TUSD is the first digital asset to offer live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar (USD). It has been listed on over 100 trading platforms, including Binance and Huobi, and is supported by 12 major public chains, such as Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD undergoes real-time attestation by an independent, industry-specialized accounting firm in the U.S. to guarantee the 1:1 ratio of its USD reserves to the circulating token supply, ensuring a 100% collateral rate. With the integration of Chainlink PoR, TrueUSD becomes the first USD-backed stablecoin to secure minting and further uphold transparency and reliability. Users can access the relevant data at any time via the official website tusd.io. TUSD was granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica, a country in the Caribbean, effective October 7, 2022.

As of March 2023, approximately 2 billion TrueUSD (TUSD) were in circulation. As a stablecoin, its supply is uncapped and will continue to expand in response to demand.

TrustToken seeks to provide maximum transparency by utilizing tools like real-time auditing to verify TUSD’s backing and reliability. In addition to ensuring the validity of its USD peg, any security concerns are similar to those affecting all ERC-20 standard tokens. For instance, transactions may incur unusually high fees if gas prices on the Ethereum blockchain suddenly increase.

As a leading USD stablecoin, TrueUSD (TUSD) is widely accessible on major exchanges, offering trading pairs with both cryptocurrencies and other stablecoins. Currently, the highest trading volumes are observed on Binance and the DeFi automated market maker, Curve. New to cryptocurrency? Explore our simple guide to purchasing Bitcoin and other digital currencies.

TrueUSD, abbreviated as TUSD, is a stablecoin designed to maintain a 1:1 value ratio with the US dollar. It is backed by real US dollars held in escrow, ensuring that there is an equivalent amount of US dollars securely stored for every TUSD token in circulation. This backing is verified through daily attestations conducted by independent third-party institutions, which audit the reserves to confirm their existence and sufficiency, providing transparency and trust for users. TUSD was the first stablecoin to offer live on-chain attestations, enhancing operational transparency and enabling users to verify the 1:1 backing of TUSD tokens with US dollars in real time. These attestations are carried out by an independent, industry-specialized accounting firm in the US, ensuring the stablecoin’s reliability. The token operates on multiple blockchain networks, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon, thereby enhancing its accessibility and utility across various ecosystems. This multi-chain presence facilitates a broader range of transactions and applications, from trading on exchanges to transactions in decentralized finance (DeFi) platforms. As of March 2023, approximately 2 billion TUSD tokens were in circulation. The supply of TUSD is uncapped, meaning it can fluctuate based on demand, with new tokens minted when users purchase TUSD with USD and tokens burned when users redeem TUSD for USD. For security, TrueUSD utilizes the inherent security measures of the ERC-20 standard for tokens on the Ethereum blockchain and incorporates additional measures like real-time auditing and the integration of Chainlink's Proof of Reserve (PoR). This ensures the security of transactions and the transparency and reliability of the token's backing. Globally, TUSD has gained recognition and use, achieving statutory status as an authorized digital currency in the Commonwealth of Dominica. This milestone indicates its growing acceptance and potential for broader adoption in financial transactions and applications. TUSD is available on various cryptocurrency exchanges, where it can be traded against other cryptocurrencies and stablecoins, making it a convenient option for users looking to hedge against market volatility or seeking a stable medium of exchange. It is essential to conduct thorough research and consider the inherent risks associated with cryptocurrencies before engaging in any investment or trading activities.

TrueUSD (TUSD) is a stablecoin fully backed by the U.S. dollar, ensuring a 1:1 peg to USD. The security and trust in TrueUSD are supported by several key mechanisms that ensure its stability and reliability. Firstly, TrueUSD employs regular audits by independent third-party institutions. These audits verify that each TUSD token in circulation is fully backed by an equivalent amount of U.S. dollars, held in reserve. This process helps maintain transparency and trust among users and investors. Alongside regular audits, TrueUSD incorporates advanced auditing and attestation mechanisms. These include live on-chain attestations, where the token's backing is verified in real-time by an independent, industry-specialized accounting firm. This transparency is further enhanced through blockchain technology, specifically via Chainlink's Proof of Reserve (PoR). This integration allows for the secure minting of TUSD tokens and provides users with access to up-to-date information regarding the token's USD reserve. TrueUSD also ensures its security through full collateralization. Every TUSD token is backed 1:1 with the U.S. dollar, held in reserve. This full collateralization not only supports the token's value but also offers a layer of legal protection for token holders. Moreover, TrueUSD has taken proactive measures to distance itself from potential scams and continuously improve its security measures. This commitment to security is reflected in its status as an authorized digital currency in the Commonwealth of Dominica, providing additional regulatory compliance and legal protection. It's important for individuals to conduct their own research before investing in any cryptocurrencies, including stablecoins like TrueUSD. Despite the robust security measures in place, the dynamic nature of the cryptocurrency market means that investors should be well-informed and cautious.

