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TrueUSD (TUSD)
Stablecoin that should stay at the value of 1 USD
Marketcap Ranking
Market Price (24h change)
Total Market Cap
2.7
-
info_outline What is TrueUSD
3.7
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..
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 ...
coinpaper.iocoin/tusd-trueusd
TrueUSD
Websitemore_vert
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
3.9
TrueUSD Whitepaper
TrueUSD claim to be a stablecoin that you can redeem 1-for-1 for US dollars.
file_downloadOpen Whitepaper
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.
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
2.0
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 |
زنان زایمان
| view_list دکترسلام Channel |
| person 396 Members |
| directions_run 10 Online |
Official Twitter account for TrueUSD
| view_list @TrustToken Channel |
| person 12,899 Followers |
| 10.21.2020 22:53 | 💰 $TUSD now accounts for +6% of DAI collateral 💰 https://t.co/h1loq3GW5b | 2 favorite |
| 10.21.2020 21:41 | 🎉 Exciting News 🎉 $TAUD just passed 5mm mcap 🚀 This is a huge milestone for #truecurrencies and we are excited about it! Thank you! https://t.co/PCFoOJv17J | 8 favorite |
| 10.21.2020 15:21 | Did you know you can view an independent accountant’s report of $TUSD, $TGBP, and our other TrueCurrencies in real-time? It’s a pretty cool feature we are proud of at @TrustToken. Check here for the full report at any time: https://t.co/lurWc00msd | 2 favorite |
| 10.20.2020 19:46 | Twitter fam, anyone able to help us claim any of these suspended/inactive Twitter handles? @tusd @trueusd @true_usd Our goal: prevent suspicious activity occasionally disguised by the scammer tagging the above handles. CC @Twitter @TwitterSupport | 8 favorite |
| 10.20.2020 19:01 | "Bank of Finland Governor Olli Rehn told Reuters Friday he believes a digital euro is 'very likely' to debut in Europe in the next 10 years." If they launch a digital euro in the next 10 years, I wonder where #DeFi will be. 👀 Full article on @CoinDesk: https://t.co/QVspNYPpej | 4 favorite |
| 10.20.2020 17:28 | 🎉 Now Available! 🎉 Use $TUSD to participate in & support early-stage crypto communities using @LID_Protocol - with greater protection from exit scams. Learn how LID’s protocol is supporting the best new DeFi projects while reducing rug pulls 👇 https://t.co/ekb4Q4DWVY | 14 favorite |
| 10.19.2020 16:24 | ❗️Huge News❗️ $TUSD is now one of the most used assets for backing $DAI! We, at @TrustToken, are excited to be building a product that can support #Defi in such a crucial way! | 8 favorite |
| 10.18.2020 20:03 | We have a couple major announcements coming soon at @TrustToken! Stay tuned 👀 | 28 favorite |
| 10.17.2020 17:56 | In this article, @cryptodailyuk analyzes the growth of stablecoins as DeFi booms. "Since July, $TUSD has increased its market cap from around $130 million to over $500 million." We are excited to support the growth of #DeFi! Read the article: https://t.co/nDOGdkGB1E | 5 favorite |
| 10.15.2020 16:04 | Potential arb to keep an eye on: You can borrow $TUSD on @aaveaave for 1.84%, use it to mint $DAI with @makerdao, and then lend the $DAI on AAVE for 3.51% 👀 https://t.co/5ki76r6zFf | 6 favorite |
There are no events for TrueUSD in the next 3 Months
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
2.3
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 160 Stars |
| remove_red_eye 23 Watchers |
| usb 60 Forks |
| sync_problem 1 Open Issues |
| border_color 4.37 % Comment Coverage |
| lock_open Other License |
attach_money TrueUSD Price Analysis
4.0
TrueUSD Price Prediction
Predicted USD Market Price in 24h by Coinpaper
Predicted USD Market Price in 14d by Coinpaper
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 TrueUSD Team Analysis
4.8
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)
launchcompare_arrows TrueUSD Exchanges
TrueUSD Markets
| # | Exchange | Pair | Price | 24h Volume | Trusted | |
|---|---|---|---|---|---|---|
| # 1 |  | Binance | TUSD/BTC | $ 1.000214 | $ 8,204,191 | check |
| # 2 | | Binance | TUSD/USDT | $ 1.000875 | $ 6,788,358 | check |
| # 3 | | Binance | TUSD/ETH | $ 0.998991 | $ 2,319,880 | check |
| # 4 | | Binance | TUSD/EOS | $ 1.002019 | $ 672,176 | check |
| # 5 |  | Bittrex | TUSD/BTC | $ 0.998893 | $ 630,680 | check |
| # 6 | | Binance | TUSD/LTC | $ 1.001296 | $ 203,586 | check |
| # 7 | | Binance | TUSD/LINK | $ 0.991602 | $ 170,630 | check |
| # 8 | | Binance | TUSD/XRP | $ 0.999057 | $ 159,128 | check |
| # 9 | | Binance | TUSD/TRX | $ 1.003492 | $ 136,157 | check |
| # 10 | | Binance | TUSD/BCH | $ 0.999705 | $ 117,631 | check |
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