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Cryptocurrencies:  7,567Markets:  31,849Market Cap:  $401,597,807,72024h Vol:  $80,458,304,322BTC Dominance:  63.7%
Market Cap:  $401,597,807,72024h Vol:  $80,458,304,322BTC Dominance:  63.7%Cryptocurrencies:  7,567Markets:  31,849
TrueUSD

TrueUSD (TUSD)

$0.998275 USD (-0.17%)
0.00007247 BTC (-1.71%)
0.03516596 BNB (0.48%)
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  • Market Cap
    $255,461,429 USD
    18,546 BTC
    8,999,069 BNB
  • Volume (24h)
    $79,094,332 USD
    5,742 BTC
    2,786,234 BNB
  • Circulating Supply
    255,902,798 TUSD

About TrueUSD

TrueUSD price today is $0.998275 USD with a 24-hour trading volume of $79,094,332 USD. TrueUSD is down 0.17% in the last 24 hours. The current CoinMarketCap ranking is #55, with a market cap of $255,461,429 USD. It has a circulating supply of 255,902,798 TUSD coins and the max. supply is not available. The top exchanges for trading in TrueUSD are currently Binance, Huobi Global, OKEx, BitZ, and CoinTiger. You can find others listed on our crypto exchanges page.

What Is TrueUSD (TUSD)?

TrueUSD is a U.S. dollar stablecoin pegged to USD at 1:1. First launched to a limited investor base in January 2018, TrueUSD has since grown to incorporate almost $400 million of backed tokens as of October 2020.

TrueUSD is one of a number of cryptocurrency stablecoins administered by TrustToken, a platform for tokenizing real-world assets.

As with other stablecoins, TrueUSD aims to facilitate increased liquidity and provide cryptocurrency traders and general users with a nonvolatile asset relative to free-floating tokens such as Bitcoin (BTC).

As of October 2020, TUSD is the 38th largest cryptocurrency by market cap.

Who Are the Founders of TrueUSD?

TrueUSD is a stablecoin launched by parent company TrustToken, whose co-founder and CEO is Rafael Cosman.

Cosman has a lifelong attachment to cryptography, studying it along with artificial intelligence (AI) before working at both Google Brain and software company Palantir. He left Google to create TrustToken in 2017.

Cosman has stated that TrueUSD was always just the start of TrustToken’s product line, involving relatively little work in return for creating a high-impact asset.

At the time of launch, he noted that regular auditing of the stablecoin formed an important focus for the company, giving investors peace of mind at a time when many cryptoassets were seeing heavy volatility in the wake of the initial coin offering (ICO) phenomenon.

What Makes TrueUSD Unique?

TrueUSD aims to balance stability and utility — the main use cases of any stablecoin — with security in the form of regular attestations.

From its launch onwards, parent company TrustToken has sought to underscore the importance of independent verification of the stablecoin’s provenance. As such, the stablecoin’s appeal is geared towards larger investors looking to reduce risk, in addition to smaller private traders.

TrustToken describes TUSD as “the first regulated stablecoin fully backed by the US Dollar.”

TrueUSD is part of an ever-expanding stablecoin market, which now includes a large number of USD-backed assets. Tether (USDT) remains by far the largest, with a market cap of $15 billion as of October 2020, compared to TUSD’s $382 million.

TrustToken has entered various corporate partnerships as part of its business activities, including options for TUSD holders to increase annualized passive income returns.

Learn more about Tether here.

Learn more about USD Coin here.

New to cryptocurrency? Find all the information you need with Alexandria, CoinMarketCap’s dedicated education resource.

How Many TrueUSD (TUSD) Coins Are There in Circulation?

There was around 381.9 million TUSD in circulation as of October 2020. Given its status as a stablecoin, the supply is uncapped, and will continue to expand according to demand.

There are two incarnations of TUSD available: an ERC-20 token on Ethereum and another, also known as TUSDB, a BEP-2 token on Binance Chain.

TrueUSD’s equivalent redeemability for USD is maintained via partnerships with banks and fiduciary entities.

How Is the TrueUSD Network Secured?

TrustToken aims to deliver maximum transparency using tools such as real-time auditing of TUSD’s backing and reliability.

Beyond trusting the validity of its USD peg, any security issues relate to those which affect all ERC-20 standard tokens. Transactions, for example, can suffer from abnormally high fees if gas prices on the Ethereum blockchain spike.

Where Can You Buy TrueUSD (TUSD)?

As one of the largest USD stablecoins, TUSD is freely available on major exchanges, with pairs for cryptocurrencies and other stablecoins available.

Among the largest volume currently belongs to Binance and DeFi automated market maker Curve.

New to crypto? Read our easy guide to buying Bitcoin and other cryptocurrencies."

TrueUSD Price

TrueUSD Price$0.998275 USD
TrueUSD ROI
-0.02%
Market Rank#55
Market Cap$255,461,429 USD
24 Hour Volume$79,094,332 USD
Circulating Supply255,902,798 TUSD
Total Supply255,902,798 TUSD
Max SupplyNo Data
All Time High
$1.36 USD
(May 16, 2018)
All Time Low
$0.917877 USD
(Mar 13, 2020)
52 Week High / Low
$1.08 USD /
$0.917877 USD
90 Day High / Low
$1.02 USD /
$0.993846 USD
30 Day High / Low
$1.00 USD /
$0.998014 USD
7 Day High / Low
$1.00 USD /
$0.998036 USD
24 Hour High / Low
$1.00 USD /
$0.998074 USD
Yesterday's High / Low
$1.00 USD /
$0.999237 USD
Yesterday's Open / Close
$0.999392 USD /
$0.999848 USD
Yesterday's Change$0.000456 USD (0.05%)
Yesterday's Volume$67,481,529 USD
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