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What is TrueUSD?

What is TrueUSD?

TrueUSD

TUSD

What is TrueUSD (TUSD)?

TrueUSD (TUSD) is one of the most popular dollar-backed stablecoins on the market. In the wake of the controversy surrounding other stable coins, TrueUSD gained notoriety due to its transparency and regulatory compliance. TUSD is an ERC20 stablecoin backed by the US Dollar at a ratio of 1:1. It is the first regulated USD-backed stablecoin to ever hit the market. 

TrueUSD was the brainchild of the TrustToken platform in 2018. After the 2017/2018 crypto market crash, TrustToken saw an opportunity to combat bad actors and manipulators in space. Hence, TrustToken wanted to create a stablecoin that prioritizes real-time audits, legal protections, and transparency for token holders. 

The entire circulating supply of TUSD is fully collateralized by US dollars. To keep the funds of its holders safe, Trust Token utilizes multiple escrow accounts and divides the USD funds into various bank accounts of respected trust companies. Therefore, it’s a secure and reliable stablecoin for those looking to enter and exit the crypto market safely, efficiently, and in a stable manner. 

What is the TrueUSD price?

YouHodler aggregates prices from top centralized exchanges to provide an accurate TrueUSD price and charts. 

Where to buy TrueUSD?

The easiest way to buy TrueUSD is to purchase it through a crypto app like YouHodler. Our universal cryptocurrency exchange service lets you convert any crypto, fiat, or stablecoin with competitive fees.

How to earn interest on TrueUSD?

The best way to earn interest on True USD is by depositing it in a YouHodler savings account. Interest payments occur weekly and YouHodler features compounding interest. 

How to trade TrueUSD?

Leverage market volatility to stack your crypto portfolio and trade True USD with Multi HODL. Multi HODL is a user-friendly tool to take advantage of market swings in either direction. Become an “active HODLer” today. 

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