TrueUSD (TUSD) is a stablecoin that is pegged to the US dollar. It is backed by fiat currency that is held in reserve by TrustToken, a company that specializes in creating and managing stablecoins. TUSD is an ERC-20 token that runs on the Ethereum blockchain.
TUSD was created in 2018 as a way to provide a more stable and reliable alternative to other cryptocurrencies. It is designed to be used for a variety of purposes, including payments, trading, and hedging. TUSD is currently one of the most popular stablecoins in the world, with a market capitalization of over $1 billion.
Here are some of the key features of TrueUSD:
- Pegged to the US dollar: TUSD is always worth 1 US dollar. This is because it is backed by fiat currency that is held in reserve by TrustToken.
- ERC-20 token: TUSD is an ERC-20 token, which means that it can be used on the Ethereum blockchain. This makes it compatible with a wide range of wallets, exchanges, and dApps.
- Transparently backed: TUSD is transparently backed by fiat currency. This means that anyone can verify that the reserves are actually there.
- Audited by a third party: TUSD is audited by a third party, which means that its reserves are independently verified.
TrueUSD is a reliable and transparent stablecoin that is backed by fiat currency. It is a good choice for people who are looking for a stable and secure way to store their value.
what is TrustToken
TrustToken is a company that specializes in creating and managing stablecoins. It was founded in 2017 by Rafael Cosman and Stephen Pair. TrustToken’s mission is to “build the bridge between the traditional financial system and the new world of digital assets.”
TrustToken’s first stablecoin was TrueUSD (TUSD), which is pegged to the US dollar. TUSD is backed by fiat currency that is held in reserve by TrustToken. TUSD is an ERC-20 token that runs on the Ethereum blockchain.
TrustToken has since launched a number of other stablecoins, including TrueAUD (TAUD), TrueCAD (TCAD), TrueGBP (TGBP), TrueHKD (THKD), and TrueEUR (TEUR). These stablecoins are all backed by fiat currency and are held in reserve by TrustToken.
TrustToken’s stablecoins are used by a variety of businesses and individuals. They are used for payments, trading, and hedging. TrustToken’s stablecoins are also used by a number of decentralized finance (DeFi) applications.
TrustToken is a leading provider of stablecoins. Its stablecoins are reliable, transparent, and backed by fiat currency. TrustToken is committed to building the bridge between the traditional financial system and the new world of digital assets.