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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. 

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...

Altcoin Spotlight: TrueUSD

1 Jun 2023 4 minute read 0 comments

In the dynamic world of cryptocurrencies, stability and reliability are sought-after qualities that can often be elusive. Amidst this landscape, TrueUSD (TUSD) emerges as a trusted and transparent stablecoin, offering users a secure and predictable d...

TUSD achieves second-highest trading volume among stablecoins

26 May 2023 1 minute read 1 comment Stormgain

The stablecoin market is going through hard times, as evidenced by its 14 consecutive months of decline. In May, the sector's capitalisation fell by another 0.5% to $130 billion. TrueUSD, however, avoided the negative trend. Its market capitalisation...

Binance will use TrueUSD stablecoin

16 Mar 2023 1 minute read 3 comments Yugocean

Binance has started accepting True USD (TUSD). $TUSD is a project of TrustToken co-founder Rafael Cosman and is believed to be the first crypto with live on-chain attestations.   A Replacement for BUSD? Binance is believed to be looking for a new...

Top 5 Stablecoins for Crypto Payments

9 Feb 2023 5 minute read 5 comments NOWPayments

Accept payments in stablecoins Stablecoins have firmly entered the lives of business owners because they allow for a safe, cost-effective, and fast money turnover with clients and business partners. Thanks to blockchain technology, stablecoins ha...

What Is TrueUSD ($TUSD)?

3 Jun 2022 5 minute read 0 comments Notum DeFi App

What Is TrueUSD? TrueUSD is a classic representative of fiat-backed stablecoins, along with Tether, USDCoin, and others. The TUSD stablecoin is the brainchild of the TrustToken company, whose activities are aimed at tokenizing fiat currencies, includ...