TrueUSD (TUSD) functions as a digital representation of the U.S. dollar across multiple blockchain platforms. It is engineered to maintain a 1:1 peg with the USD, ensuring that each token can be exchanged for an equal amount of fiat currency. This stablecoin is employed in a wide range of financial activities, such as trading, remittances, and payments. Its availability on over 100 trading platforms and compatibility with various blockchain ecosystems, including Ethereum, TRON, and Binance Smart Chain, among others, promotes its extensive usage. The token's utility is further amplified by its integration with Chainlink's Proof of Reserve (PoR), which provides real-time verification of the reserves backing TUSD. This attribute highlights the token's transparency and reliability, establishing it as a trustworthy medium for various transactions. Additionally, the lack of minting and redemption fees makes TUSD an appealing choice for users looking to transfer funds or engage in trading activities without incurring additional costs. TUSD's legal recognition as an authorized digital currency in the Commonwealth of Dominica demonstrates its increasing acceptance and potential for wider adoption in payments and remittances. The token's supply, which was approximately 2 billion as of March 2023, is uncapped, allowing for expansion in response to demand. Security measures for TUSD include real-time auditing by an independent accounting firm, ensuring that the token remains fully collateralized by USD reserves. However, as an ERC-20 token, it shares similar security considerations with other tokens on the Ethereum network, including potential vulnerabilities to high transaction fees during periods of network congestion. In summary, TrueUSD's utility encompasses trading, remittances, and payments, underpinned by its stable value, transparency, and security features. Its wide availability on major exchanges and integration across various blockchain ecosystems make it a versatile tool for users within the cryptocurrency space.

TrueUSD (TUSD) has established itself in the cryptocurrency landscape through a series of significant developments and achievements. A noteworthy aspect of TrueUSD is its innovative approach to transparency and trust. It became the first USD-pegged stablecoin to offer daily attestations of its underlying reserves by independent third-party institutions. This initiative was designed to ensure the 1:1 ratio of its USD reserve to the circulating token supply, thereby reinforcing the stability and reliability of TUSD. In the third quarter of 2023, TrueUSD reached a significant milestone with a daily trading volume surpassing $1 billion. This achievement highlights the growing acceptance and use of TUSD in the cryptocurrency market, reflecting its liquidity and the trust it has built among users. The listing of TrueUSD on multiple top-tier exchanges has greatly enhanced its accessibility and liquidity. Being available on over 100 trading platforms, including some of the largest exchanges in the cryptocurrency ecosystem, has facilitated widespread adoption and utilization of TUSD across various blockchain networks. TrueUSD's commitment to security and transparency is further demonstrated by its integration with Chainlink Proof of Reserve (PoR). This integration secures the minting process, enhancing the transparency and reliability of TrueUSD. Furthermore, the real-time auditing by an independent, industry-specialized accounting firm in the U.S. provides an additional layer of trust, allowing users to verify the 1:1 peg and the 100% collateral rate at any time. The statutory status granted to TrueUSD as an authorized digital currency and medium of exchange in the Commonwealth of Dominica represents a significant step towards regulatory recognition and acceptance. This development not only legitimizes TUSD in a jurisdictional context but also opens new avenues for its use and adoption. With approximately 2 billion TUSD in circulation as of March 2023, and an uncapped supply model that expands according to demand, TrueUSD has positioned itself as a key player among USD stablecoins. Its security measures, including adherence to the ERC-20 standard and mitigation of transaction fee volatility, further ensure a secure and efficient ecosystem for its users. In conclusion, TrueUSD has demonstrated substantial growth and innovation in the stablecoin sector, marked by its commitment to transparency, security, and regulatory compliance. Its achievements and developments have solidified its position in the cryptocurrency market, making it a noteworthy stablecoin for users and investors alike.