Coin Information - TrueUSD - TUSD



Market Capitalization
USD 208,453,757.082
24hr Volume (Global)
36,556,461.222
Circulating Supply
205,477,702.28
Current Price
USD 1.01448359004
Date (UTC)
2019-02-23 03:49:45
TrueUSD, part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin pegged to the value of USD. In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company. The contents of said escrow account is verified by an independent third-party accountant that publishes monthly attestation reports.
If someone wants to obtain TrueUSD through the online application, they will need to pass a KYC/AML check. Once that’s complete, they can send USD to one of TrueUSD’s trust company partners. Once the funds are verified by the trust company, their API will instruct the TrueUSD smart contract to issue tokens on a 1 to 1 ratio and to send them to the Ethereum address associated with the account at hand.
Once in the wallet, the tokens can be transferred to a friend or used as payment, combining the advantages of fiat (stability and trust) with those of cryptocurrencies (reduced fees and transfer times). The user can also redeem real US Dollars by sending the TUSD tokens back to the smart contract address, which will notify the trust company, and initiate a bank transfer to the user’s account.
Last
3977.91000000
24h Change
0.788%
24h High
4001.89000000
24h Low
3862.67000000
24h Volume
2.37589148 TUSD
Interval