What is TrueUSD (TUSD)?

Deep Dive

1. Purpose and value

TUSD aims to keep its value close to one U.S. dollar, offering a steadier unit for crypto transactions than assets with freely moving prices. It launched in 2018 and is available on networks including Ethereum and TRON, according to TrueUSD.

2. How it works

TUSD is issued against dollar reserves, and tokens can be created or redeemed through the issuer’s processes. TrueUSD has described using third-party reserve attestations—checks intended to show reserves correspond to tokens in circulation—and Chainlink’s Proof of Reserves. These checks are not the same as a guarantee that reserves are immediately accessible in every circumstance.

3. Important context

A Dubai court froze about $456 million in assets linked to a dispute over TUSD reserves in 2025; the allegations and recovery efforts were part of ongoing litigation, not a final resolution of the claims (The Defiant). That history highlights that a stablecoin’s dollar target depends not only on its design, but also on reserve custody, redemption access, and issuer operations.

Conclusion

TUSD is a multi-chain, centrally issued stablecoin intended to represent U.S. dollars on crypto networks, with reserve and redemption arrangements central to how it functions. How will its issuer demonstrate that reserves remain transparent and accessible?