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TrueUSD, often abbreviated as TUSD, is a stablecoin that is fully backed by the US Dollar. It is the first digital asset with live on-chain attestations by independent third-party institutions. This means that for every TUSD token in circulation, there is a corresponding US dollar held in reserve, providing stability and trust in the value of the token.
TrueUSD was created by TrustToken, a platform that creates asset-backed tokens you can easily buy and sell around the world. TrustToken's goal is to bridge the gap between blockchains and the $256 trillion worth of real-world assets.
The supply of TrueUSD tokens is dynamic and changes according to the demand and supply of the market. As it is a stablecoin, each token is backed by a real US dollar, ensuring its stability. The number of tokens in circulation is equivalent to the number of US dollars held in reserve.
TrueUSD is widely available for purchase on major cryptocurrency exchanges. It is listed on more than 100 trading platforms, including popular ones like Binance and Huobi. It is also live on 12 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon.
TrueUSD serves as a stable store of value in the volatile crypto market. It can be used for trading against other cryptocurrencies, as a means of payment, and as a way to avoid the volatility of other cryptocurrencies without exiting the crypto space. It is also used in decentralized finance (DeFi) applications.
TrueUSD has recently integrated with Chainlink Proof of Reserve (PoR), making it the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability. This integration allows users to verify the collateralization of the TUSD token in real-time. In addition, TrueUSD has been granted statutory status as an authorized digital currency and medium of exchange in the Commonwealth of Dominica, a Caribbean nation, as of October 7th, 2022.
TrueUSD, a stablecoin pegged to the US Dollar, has been making strides in the crypto world with new partnerships. Syscoin, a blockchain protocol, has integrated TrueUSD into its platform, meeting strict regulatory requirements and making it suitable for corporate needs. Additionally, PancakeSwap, a decentralized exchange, has welcomed TrueUSD into its Syrup Pool, allowing users to stake their tokens to earn more.
Recent news about TrueUSD reveals a significant increase in its trading volume. Binance, a leading crypto exchange, has added six new trading pairs with TrueUSD, boosting its trading volume from $60 million to $533 million. This surge in trading volume has led to TrueUSD's daily trading surpassing $1B, making it a key liquidity provider in the crypto markets.
TrueUSD has been integrated into several blockchains, including Ethereum, TRON, and BNB Chain. This integration makes TrueUSD more accessible to users across different platforms. If you're wondering where to buy TrueUSD, it's available on these platforms and more.
TrueUSD news today also includes a management change. Control of the stablecoin has been transferred to its Asian-based owners, Techteryx Ltd. This change includes overseeing mining and redemptions, customer onboarding and compliance, and banking relationships. Despite community claims, TrueUSD has maintained that it has no exposure to Prime Trust, a crypto custodial firm facing regulatory issues.
Headlines are updated in real time. Click on a headline to the left to read the news.
TrueUSD, often abbreviated as TUSD, is a stablecoin that is fully backed by the US Dollar. It is the first digital asset with live on-chain attestations by independent third-party institutions. This means that for every TUSD token in circulation, there is a corresponding US dollar held in reserve, providing stability and trust in the value of the token.
TrueUSD was created by TrustToken, a platform that creates asset-backed tokens you can easily buy and sell around the world. TrustToken's goal is to bridge the gap between blockchains and the $256 trillion worth of real-world assets.
The supply of TrueUSD tokens is dynamic and changes according to the demand and supply of the market. As it is a stablecoin, each token is backed by a real US dollar, ensuring its stability. The number of tokens in circulation is equivalent to the number of US dollars held in reserve.
TrueUSD is widely available for purchase on major cryptocurrency exchanges. It is listed on more than 100 trading platforms, including popular ones like Binance and Huobi. It is also live on 12 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon.
TrueUSD serves as a stable store of value in the volatile crypto market. It can be used for trading against other cryptocurrencies, as a means of payment, and as a way to avoid the volatility of other cryptocurrencies without exiting the crypto space. It is also used in decentralized finance (DeFi) applications.
TrueUSD has recently integrated with Chainlink Proof of Reserve (PoR), making it the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability. This integration allows users to verify the collateralization of the TUSD token in real-time. In addition, TrueUSD has been granted statutory status as an authorized digital currency and medium of exchange in the Commonwealth of Dominica, a Caribbean nation, as of October 7th, 2022.
TrueUSD, a stablecoin pegged to the US Dollar, has been making strides in the crypto world with new partnerships. Syscoin, a blockchain protocol, has integrated TrueUSD into its platform, meeting strict regulatory requirements and making it suitable for corporate needs. Additionally, PancakeSwap, a decentralized exchange, has welcomed TrueUSD into its Syrup Pool, allowing users to stake their tokens to earn more.
Recent news about TrueUSD reveals a significant increase in its trading volume. Binance, a leading crypto exchange, has added six new trading pairs with TrueUSD, boosting its trading volume from $60 million to $533 million. This surge in trading volume has led to TrueUSD's daily trading surpassing $1B, making it a key liquidity provider in the crypto markets.
TrueUSD has been integrated into several blockchains, including Ethereum, TRON, and BNB Chain. This integration makes TrueUSD more accessible to users across different platforms. If you're wondering where to buy TrueUSD, it's available on these platforms and more.
TrueUSD news today also includes a management change. Control of the stablecoin has been transferred to its Asian-based owners, Techteryx Ltd. This change includes overseeing mining and redemptions, customer onboarding and compliance, and banking relationships. Despite community claims, TrueUSD has maintained that it has no exposure to Prime Trust, a crypto custodial firm facing regulatory issues.