TrueUSD

TrueUSD is the pioneering digital currency that provides live on-chain attestations by independent third-party organizations and is backed by U.S. dollars on a 1:1 basis. It can be found on over 100 trading platforms, including popular names like Binance and Huobi, and operates across 12 major public blockchains such as Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon.

An independent U.S.-based accounting firm specializing in the industry performs real-time attestations of TrueUSD. This ensures the 1:1 USD reserve ratio against the tokens in circulation and maintains a 100% collateral rate. By integrating Chainlink PoR, TrueUSD stands out as the first USD-backed stablecoin that secures minting processes to guarantee transparency and dependability. Users have the option to access this information at any time through the official website tusd.io. Furthermore, TUSD has been recognized as a lawful digital currency and medium of exchange in the Commonwealth of Dominica, a Caribbean nation, effective from October 7, 2022.

As of March 2023, there were approximately 2 billion TUSD tokens in circulation. Since it operates as a stablecoin, its supply isn't limited and will keep growing in response to market demand.

TrustToken is committed to providing the utmost transparency by implementing tools such as real-time audits of TUSD's backing and dependability.

Aside from confirming the accuracy of its USD peg, any security concerns are similar to those faced by all tokens that follow the ERC-20 standard. For instance, when there is a surge in gas prices on the Ethereum blockchain, transaction fees can become unusually high.

As one of the most substantial USD stablecoins, TUSD is easily accessible on major exchanges, with trading pairs available for both cryptocurrencies and other stablecoins.

Binance and the DeFi automated market maker Curve currently see the highest trading volumes for TUSD.

If you're new to the crypto world, check out our simple guide on purchasing Bitcoin and other cryptocurrencies.