What is TrueUSD (TUSD)?

Deep Dive

1. Purpose & Value Proposition

TrueUSD aims to solve the core issue of trust in stablecoins by providing verifiable, real-time proof of its dollar reserves. Unlike models that rely on algorithms or crypto collateral, TUSD uses a straightforward fiat-backed structure. Its value proposition hinges on transparency; independent auditor Moore Hong Kong issues daily attestation reports confirming the reserve balance and 100% collateralization rate (TUSD). This is intended to give users and institutions confidence that every token is redeemable for one US dollar.

2. Technology & Architecture

As a standard token, TUSD does not have its own blockchain. Instead, it leverages the security and infrastructure of existing networks. It is natively deployed (not just bridged) on 12 mainstream public chains, including Ethereum, TRON, Avalanche, and Polygon. This multi-chain approach reduces friction for users across different ecosystems. The protocol also integrates Chainlink's Proof of Reserve (PoR) to further secure the minting process and enhance reliability (CoinMarketCap).

3. Key Differentiators

TUSD's primary differentiator is its daily attestation schedule, which offers more frequent transparency than many competitors that provide monthly reports. Furthermore, it is the first stablecoin to be granted formal legal status as digital currency by a sovereign nation (Dominica, effective October 2022). However, its governance and reserve management have faced significant scrutiny, including legal disputes over alleged misuse of funds and a low stability score from S&P Global Ratings in late 2025, highlighting the critical importance of its attestation model in practice.

Conclusion

TrueUSD is fundamentally a transparency-focused stablecoin whose identity is built on frequent, independent verification of its dollar reserves. Its multi-chain presence and unique legal status aim to foster trust and utility in global payments. Will its attestation model prove robust enough to overcome governance challenges and sustain long-term user confidence?