TrueUSD (TUSD)

Stablecoin that should stay at the value of 1 USD

#54

Marketcap Ranking

1.003003 (0.06%) arrow_drop_up

Market Price (24h change)

204,754,445

Total Market Cap

2.8

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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

www.trusttoken.com
TrueUSD Websitemore_vert

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Organization: Unknown
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build TrueUSD Product Analysis

4.6

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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

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

2.3

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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 2,400 Members
directions_run 202 Online
linkOpen in Telegram

Official Twitter account for TrueUSD

view_list @TrustToken Channel
person 12,317 Followers
08.04.2020
19:15
Recently, the United States Office of the Comptroller of the Currency released a letter, stating banks and savings associations can take control of crypto assets. Today’s Cryptocurrency Trusts and Hedge Funds Amid Financial Crisis https://t.co/jAYhQffWka via @Cointelegraph https://t.co/BjfLkqiL7M 2 favorite
07.27.2020
16:53
Cryptocurrency continues to evolve and adapt in the consumer marketplace, emerging as an innovative solution for many of the pain points faced by traditional finance. Crypto Is Next Step in Currency Evolution but Must Adapt to Succeed https://t.co/rErjgwAklN via @Cointelegraph https://t.co/8YBcs6lOrr 3 favorite
07.26.2020
20:34
We’re experiencing a temporary interruption in SEN redemptions- it seems like we may be exceeding a wire limit on their end. We’ve contacted Silvergate and are working to get this resolved ASAP. Mints are working as normal, as are redemptions through other banking partners. 5 favorite
07.20.2020
21:19
Over weekend $TUSD mCap grew by +$35M, now ~$165-170M Appears majority of growth driven by high earning rates on the @CurveFinance https://t.co/SNjW0cqAlQ pool, with some portion making it to @AaveAave DeFi leads wave of adoption & our team working to build deeper integration 9 favorite
07.20.2020
20:38
Mastercard has recently announced a new program geared specifically towards acquiring new cryptocurrency partners. Mastercard Expands Cryptocurrency Program for Crypto Card Issuers https://t.co/9RqPPj2Fth https://t.co/mBMRiEGLwq 7 favorite
07.17.2020
16:43
Cryptocurrency scams have been on the decline in 2020. However, a recent crypto scam has emerged, under the guise of "CryptoForHealth". Cryptocurrency Scam As Crypto Influencers Tweet About “CryptoForHealth” https://t.co/5nUzLsqgSl via @Forbes https://t.co/V2F2Ai6xnG 1 favorite
07.13.2020
15:21
One of the common issues plaguing crypto holders is the persistence of banks blocking crypto-related transactions. Why Banks Keep Blocking Cryptocurrency-Related Transactions https://t.co/ffwwpqHB1U via @Cointelegraph https://t.co/e05d0LkLH4 4 favorite
07.09.2020
22:22
For those interested in maximizing their tax benefits when trading cryptocurrency, regulated cryptocurrency futures bypass traditional capital gain rules applicable to crypto. Day Traders Can Use Regulated Crypto Futures To Save Big On Taxes https://t.co/4u9KSEVynd via @Forbes 6 favorite
07.08.2020
22:13
There have been a lot of recent changes and regulations in the cryptocurrency space, notably in tax regulations and IRS compliance. What Happened In The Cryptocurrency Tax Space In Q2 2020 https://t.co/dxq2zBeFww via @Forbes https://t.co/CvnptfVgXu 9 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 140 Stars
remove_red_eye 21 Watchers
usb 56 Forks
sync_problem 4 Open Issues
border_color 0.01 % Comment Coverage
lock_open Other License

attach_money TrueUSD Price Analysis

4.0

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TrueUSD Price Prediction

$ 1.001976 (-0.13%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 1.005572 (0.23%) 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 $ 1.001730 $ 6,785,162 check
# 2 Binance TUSD/BTC $ 1.000541 $ 4,624,879 check
# 3 Binance TUSD/ETH $ 1.000129 $ 2,129,288 check
# 4 Binance TUSD/EOS $ 0.999511 $ 1,142,593 check
# 5 Binance TUSD/LINK $ 0.999430 $ 749,876 check
# 6 Binance TUSD/XRP $ 1.000633 $ 331,071 check
# 7 Bittrex TUSD/BTC $ 1.001119 $ 309,767 check
# 8 Binance TUSD/LTC $ 1.001003 $ 282,539 check
# 9 Binance TUSD/BCH $ 1.002158 $ 269,421 check
# 10 Binance TUSD/ADA $ 0.998782 $ 175,122 check

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