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TrueUSD priceTUSD

Name: TrueUSD
Brand: Bitget
Price: 0.99745667 USD
Availability: InStock
Rating: 4.5 (100 reviews)

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Quote currency:

USD

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Note: This information is for reference only.

Price of TrueUSD today

The live price of TrueUSD is $0.9972 per (TUSD / USD) today with a current market cap of $494.15M USD. The 24-hour trading volume is $47.62M USD. TUSD to USD price is updated in real time. TrueUSD is -0.10% in the last 24 hours. It has a circulating supply of 495,516,100 .

What is the highest price of TUSD?

TUSD has an all-time high (ATH) of $1.36, recorded on 2018-05-16.

What is the lowest price of TUSD?

TUSD has an all-time low (ATL) of $0.9177, recorded on 2020-03-13.

Calculate TrueUSD profit

TrueUSD price prediction

When is a good time to buy TUSD? Should I buy or sell TUSD now?

When deciding whether to buy or sell TUSD, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget TUSD technical analysis can provide you with a reference for trading.

According to the TUSD 4h technical analysis, the trading signal is Strong sell.

According to the TUSD 1d technical analysis, the trading signal is Strong sell.

According to the TUSD 1w technical analysis, the trading signal is Strong sell.

What will the price of TUSD be in 2026?

Based on TUSD's historical price performance prediction model, the price of TUSD is projected to reach $1.13 in 2026.

What will the price of TUSD be in 2031?

In 2031, the TUSD price is expected to change by +2.00%. By the end of 2031, the TUSD price is projected to reach $1.69, with a cumulative ROI of +69.48%.

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TrueUSD technical analysis

TrueUSD price prediction

TrueUSD price history (USD)

The price of TrueUSD is -0.24% over the last year. The highest price of TUSD in USD in the last year was $1.03 and the lowest price of TUSD in USD in the last year was $0.9911.

TimePrice change (%)

Lowest price

Highest price

24h-0.10%$0.9970$0.9991

7d-0.25%$0.9970$1

30d+0.07%$0.9949$1

90d-0.12%$0.9948$1

1y-0.24%$0.9911$1.03

All-time-0.10%$0.9177(2020-03-13, 5 years ago )$1.36(2018-05-16, 6 years ago )

TrueUSD price historical data (all time).

TrueUSD market information

TrueUSD's market cap history

Market cap

$494,152,030.82

Fully diluted market cap

$494,152,030.83

Market rankings

#101

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TrueUSD market

Pair

Type

Price

24h volume

Action

TUSD/USDT

Spot

0.9975

$115.91K

Trade

TrueUSD holdings

TrueUSD holdings distribution matrix

Balance (TUSD)

Addresses

% Addresses (Total)

Amount (TUSD|USD)

% Coin (Total)

0-10 TUSD

24.04K

65.17%

34.55K TUSD

$34.46K

0.01%

10-100 TUSD

8.6K

23.31%

294.44K TUSD

$293.72K

0.09%

100-1000 TUSD

2.91K

7.88%

893.01K TUSD

$890.82K

0.28%

1000-10000 TUSD

959

2.60%

3.14M TUSD

$3.13M

1.00%

10000-100000 TUSD

303

0.82%

8.23M TUSD

$8.21M

2.62%

100000-1000000 TUSD

0.19%

20.09M TUSD

$20.04M

6.38%

1000000-10000000 TUSD

0.02%

26.5M TUSD

$26.44M

8.42%

10000000-100000000 TUSD

0.01%

255.59M TUSD

$254.96M

81.20%

100000000-1000000000 TUSD

0.00%

0 TUSD

0.00%

>1000000000 TUSD

0.00%

0 TUSD

0.00%

TrueUSD holdings by concentration

Whales

Investors

Retail

TrueUSD addresses by time held

Holders

Cruisers

Traders

Live coinInfo.name (12) price chart

TrueUSD ratings

Average ratings from the community

4.4

100 ratings

This content is for informational purposes only.

About TrueUSD (TUSD)

About TrueUSD

TrueUSD (TUSD) is the first USD-pegged stablecoin that is both fully regulated by a state financial institution and transparently verified by independent firms. It was launched in March 2018 with a vision to provide a transparent and secure stablecoin. With the boom of the cryptocurrency market and the inherent instability of various digital currencies, there was a growing need for a stable digital asset. TrueUSD was introduced to fill that gap.

TrustToken, the company that issues TrueUSD, is registered as a Money Service Business under the Financial Crimes Enforcement Network of the United States. Their funds are regulated by The Nevada Department of Business Industry, Financial Institutions Division. Moreover, the collateral for TrueUSD is audited by Cohen Company as well as Armanino, both of which are top global accounting firms in the world.

Unlike cryptocurrencies like Bitcoin and Ethereum, whose values can fluctuate dramatically, TrueUSD is pegged to the value of the US Dollar. For every TrueUSD in circulation, there's an equivalent amount of USD held in escrow accounts. This pegging ensures a stable value and fosters trust among users.

