TrueUSD (TUSD)

Stablecoin that should stay at the value of 1 USD

#46

Marketcap Ranking

1.003551 (0.83%) arrow_drop_up

Market Price (24h change)

140,520,270

Total Market Cap

2.6

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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

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
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

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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. 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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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 MIT License 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 2,731 Members
directions_run 194 Online
linkOpen in Telegram

Official Twitter account for TrueUSD

view_list @TrustToken Channel
person 12,383 Followers
01.29.2020
16:21
Bitcoin halving is expected mid-May, and is gaining increased interest amongst the online community. Bitcoin’s Halving Captures Growing Interest – Among Google Searchers https://t.co/DMBzbStw3W via @CoinDesk https://t.co/Uwl8iygth6 8 favorite
01.28.2020
20:15
From ABC's to the Satoshi's, there are a lot of new terms and definitions in the world of cryptocurrency. Learn them in this helpful guide. Crypto-ABC: The complete overview of the most important words in the cryptocurrency world https://t.co/W0uwSTckm3 via @CryptoTicker https://t.co/rwD2VTFvf3 6 favorite
01.27.2020
16:21
The IRS has updated the 1040 tax form ahead of tax season, in response to the increased adoption of cryptocurrencies. It’s tax season and the IRS wants to know about your crypto. How to prepare https://t.co/Mi4hBQY7Uo https://t.co/lHKy7NGLmq 13 favorite
01.25.2020
20:15
In the latest IDEX Quarterly Insights report, learn the important events and industry milestones in the cryptocurrency industry, as well as a snapshot of key insights from TrustToken. IDEX Quarterly Insights Report 2019 Q4 https://t.co/25QxIVEe1d https://t.co/4BBJEs0VIS 9 favorite
01.24.2020
20:15
While it's been around for over a decade, many still don't fully understand cryptocurrency, and education is key to financial empowerment. Bitcoin of America is making it easier for beginners to get involved in cryptocurrency https://t.co/fEbWuzXERs via @CryptoSlate https://t.co/jl6YKWofTI 13 favorite
01.24.2020
00:29
Global leaders gathered at the World Economic Forum, which discussed cryptocurrencies and creating solutions for the unbanked. Facebook and Calibra's David Markus: The Problem of Global Unbanked Is "Unacceptable" https://t.co/oN6Y4lWGue via @Cointelegraph https://t.co/lf2mzOMwFZ 7 favorite
01.23.2020
06:06
Washington is reviewing a proposal seeking to regulate cryptocurrencies, titled the "Virtual Currency Tax Fairness Act" and impacts crypto tax reporting. Cryptocurrency Needs Fair Taxation: US Lawmakers Introduce Supportive Legislation https://t.co/jb7YIS5E2F via @BeInCrypto https://t.co/nNn7FIuzS1 10 favorite
01.21.2020
20:15
Last Thursday, Congress introduced the "Virtual Currency Tax Fairness Act of 2020" which involves the holding, and sale, of cryptocurrencies. New Bill In Congress Could Have Massive Impact On Bitcoin, Ethereum, And Other Cryptocurrencies https://t.co/GJRBnq0gOg via @Forbes https://t.co/6RD4xeA2RY 6 favorite
01.20.2020
20:15
Last month, the United States Congress announced it would be introducing a new bill, focused on cryptocurrency activity in the US; "The Cryptocurrency Bill 2020." Op-ed: We’re missing the point of the new 2020 Cryptocurrency Act (USA) https://t.co/2bOsT2AYhi via @CryptoSlate https://t.co/5kYnKdJuuN 9 favorite
01.18.2020
21:28
In the event of the unexpected, cryptocurrency holders are now asking the question of when it's appropriate to create a will, to provide loved ones access to their cryptocurrency holdings. Bitcoin: Should cryptocurrency owners make a will? https://t.co/uzogUHzxPD via @BBCWorld https://t.co/h7n5w1Du8u 10 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

1.7

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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 122 Stars
remove_red_eye 19 Watchers
usb 46 Forks
sync_problem 11 Open Issues
border_color 0.02 % Comment Coverage
lock_open MIT License License

attach_money TrueUSD Price Analysis

3.6

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TrueUSD Price Prediction

$ 1.003133 (-0.13%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 1.000130 (-0.43%) 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 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

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance TUSD/USDT $ 1.005114 $ 7,928,388 check
# 2 Binance TUSD/BTC $ 1.003107 $ 4,351,283 check
# 3 Binance TUSD/LTC $ 1.000425 $ 981,770 check
# 4 Binance TUSD/ETH $ 1.003978 $ 769,266 check
# 5 Binance TUSD/XRP $ 1.001662 $ 672,579 check
# 6 Binance TUSD/BCH $ 1.002837 $ 544,604 check
# 7 Binance TUSD/ADA $ 1.000741 $ 483,903 check
# 8 Bittrex TUSD/BTC $ 1.002960 $ 352,308 check
# 9 Binance TUSD/TRX $ 1.000810 $ 188,814 check
# 10 Binance TUSD/LINK $ 1.002778 $ 161,797 check

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