TrueUSD (TUSD)

stablecoin
eth token
smart contracts
#39

Marketcap Ranking

1.011789 (0.18%) arrow_drop_up

Market Price (24h change)

168,845,628

Total Market Cap

2.6

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info_outline What is TrueUSD

4.1

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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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Introduction 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: ...

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Screenshot from Website

www.trueusd.com
TUSD Websitemore_vert

Visit Webpage

Website Informationclose

Organization: WhoisGuard, Inc.
Name: WhoisGuard Protected
Country: PA
City: Panama
Zipcode:
Address: P.O. Box 0823-03411
Mail: abuse@namecheap.com
Creation date: 2005-06-21
Expiration date: 2020-06-21
Nameserver: KIP.NS.CLOUDFLARE.COM

attach_money Product Analysis

4.3

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Whitepaper

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


file_downloadOpen Whitepaper
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Close 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. Currently Tether operates on a several blockchain platforms: Omni, Ethereum, TRON, Algorand, EOS.

  • 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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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 MIT License license.
Organization wise, TrueUSDs Development is Centralized and is being developed under the lead of Danny An.

The consensus on which the TrueUSD network is run is called POW, while the underlying algorithm is called Ethash.
In the current state of TrueUSD currently is Working product

group Community Analysis

2.6

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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 2,986 Members
directions_run 204 Online
linkOpen in Telegram

Official Twitter account for TrueUSD

view_list @TrustToken Channel
person 12,053 Followers
11.18.2019
00:29
Ahead of tax season, the IRS has already sent over 10,000 letters to cryptocurrency holders, alerting them they may be subject to penalties, fines, or an audit. IRS Says ‘Dozens’ of New Crypto, Cybercriminals Are Identified https://t.co/XlPNczyNSZ via @technology https://t.co/ReVTVfppxS 9 favorite
11.16.2019
20:15
Gregory Klumov, founder and chief executive officer of Stasis, the company behind EURS, a stablecoin pegged to the euro, offers his thoughts on the future of stablecoins. Stablecoins: Popularized by Facebook, Pilloried by Regulators https://t.co/OvcFHrUPMq via @markets https://t.co/Xn4NIbdjfj 18 favorite
11.15.2019
20:15
After sharply rejecting support for Facebook's Libra, Twitter CEO Jack Dorsey invests in Coinlist, which helps startups raise funding through token sales. Bitcoin Advocate Jack Dorsey Backs Crypto Startup CoinList https://t.co/Hy00o8Mnfc via @WSJ https://t.co/exlVh2A0Dk 26 favorite
11.15.2019
00:29
Cryptocurrency is on the rise in the US, with approximately 36.5 million people in the United States own some form of crypto to date. Number of Americans Owning Crypto Doubled in 2019 https://t.co/dBFtRXnild via @Cointelegraph https://t.co/S4zM8u8qpM 41 favorite
11.13.2019
16:21
Cryptocurrency job searches are going down, but job listings are on the rise and TrustToken is hiring! To apply, visit https://t.co/twIMiSX3SG What the bitcoin job market looks like in 2019 (and beyond) https://t.co/QcOsKVSjE5 via @beseenintech https://t.co/iuAZJxNka0 15 favorite
11.12.2019
22:48
We're thrilled to work with Qume as a partner! "We chose TrustToken as one of our partners due to their immaculate track record of having the necessary safeguards in place for us to feel secure with our funds." Why We Chose TrustToken https://t.co/kzLh0g1dlg via @qumeofficial https://t.co/uQyjwh1sil 23 favorite
11.12.2019
20:15
The IRS Continues to crack down on individuals using cryptocurrency to avoid paying taxes. Stay informed to understand how to stay compliant when tax season arrives in 2020. IRS Discovers New Ways to Catch Cryptocurrency Tax Evaders https://t.co/m8oLNHxCuT via @beincrypto https://t.co/HfdUStCK7p 13 favorite
11.12.2019
17:57
Congrats @TomaszZack and @ELRypto, @ethwaterloo2 finalists & recipients of the @TrustToken $TCAD grand prize! https://t.co/yQq5OpaXhH https://t.co/SzjnmYlPOp 31 favorite
11.11.2019
21:50
We're celebrating $TUSD #stablecoin listing with Qume's #crypto exchange in a #GIVEAWAY! 🎉 💰The Prize💰 1. $100 in $TUSD 2. $100 in $BTC To Enter 📲 Follow @TrustToken & @QumeOfficial ♻️ Retweet 👨‍👧‍👦 Tag 3 Friends 🏆Winner 11/17 post 🇸🇬 Singapore #TheCapital #BlockshowAsia https://t.co/5IcxXFzBoA 962 favorite
11.11.2019
16:21
"Stablecoins are cryptocurrencies designed specifically to prevent big changes in their value, usually by tying themselves to another asset, like the U.S dollar or gold." What Are Stablecoins, and Are They Safer than Bitcoin? https://t.co/vOeFDT1Rhy via @MakeTechEasier https://t.co/MIzaIYZwm9 15 favorite

There are no events for TrueUSD in the next 3 Months

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Google Trends Analysis


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 Development Analysis

1.1

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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 121 Stars
remove_red_eye 20 Watchers
usb 44 Forks
sync_problem 16 Open Issues
border_color 0 Comment Coverage
lock_open MIT License License

attach_money Price Analysis

3.9

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Price Prediction

$ 1.009497 (-0.13%) arrow_drop_down

Predicted USD Market Price in 24h

$ 1.012568 (0.17%) arrow_drop_up

Predicted USD Market Price in 14d

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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 Team Analysis

4.8

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Team

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

Members (19)

launch

Danny An

Ceo & co-founder

launch

Rafael Cosman

Cto & 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

Tory Reiss

Vp corporate

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 Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance TUSD/BTC $ 1.012408 $ 1,670,240 check
# 2 Binance TUSD/USDT $ 1.014546 $ 1,299,227 check
# 3 Binance TUSD/ETH $ 1.011394 $ 451,263 check
# 4 Binance TUSD/XRP $ 1.011714 $ 146,834 check
# 5 Binance TUSD/BCH $ 1.015283 $ 137,013 check
# 6 Binance TUSD/BNB $ 1.016110 $ 131,212 check
# 7 Binance TUSD/LTC $ 1.011566 $ 109,768 check
# 8 Bittrex TUSD/BTC $ 1.012916 $ 94,326 check
# 9 Binance TUSD/TRX $ 1.012727 $ 89,926 check
# 10 Binance TUSD/ALGO $ 1.018980 $ 80,653 check

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