TrueUSD (TUSD)

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TrueUSD (TUSD) is a stablecoin that was launched in early 2018 by Jai An, Rafael Cosman, Tory Reiss and Stephen Kade. Backed by the US Dollar, like most other stablecoins, TrueUSD (TUSD) was launched with the intention of helping investors mitigate the extreme volatility of the cryptocurrency market.

TrueUSD is based on the TrustToken platform. Each TUSD stablecoin is backed by 1 US Dollar, though several more fiat currencies have been added since the launch of the platform. This includes the True Canadian Dollar (TCAD), True Australian Dollar (TAUD) and the True Great British Pound (TGBP). Most recently, the team launched the True Hong Kong Dollar (TrueKHD), the first Asian currency backed stablecoin.

Unlike some other stablecoins, the TrueUSD system, according to the team, does not have access to the funds, for the purposes of security, and instead uses escrow accounts to handle all transactions. The team publishes attestations that confirm the existence of funds to back up the tokens on their blog.

Recent development milestones for the team include the launch of TrueUSD AutoSweep, a wallet management feature for exchanges and Over-the-Counter (OTC) desks. Partnerships are also an important priority for the team, for the purposes of ecosystem expansion. A recent partnership with crypto lender Cred sees users getting interest gains, of up to 8%, on loans made to the Cred platform. 


How to Earn TrueUSD (TUSD): A Complete Guide to Maximizing Your APY

22 Dec 2024 3 minute read 1 comment Criffy

Introduction to TrueUSD (TUSD) TrueUSD (TUSD) is a fully backed stablecoin that is pegged to the U.S. dollar, offering a reliable and secure way to store value in the crypto world. Its stability, transparency, and wide adoption make it an attractive...

TUSD loses its peg to the US dollar

19 Jan 2024 1 minute read 0 comments Stormgain

The stablecoin market has seen better days and is still suffering from the collapse of the UST stablecoin. The total capitalisation for stablecoins has gone from a high of $188 billion at the beginning of May 2022 to just $134 billion now. This time...

Tusd at $ 0.97, lost the Peg towards the dollar

17 Jan 2024 1 minute read 0 comments KMatt

The Stablecoin Trueusd (Tusd) has lost its $ 1 PEG against the US dollar on January 16, 2024, going down to a minimum of $ 0.97, and then settles at $ 0.99. This event is attributed to a series of factors, including the Binance focus on the Fdusd Sta...

Justin Sun linked True USD stablecoin is in trouble

17 Jan 2024 1 minute read 3 comments Yugocean

    Justin Sun's True USD (TUSD) stablecoin is depegged, and is in troubled waters as it's market is drifting away.   Depeg Trouble       TUSD is defined as the first digital asset that is transparent and verifiable 1:1 backed with the United State...

Archblock: Moving Institutions Onto Modern Financial Infrastructure

13 Dec 2023 1 minute read 0 comments InsideCrypto

Hi everyone, we are back with another episode of our podcast allowing you to get to know people working behind the scenes of the crypto industry. Today we are joined by Bill Wolf, who is the Chief Investment Officer of Archblock. He has been in the...

Goldfinch & TrueFi - leading RWA protocols

27 Sep 2023 1 minute read 1 comment fmiren

Goldfinch protocol Goldfinch aims to create a global credit marketplace where anyone can originate a loan. The process begins with the Borrowers proposing deal terms for credit lines called Borrower Pools which are smart contracts containing informa...

Binance Lauchpool --> Token SEI [ENG/FR]

2 Aug 2023 5 minute read 0 comments Phanty

Hello everyone, Binance's Lauchpool for the Sei project has just been launched and it's a great opportunity to farm a few tokens before the listing! So let's take a look at what Sei is and how to take advantage of the lauchpool to earn a few tokens...

Binance SEPA Changes and Pendle Added to Launchpad

6 Jul 2023 2 minute read 169 comments Smoljanović

Binance SEPA changes and Pendle added to Launchpool Launchpool is one of my favorite methods of earning on Binance, although there is often nothing available in the pool.  The long list of completed Launchpool projects is available by clicking “view...

TUSD going down?

28 Jun 2023 2 minute read 1 comment bengy

Unsplash     Unsplash   Wow... ever since BUSD was limited to redemptions only, making it was pretty much useless for Binance to use as an exchange stablecoin, the exchange has been pushing TUSD as the preferred alternative for Binance. Hones...

About to try my first-ever launchpool, wish me luck

21 Jun 2023 1 minute read 0 comments LeftFooted

I'm gonna own up to something: I've never tried Binance's Launchpool features. But I'm about to. For reasons that I can't understand and can't be bothered to explore, I can't buy crypto through Binance. So I used a different platform, bought some B...