TrueUSD (TUSD)

Stablecoin that should stay at the value of 1 USD

#55

Marketcap Ranking

1.002578 (0.18%) arrow_drop_up

Market Price (24h change)

137,078,628

Total Market Cap

2.7

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info_outline What is TrueUSD

4.1

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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

www.trusttoken.com
TrueUSD Websitemore_vert

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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: 2005-06-21
Expiration date: 2021-06-21
Nameserver: KIP.NS.CLOUDFLARE.COM

build TrueUSD Product Analysis

4.4

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TrueUSD Whitepaper

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


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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

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

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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

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 2,463 Members
directions_run 161 Online
linkOpen in Telegram

Official Twitter account for TrueUSD

view_list @TrustToken Channel
person 12,303 Followers
06.04.2020
23:29
The government is seeking input from the public on how to best regulate new technologies, digital currency, and blockchain tools. US Bank Regulator OCC Asks for Public Input on Cryptocurrency Use in Financial Sector https://t.co/4mao6qmm2k via @coindesk https://t.co/HPjeFZCNOM 4 favorite
06.03.2020
21:29
For years, digital currency such as WePay, or Alipay have been popular in China. Recently, a pilot program for a digital currency, created by the government, is underway. China’s Digital Currency Could Challenge Bitcoin and Even the Dollar https://t.co/Vf02yiZmaq via @Bloomberg 5 favorite
06.01.2020
19:15
With @Gasboost, TUSD uses approximately 15% less gas than any other stablecoin, achieving possibly the lowest transaction fees of any ERC-20 token. How TUSD's Gets the Lowest ETH Transaction Fees using @Gasboost https://t.co/x13kfsPTWm https://t.co/dYZqn1rHl2 6 favorite
05.31.2020
19:45
Recently, the IRS issued a statement of work to recruit additional help, which solicited “consulting services to support a taxpayer examination involving virtual currency.” Got Cryptocurrency? Get Ready For An IRS Audit https://t.co/p31KYjBfxE via @Forbes https://t.co/QyZd9hXppx 5 favorite
05.29.2020
21:42
On Monday, the total number of bitcoins held in crypto exchanges dropped to an all-time low. The decline marks an 11% drop in the number of bitcoin held so far this year. Number of Bitcoins on Crypto Exchanges Hits 18-Month Low https://t.co/GsI8ixS2UR via @CoinDesk https://t.co/TBzKpy2nHZ 5 favorite
05.27.2020
20:32
Facebook recently announced the rebranding of its Calibra cryptocurrency project, which is now named "Novi" ahead of its launch. @Facebook’s Calibra Rebrands to Novi, Details Wallet Tie-Up With @WhatsApp https://t.co/N6kEbotb7Z via @CoinDesk https://t.co/MCjXbXtccv 3 favorite
05.25.2020
21:25
New eyes are now being placed on cryptocurrency, as blockchain technology presents solutions for industries impacted by COVID-19. A 2020 And Post-Pandemic Outlook For Cryptocurrency And Blockchain Industries https://t.co/vPDHljDQoq via @Forbes https://t.co/CcCTloCoUP 4 favorite
05.23.2020
17:14
President Donald Trump’s nominee for the United States Federal Reserve board of governors voiced support of the gold standard, including cryptocurrency. Trump's Fed Nominee Advocates a Gold-Backed Currency, Even a Crypto One https://t.co/v4ErsqSdft via @Cointelegraph https://t.co/WAT69JE0I6 3 favorite
05.21.2020
23:03
In uncertain times, investors often seek safe havens for their investments, with manageable risk during rocky financial times. Cryptocurrency and COVID-19: Bitcoin’s Path to a Safe Haven https://t.co/QzXmQZ16sl via @Cointelegraph https://t.co/owK5klGUZq 3 favorite
05.20.2020
15:21
After several years of conflict with the SEC, Telegram is shutting down its cryptocurrency-focused subsidiary, Telegram Open Network (TON). Telegram shuts down its cryptocurrency operation https://t.co/JX1WyLPz9r via @TheVerge https://t.co/GK4caKSE9L 2 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

2.2

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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 136 Stars
remove_red_eye 20 Watchers
usb 55 Forks
sync_problem 14 Open Issues
border_color 0.01 % Comment Coverage
lock_open Other License

attach_money TrueUSD Price Analysis

3.7

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TrueUSD Price Prediction

$ 1.001563 (-0.13%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 1.005504 (0.26%) arrow_drop_up

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

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/USDT $ 1.002615 $ 4,245,042 check
# 2 Binance TUSD/BTC $ 1.002389 $ 3,511,534 check
# 3 Binance TUSD/ETH $ 1.002997 $ 794,890 check
# 4 Binance TUSD/BCH $ 1.002565 $ 464,279 check
# 5 Bittrex TUSD/BTC $ 1.001992 $ 212,934 check
# 6 Binance TUSD/ALGO $ 1.000105 $ 106,454 check
# 7 Binance TUSD/ADA $ 1.002735 $ 90,263 check
# 8 Binance TUSD/TRX $ 0.999273 $ 75,614 check
# 9 Binance TUSD/XRP $ 1.000062 $ 69,104 check
# 10 Binance TUSD/BNB $ 1.001654 $ 58,085 check

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