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