TUSD - TrueUSD Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. | Nomics
YTD
USD

TrueUSD (TUSD)

TUSD Price
$1.0010
-5.36%
Market Cap
$312.18M
91.59%
Volume
$200.79B
179.21%
Transp. Vol.
3%-24.40%
Grade
B gradeB grade
Rank
#59

TUSD / TrueUSD Price

(1 year)
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TrueUSD Year-to-Date Performance

Today's TrueUSD price is $1.0010, which is down 5% since the beginning of the year. TrueUSD's market cap is $312.18M. Year to date TUSD volume is $200.79B. It has a market cap rank of 59 with a circulating supply of 311,872,692 and max supply of 311,872,692. TrueUSD is traded on exchanges. TrueUSD had an all-time high of $1.0926 over 2 years ago. Since the beginning of the year, TrueUSD has had 3% transparent volume.

TUSD Data Highlights
Market Cap
$312.18M
91.59%
Volume
$200.79B
179.21%
Transp. Vol.
$5.59B3%-24.40%
Transparency GradeB gradeB grade(Good)
Circulating Supply311,872,692
Max Supply311,872,692
7D Price Prediction
N/A

TrueUSD Statistics

Price

$1.0010
Price Change
-$0.056705 (-5.36%)

All-Time High

$1.0926
Date of ATH5/21/2018
Days Since ATH918
% of ATH91.61%
Price vs ATH

Market Cap

$312.18M
Mkt Cap Change
$149.24M$149,235,682 (91.59%)
Mkt Cap Rank59
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

311,872,692
Max Supply311,872,692
% in Circulation100.00%
% in Circulation

Volume

$200.79B$200,790,059,896
Vol. Change
$128.88B$128,876,186,502 (179.21%)
Exchange VolumeUnknown

Transparent Volume

3%
Transparent Volume (Δ)
-24.40%
Transparent Volume
A - 3%
B - <1%
C - 88%
D - 9%
? - <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 $1.0010. Over the last 24 hours, a TrueUSD is worth -0.90% 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 over 2 years ago. Speculations abound for how high TrueUSD’s price will get in the future.

Today's TUSD / TrueUSD News for November 24, 2020

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