1D
United States Dollar logo
USD

TrueUSD ($TUSD)

TUSD Price
$1.0024
-0.01%
Market Cap
$1.43B
-1.43%
Volume
$99.32M
84.07%
Transp. Vol.
62%102.24%
Grade
B gradeB grade
Rank
#61

TUSD / TrueUSD Chart

(24 hour)
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TrueUSD Daily Performance

Today's TrueUSD price is $1.0024, which is down <1% over the last 24 hours. TrueUSD's market cap is $1.43B. 24 hour TUSD volume is $99.32M. It has a market cap rank of 61 with a circulating supply of 1,428,470,549 and max supply of 1,428,470,549. TrueUSD is traded on exchanges. TrueUSD had an all-time high of $1.0926 about 3 years ago. Over the last day, TrueUSD has had 62% transparent volume and has been trading on 734 active markets with its highest volume trading pairs being .

TUSD Data Highlights
TrueUSD Price (24hr)$1.0024 (-0.01%)
Market Cap$1.43B (-1.43%)
Trading Volume (24hr)$99.32M (84.07%)
Transparent Vol. (24hr)
$61.94M62% (102.24%)
Transparency GradeB gradeB grade(Good)
Circulating Supply1,428,470,549 (100.00%)
7D Price Prediction
N/A
1st 1D CandleMar '18
1st TradeMar '18
1st OrderbookAug '18
Exchanges116
Trading Pairs734
Updated2 minutes

TrueUSD Statistics

Price

$1.0024
Price Change
-$0.00005916 (-0.01%)

All-Time High

$1.0926
Date of ATH5/21/2018
Days Since ATH1128
% of ATH91.75%
Price vs ATH

Market Cap

$1.43B
Mkt Cap Change
-$20.81M-$20,806,591 (-1.43%)
Mkt Cap Rank61
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

1,428,470,549
Max Supply1,428,470,549
% in Circulation100.00%
% in Circulation

Volume

$99.32M$99,317,389
Vol. Change
$45.36M$45,361,095 (84.07%)
Exchange VolumeUnknown

Transparent Volume

62%
Transparent Volume (Δ)
102.24%
Transparent Volume
A - 62%
B - 7%
C - 8%
D - 23%
? - <1%

About TrueUSD

TrueUSD (TUSD) is a fully collateralized ERC-20 token pegged to the price of the US dollar at a 1:1 ratio. Introduced in early 2018, TUSD is also the first cryptoasset built on the TrustToken platform. According to the website, TrueUSD is the “first regulated stablecoin fully backed by the US Dollar.”

TrustToken is an asset tokenization platform for people who want to trade physical assets on a blockchain. Starting with the creation of stablecoins like TrueUSD, TrustToken hopes to eventually provide the technology and legal structure to tokenize and transact real-world assets on blockchains in a way that is legally enforced, audited, and collateralized.

The TrustToken company was co-founded in 2017 by Jai An (CEO), Rafael Cosman (Head of Engineering and Product), Tory Reiss (Head of Partnerships and Business Development), and Stephen Kade. Before TrustToken, An was a data scientist at Kernel, Cosman was a machine learning engineer at Google, Reiss did business development at Microsoft, and Kade was a cofounder of a startup called NeuroTechX. At the time of this writing, the company is headquartered in San Francisco.

In June 2018, TrustToken raised $20 million to further develop the platform. Investors included Andreessen Horowitz, Founders Fund Angel (Pathfinder), Jump Trading Capital, Foundation Capital, Danhua Venture Capital (DHVC), Distributed Global, ZhenFund, Stanford-StartX, Signia Venture Partners, GGV Capital, and BlockTower Capital.

TrueUSD is regulated by the Nevada Department of Business & Industry because it’s US dollar holdings are stored in numerous bank accounts belonging to different trust companies in that state. In addition, TrustToken is registered and regulated as a federal Money Service Business by the Financial Crimes Enforcement Network (FinCEN).

Unlike BaseCoin and MakerDao which use algorithms to maintain price stability, TrueUSD keeps its value stable by being asset-backed. New TUSD is minted when an escrow account receives US dollars. When a token holder converts TUSD to USD, the commensurate amount of TrueUSD is immediately burned. Both the creating and burning of TUSD occur automatically with smart contracts on the TrustToken platform. In this way, the total supply of TrueUSD in circulation is always equal to the money in the escrow accounts.

Cohen & Company, a Maryland-based independent accounting firm, provides monthly audits of the collateralized funds held in the escrow accounts. The results of Cohen & Company’s examinations are published in monthly reports available on the TrustToken blog.

In April 2019, TrustToken launched five new cryptocurrency stablecoins: TrueGBP which is backed by the British pound, TrueAUD which is backed by Australian dollars, TrueEUR which is backed by Euros, TrueCAD which is backed by Canadian dollars, and TrueHKD which is backed by Hong Kong dollars.

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TrueUSD Markets

(Top 10)
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TrueUSD Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current TrueUSD price? How much is 1 TrueUSD worth?

    The price of 1 TrueUSD is $1.0024. Over the last 24 hours, a TrueUSD is worth -0.01% less. Go here to convert TUSD prices to currencies other than USD.
  • When did TrueUSD start?

    The earliest trading data for TrueUSD is on March of 2018 (based on current exchange data).
  • How high can the TrueUSD price go?

    TrueUSD’s price has gone as high as $1.0926 (which is TUSD’s all-time high). It achieved this price about 3 years ago. Speculations abound for how high TrueUSD’s price will get in the future.

Today's TUSD / TrueUSD News for June 22, 2021

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