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True USD (TUSD) - Live streaming prices and market cap | CCT - Crypto Currency Tracker
Cryptocurrencies: 2362 / Markets: 14605 Market Cap: 24h Vol:
True USD (TUSD) Rank 26
$1.013995
True USD (TUSD) Rank 26
Website Twitter
204,866,596 TUSD

True USD (TUSD)
True USD (TUSD)
TUSD

True USD (TUSD) Price
$1.01

True USD (TUSD) 24h Vol
$49,050,141

True USD (TUSD) Market Cap
$207,733,640

True USD (TUSD) Circulating
204,866,596

Full Name
True USD (TUSD)
Symbol
TUSD
Algorithm
BTC Price
0.000276408700 BTC
BTC Market
56,627 BTC
BTC 24h Vol
13,371 BTC
Total Coins Mined
204,866,596 TUSD
1h
0.04 %
24h
0.07 %
7d
-0.01 %

Charts



Description

Description


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 bank accounts are published every day and are subject to monthly audits. 

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.

Full Name True USD (TUSD)
Start Date N/A
Algorithm N/A
Proof Type N/A
Website https://www.trueusd.com/
Twitter @TrustToken
Facebook https://www.facebook.com/TrustToken/
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 204,866,596 TUSD
Previous Total Coins Mined N/A
Net Hashes Per Second N/A