Being fully compliant with U.S. regulations, TrueUSD follows all necessary legal guidelines. Regular audits by third-party firms ensure the integrity of the coin, making it a preferred choice for users who prioritize transparency and security.

TrueUSD's stability has attracted various users, including traders, businesses, and financial institutions. It's widely used as a trading pair on cryptocurrency exchanges, and as a payment method where traditional banking might be slow or expensive.

Resources

Official website: https://tusd.io/

How Does TrueUSD Work

TrueUSD employs a method known as tokenization to represent real-world currency on the blockchain. When a user purchases TrueUSD with USD, the equivalent amount of USD is held in a professional fiduciary partner bank. TrueUSD tokens are then minted and sent to the user.

Redeeming TrueUSD for USD is a straightforward process. Users can send their TrueUSD to the smart contract, and the equivalent USD is unlocked from the escrow account and sent to the user's bank account. The corresponding TrueUSD is then burned, ensuring a 1:1 peg.

TUSD's operation is governed by smart contracts on the Ethereum blockchain. These automated contracts handle the issuance and redemption of tokens securely. The entire process is transparent and can be audited at any time, adding another layer of trust.

TUSD serves various functions in the financial ecosystem. Its stability makes it a suitable choice for hedging against the volatility of other assets. Moreover, it plays a crucial role in Decentralized Finance (DeFi) platforms, offering a stable medium for various financial services.

Despite its success, TrueUSD is not without challenges. The reliance on traditional banking and regulatory compliance can sometimes slow down processes. Critics also argue that the centralization in the management of escrow accounts contradicts the decentralized nature of cryptocurrencies.

Conclusion

TrueUSD has carved a niche in the volatile world of cryptocurrencies by offering a stable and transparent digital asset. Its compliance with regulations, along with the ability to maintain a 1:1 peg with the US Dollar, has led to widespread adoption and trust. The smart contracts, tokenization, and redeeming processes underline a robust mechanism that leverages blockchain's benefits while mitigating its risks. As the landscape of digital finance continues to evolve, the role of stablecoins like TrueUSD may become even more significant, potentially shaping the future of both traditional and digital economies.

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How to buy TrueUSD(TUSD)

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Verify your identity by entering your personal information and uploading a valid photo ID.

Convert TrueUSD to TUSD

Use a variety of payment options to buy TrueUSD on Bitget. We'll show you how.

More TUSD purchase guide How to buy cryptocurrencies

Join TUSD copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or TUSD tokens, you can also start copy trading by following elite traders.

TrueUSD news

Legislation on Crypto Regulation Comes into Effect in EU

Coinspaidmedia•2024-12-30 16:33

After reaching a settlement with the SEC, 99.7% of TUSD reserves are still backed by speculative assets

Bitget•2024-11-24 08:39

The US dollar inflow into the cryptocurrency market was a net inflow of $6.283 billion last week

Cointime•2024-11-11 07:11

Stablecoin Issuers’ Income to Fall by $1.56 Billion by Year-End

Coinspaidmedia•2024-09-30 14:12

TrueCoin and TrustToken face $700K penalty in SEC settlement

Grafa•2024-09-30 08:20

More TrueUSD updates

New listings on Bitget

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FAQ

Who issues and regulates TrueUSD (TUSD)?

TrueUSD is issued by TrustToken, a company that is registered with FinCEN in the U.S. It's also overseen by The Nevada Department of Business & Industry's Financial Institutions Division. This makes TrueUSD fully regulated at the state level.

Can I convert TrueUSD (TUSD) to USD?

Yes. Cashing out your TrueUSD is simple. You send your TrueUSD tokens to a designated smart contract, and the matching amount in U.S. dollars is released from a secure escrow account to your bank account. Meanwhile, the TrueUSD tokens you sent are destroyed, maintaining a 1:1 value ratio with the U.S. dollar.

How does TrueUSD (TUSD) maintain its value?

TrueUSD (TUSD) stands out as a premium stablecoin meticulously designed to maintain a 1:1 peg with the U.S. dollar. For every TUSD token issued, an equivalent amount of U.S. dollars is securely stored in a regulated bank account, ensuring that the stablecoin retains its value even in the volatile crypto market. This reserve of U.S. dollars is maintained in financial institutions that comply with strict regulatory guidelines, adding an extra layer of security to the TrueUSD ecosystem. To further solidify investor trust and ensure transparency, the reserve is regularly audited by reputable third-party firms, verifying that the circulating supply of TUSD is always backed by an equal amount of U.S. dollars. Additionally, traders, blockchain developers, and decentralized finance (DeFi) enthusiasts can directly acquire or redeem TUSD through the issuing entity, ensuring that the stablecoin’s supply remains consistently pegged to its U.S. dollar reserves. Given its stability, TrueUSD is an ideal asset for hedging against market volatility, executing smart contracts, and facilitating seamless cross-border transactions.

Are there fees associated with using TrueUSD?

Using TrueUSD itself does not usually incur fees from the company TrustToken. However, when trading TrueUSD on exchanges, transferring it, or converting it back to fiat currency, you may encounter transaction fees or exchange fees, which vary depending on the platform you're using.

