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True USD (TUSD) Rank 39
$1.002181 0.0000881383 BTC

True USD (TUSD)
True USD (TUSD)
TUSD

Buy / Sell True USD
True USD (TUSD) Rank 39
Website Twitter
197,940,607 TUSD
Buy / Sell True USD

True USD (TUSD)
True USD (TUSD)
TUSD

True USD (TUSD) Price
$1.00

True USD (TUSD) 24h Vol
$212,140,114

True USD (TUSD) Market Cap
$198,372,232

True USD (TUSD) Circulating
197,940,607

Full Name
True USD (TUSD)
Symbol
TUSD
Algorithm
BTC Price
0.00008814 BTC
BTC Market
17,446 BTC
BTC 24h Vol
18,657 BTC
Total Coins Mined
197,940,607 TUSD
1h
0.10 %
24h
0.08 %
7d
0.16 %

True USD (TUSD)'s current market price and rate is $1.00 (0.00008814 BTC) with a marketcap of $198,372,232. The total available supply of True USD is 197,940,607 TUSD and this crypto coin secured Rank 39 in the cryptocurrency market. TUSD price is 0.10% up in last 24 hours.

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Description

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 bank accounts are published every day and are subject to monthly audits. 

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.

Full Name True USD (TUSD)
Start Date N/A
Algorithm N/A
Proof Type N/A
Website https://www.trueusd.com/
Twitter @TrustToken
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 197,940,607 TUSD
Previous Total Coins Mined N/A
Net Hashes Per Second N/A

Live True USD (TUSD) prices from all markets and TUSD coin market Capitalization. Stay up to date with the latest True USD price movements. Check our coin stats data and see when there is an opportunity to buy or sell True USD at best price in the market and get cheap TUSD in your own wallet.

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