TrueUSD (TUSD)

Stablecoin that should stay at the value of 1 USD

#38

Marketcap Ranking

1.000088 (0.06%) arrow_drop_up

Market Price (24h change)

135,884,202

Total Market Cap

2.8

-

info_outline What is TrueUSD

4.1

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

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: ...

help_outline
Screenshot from Website

www.trueusd.com
TrueUSD Websitemore_vert

Visit Webpage

Website Informationclose

Organization: WhoisGuard, Inc.
Name: WhoisGuard Protected
Country: PA
City: Panama
Zipcode: Unknown
Address: P.O. Box 0823-03411
Mail: abuse@namecheap.com
Creation date: 2017-12-14
Expiration date: 2020-12-14
Nameserver: KIP.NS.CLOUDFLARE.COM

build TrueUSD Product Analysis

4.3

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

The exact founding date of TrueUSD is unfortunately not that clear. 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

2.6

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 first independently-verified digital asset fully collateralized by US Dollars - and this is our community Telegram!

view_list TrustToken Channel
person 2,584 Members
directions_run 231 Online
linkOpen in Telegram

Official Twitter account for TrueUSD

view_list @TrustToken Channel
person 12,336 Followers
03.29.2020
23:29
Recently, tech giant, Microsoft, has filed a patent to develop a cryptocurrency system, which uses body activity data to mine cryptocurrency. Microsoft Files Patent For Crypto Mining System Using Body Activity Data https://t.co/nPoRNWenFf via @Cointelegraph https://t.co/GaNKBAgGip 8 favorite
03.28.2020
19:15
There are 4.5 billion users on the internet, composing 59% of the world population. As more go online, cryptocurrency and blockchain wallets users continue to grow in size. Why Internet Growth Is a Prime Cryptocurrency-Adoption Driver https://t.co/i7Pwoknwbf via @Cointelegraph https://t.co/FUkqZDgOjz 4 favorite
03.27.2020
19:15
This tax season, please remember to follow the IRS guidelines for cryptocurrency, with 170+ issues related to crypto tax, education will ensure you file properly. Cryptocurrency Accounting Firm Launches Library of Legal and Tax Advice https://t.co/pUJTJcMofT via @Cointelegraph https://t.co/YTlhEM7K3M 2 favorite
03.26.2020
20:30
We're thrilled to announce our partnership with @invictuscapital, who deliver tokenized investment funds to a global audience of over 15,000 investors. How You Can Invest Fiat Into Tokenized Investment Funds Using TrustToken https://t.co/HXf98acxP9 via @invictuscapital https://t.co/Myb2PxIlMQ 4 favorite
03.26.2020
05:06
Anticipated in May, the halving of bitcoin will have a significant impact on bitcoin mining. How this will impact the cryptocurrency market remains yet to be seen, including its effect on trading price. Bitcoin Halving, Explained https://t.co/IHktBMbut3 via @CoinDesk https://t.co/8ufLQ8U3YI 4 favorite
03.24.2020
19:15
https://t.co/EJtsM45Dnr has recently listed TrueGBP ($TGBP), TrueAUD ($TAUD), and TrueCAD ($TCAD) to the https://t.co/EJtsM45Dnr app. Offering fiat on-ramps, and Crypto Earn - allowing users to earn up to 12% a.p. on their deposits. https://t.co/Llny2MNtCO https://t.co/wcNbwehmZE 11 favorite
03.23.2020
19:15
Cryptocurrency continues to enter mainstream markets as a viable investment option, aided by consumer adoption, and a growing number of ways to earn passive income. OKEx's Lennix Lai: Passive Income in Crypto Is the New Way to Earn https://t.co/bUvHPty54l via @Cointelegraph https://t.co/ablHaNhaR6 4 favorite
03.23.2020
18:29
We're thrilled to announce @cryptocom listing TrueGBP ($TGBP), TrueAUD ($TAUD), and TrueCAD ($TCAD) on the https://t.co/X9EL20sZDw app, with the ability to earn up to 12% p.a. - Read more here: https://t.co/ze2dYdbH6v https://t.co/KM4bU9B1Zl 9 favorite
03.23.2020
18:13
Thanks for the $TUSD listing, @ProBit_Exchange! Excited to get TrueCurrencies in more hands 🙌 https://t.co/reEmVlJ6wR 7 favorite
03.21.2020
19:15
The largest U.S. miner on the Ethereum blockchain, @CoreWeave is redirecting the processors of 6,000 chips towards coronavirus treatment. Thousands of These Computers Were Mining Cryptocurrency. Now They’re Working on Coronavirus Research https://t.co/m9R8xUdotE via @CoinDesk 7 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

2.2

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 126 Stars
remove_red_eye 18 Watchers
usb 49 Forks
sync_problem 14 Open Issues
border_color 0.02 % Comment Coverage
lock_open Other License

attach_money TrueUSD Price Analysis

4.3

help_outline

TrueUSD Price Prediction

$ 1.010092 (1.06%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 1.014412 (1.49%) arrow_drop_up

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 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

TrueUSD Team Members (19)

launch

Rafael Cosman

Cofounder & head of engineering and product

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/BTC $ 1.000411 $ 8,494,162 check
# 2 Binance TUSD/USDT $ 1.001443 $ 5,635,254 check
# 3 Binance TUSD/ETH $ 1.000842 $ 1,832,095 check
# 4 Binance TUSD/BCH $ 1.000447 $ 368,810 check
# 5 Bittrex TUSD/BTC $ 0.999129 $ 277,028 check
# 6 Binance TUSD/LTC $ 1.001091 $ 229,667 check
# 7 Binance TUSD/XRP $ 1.004444 $ 229,169 check
# 8 Binance TUSD/LINK $ 1.001521 $ 134,522 check
# 9 Binance TUSD/TRX $ 0.998675 $ 133,464 check
# 10 Binance TUSD/USDC $ 1.002210 $ 81,548 check

add
help_outline

Fast Scroll

Jump to specific section