TrueUSD (TUSD)

Stablecoin that should stay at the value of 1 USD

#52

Marketcap Ranking

1.000639 (-0.06%) arrow_drop_down

Market Price (24h change)

331,295,727

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

3.9

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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

2.0

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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

زنان زایمان

view_list دکترسلام Channel
person 396 Members
directions_run 10 Online
linkOpen in Telegram

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

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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

2.3

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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 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

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TrueUSD Price Prediction

$ 1.000331 (-0.05%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 0.999656 (-0.12%) arrow_drop_down

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

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

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# 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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