Is TrueUSD (TUSD) safe?

TrueUSD (TUSD) is considered safe for several reasons: - 1:1 Peg to the U.S. Dollar: The most fundamental feature of TrueUSD's stability is its 1:1 peg to the U.S. Dollar. This means that for every token in circulation, there's an equivalent amount of U.S. dollars held in escrow accounts, providing a stable foundation for its value. - Regulatory Oversight: TrueUSD is issued by TrustToken, a company registered under the Financial Crimes Enforcement Network (FinCEN) and regulated by the Nevada Department of Business & Industry's Financial Institutions Division. This state-level oversight ensures that TrueUSD complies with financial laws and regulations, adding an extra layer of trust and reliability. - Regular Audits: To ensure the integrity of the stablecoin and its peg to the U.S. Dollar, TrueUSD is transparently verified by independent audits. Top global accounting firms like Cohen & Company and Armanino regularly scrutinize the escrow accounts to confirm that each TrueUSD token is fully backed by U.S. dollars. - Legal Compliance: Being fully compliant with U.S. financial regulations means that TrueUSD follows all the necessary legal guidelines, ensuring that it operates within a framework that is considered safe and reliable by financial standards. - Wide Acceptance and Liquidity: TrueUSD's reliability is also bolstered by its wide acceptance as a trading pair on various cryptocurrency exchanges and its use by traders, businesses, and financial institutions. High liquidity ensures that the stablecoin can be easily converted to other forms of value without significant price impact. - Risk Mitigation: Unlike more volatile cryptocurrencies such as Bitcoin and Ethereum, TrueUSD's stable value makes it a preferred choice for risk-averse individuals and organizations. It serves as a useful financial instrument for hedging against the volatility often seen in other cryptocurrencies.

How is TrueUSD (TUSD) different from other stablecoins like USD Coin (USDC) or Tether (USDT)?

- Regulatory Oversight and Compliance: TrueUSD (TUSD): TrueUSD is fully regulated and transparently verified by third-party accounting firms. It's issued by TrustToken, a company registered as a Money Services Business under the Financial Crimes Enforcement Network (FinCEN) in the United States. Funds are held in escrow and are regulated by The Nevada Department of Business & Industry, Financial Institutions Division. USD Coin (USDC): USDC is issued by regulated financial institutions and backed by fully reserved assets, audited monthly by Grant Thornton LLP. It's managed by a consortium called CENTRE, founded by Circle and Coinbase. Tether (USDT): Tether is issued by Tether Limited, a company whose relationship with regulatory bodies has been more complicated. Although they claim to hold reserves for all issued USDT, there have been criticisms and controversies regarding their transparency and regulatory compliance. They have been scrutinized for not having a full audit, though they do provide some financial attestations. - Transparency: TrueUSD: Known for its commitment to transparency, TrueUSD undergoes regular audits by Cohen & Company and Armanino, providing a high level of trust. USD Coin: Also transparent, providing regular attestations from accounting firm Grant Thornton LLP. Tether: Has been criticized for lack of transparency and has not undergone a full traditional audit. However, it has started providing some attestations to affirm that its reserves fully back the issued USDT tokens. - Issuance and Redemption: TrueUSD: Uses a system of escrow accounts to hold the backing U.S. Dollars. The smart contract allows for a 1:1 token to USD redemption and issuance. USD Coin: Also maintains a 1:1 peg with the U.S. Dollar and uses a similar system of reserves for backing the tokens. Tether: Initially claimed a 1:1 pegging with USD but later revealed that the backing includes other assets, such as loans to affiliate companies, making the backing less straightforward. - Acceptance and Usage: TrueUSD: Commonly used in trading pairs and has found a niche in the DeFi ecosystem. USD Coin: Widely accepted and used, especially since it is backed by major companies like Coinbase and Circle. Tether: The most widely used stablecoin, especially in trading pairs on various exchanges, despite the criticisms and controversies.

What is the current price of TrueUSD?

The live price of TrueUSD is $1 per (TUSD/USD) with a current market cap of $494,152,030.82 USD. TrueUSD's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. TrueUSD's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of TrueUSD?

Over the last 24 hours, the trading volume of TrueUSD is $47.62M.

What is the all-time high of TrueUSD?

The all-time high of TrueUSD is $1.36. This all-time high is highest price for TrueUSD since it was launched.

Can I buy TrueUSD on Bitget?

Yes, TrueUSD is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy trueusd guide.

Can I get a steady income from investing in TrueUSD?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy TrueUSD with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy TrueUSD (TUSD)?

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How to complete identity verification on Bitget and protect yourself from fraud

1. Log in to your Bitget account.

2. If you're new to Bitget, watch our tutorial on how to create an account.

3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.

4. Choose your issuing country or region and ID type, and follow the instructions.

5. Select “Mobile Verification” or “PC” based on your preference.

6. Enter your details, submit a copy of your ID, and take a selfie.

7. Submit your application, and voila, you've completed identity verification!

Cryptocurrency investments, including buying TrueUSD online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy TrueUSD, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your TrueUSD purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.