bland

Legal counsel

launch

Tony Pham

Head of marketing

launch

David Steinrueck

Community

launch

Baptiste Vauthey

Software engineer

launch

Joe Vellanikaran

Business development

launch

Ryan Rodenbaugh

Business development

compare_arrows TrueUSD Exchanges

TrueUSD Markets

help_outline
# Exchange Pair Price 24h Volume Trusted
# 1 Binance TUSD/USDT $ 0.997760 $ 14,356,914 check
# 2 Binance TUSD/BTC $ 0.997353 $ 7,074,626 check
# 3 Binance TUSD/ETH $ 0.997359 $ 4,601,523 check
# 4 Binance TUSD/BUSD $ 0.997399 $ 4,450,950 check
# 5 Bittrex TUSD/BTC $ 0.998310 $ 4,241,488 check
# 6 Binance TUSD/ADA $ 1.001831 $ 1,463,108 check
# 7 Binance TUSD/BNB $ 0.997559 $ 774,356 check
# 8 Bittrex TUSD/USD $ 0.998000 $ 667,237 check
# 9 Binance TUSD/XRP $ 0.991876 $ 527,268 check
# 10 Bittrex TUSD/ETH $ 0.996411 $ 296,726 check

add
help_outline

Fast Scroll

Jump to specific section