TrueUSD
TUSD
Crypto
Stablecoin
USD 1.00-0.01%
TrueUSD
UMushroom community rating:
About
Stablecoin
Categoryn/a
Consensus MechanismL2
L1/L2Asset backed
Sub-cateegoryethereum
Ecosystem2018
Year of creation
Description
TrueUSD (TUSD) is a Stablecoin crypto token. TrueUSD was founded on 2018-03-06 on the ETHEREUM ecosystem. More information can be found at https://tusd.io/.
Key Technical Advantages:
TrueUSD (TUSD) is a stablecoin: It is pegged to the US dollar, providing stability in an otherwise volatile crypto market. Real-time reserve auditing: To ensure transparency and prove that each TUSD token is backed by the appropriate amount of US dollars, TUSD engages Armanino LLP and The Network Firm LLP, leading US accounting firms, for real-time reserve auditing and attestation for its USD reserve coverage rate. Multi-chain support: TrueUSD is available on multiple blockchain networks, including Ethereum, TRON, Avalanche, BNB Beacon Chain, and BNB Smart Chain, as well as other public chains through cross-chain solutions. This allows for broader use and integration across various decentralized finance (DeFi) platforms and applications. Chainlink's Proof of Reserves: TUSD has implemented Chainlink's Proof of Reserves, a decentralized oracle solution that securely connects smart contracts with off-chain data to secure minting and further ensure transparency and reliability of the TUSD stablecoin. Compliance and regulation: TrueUSD is operated by a regulated operator and maintains a strong focus on compliance, including adherence to anti-money laundering (AML) and know-your-customer (KYC) regulations. This commitment to regulatory compliance helps to build trust and credibility for the stablecoin within the crypto ecosystem. Content summarized by AI chatbotSource:
Key figures
-0.08%1Y
0.08%3Y
-0.11%5Y
Performance
1/ 01D
1/ 01M
1/ 01Y
Highs/ Lows
13.09.2022
USD 1.07
All Time High
93.34%
% of All Time High
-12.13%All Time
-3.08%1 year
Max drawdown
#156
Ranking by Market Cap
495.17 M
Market cap (USD)
0.00%
% of Market
203.683 B
Category Market Cap (USD)
0.24%
% of Category
495601552
Circulating Supply
495601552
Liquid Supply
100.00%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
49097415
Volume Traded
9.61%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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