TrueUSD (TUSD) is a stablecoin that is pegged to the US dollar. It was launched in 2018 by the blockchain company, TrustToken. TrueUSD is backed by US dollars held in escrow accounts, with regular attestations from an independent accounting firm to ensure that the amount of TUSD in circulation is always fully collateralized by USD reserves.
TrueUSD offers users a stable and transparent way to transact in cryptocurrency, as the value of one TUSD is always equivalent to one US dollar. This makes it particularly useful for individuals and businesses that want to avoid the price volatility of other cryptocurrencies while still taking advantage of the speed and efficiency of blockchain-based transactions.
TrueUSD can be purchased on various cryptocurrency exchanges and can be stored in any cryptocurrency wallet that supports ERC-20 tokens. It can be used for a variety of purposes, including trading, remittances, and payments. TrueUSD also offers an API that developers can use to integrate the stablecoin into their own applications.
TrueUSD provides a reliable and secure alternative to traditional fiat currency, with the added benefits of blockchain technology and cryptocurrency. It is a popular stablecoin and is widely used in the cryptocurrency ecosystem.
With a total market cap of over $3.26 billion, TrueUSD is the No. 21 cryptocurrency by market size. The currency symbol for TrueUSD is TUSD and it was launched in March 2018. The total supply of TrueUSD is 3.27 billion coins.
True USD token on BSC has been migrated from an old address to a new address, for more information please refer here.
We found crypto protocols offering up to 14% APY on TrueUSD deposits (14% APY CeFi, 10.2% APY DeFi) and loans as low as 4.91% APY against TrueUSD used as collateral. Check out our TrueUSD staking yields table and TrueUSD loan rates table for further details.
The technical price analysis for TrueUSD below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of TrueUSD.
Currently 50% of users are positive about TrueUSD.
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TrueUSD FAQs
QWhen was TrueUSD launched?
ATrueUSD was launched in March 2018.
QWhat was the highest price that TrueUSD ever reached?
AThe highest price that TrueUSD ever reached was $1.62 USD. This all time high price occured on 26 Aug 2018.
QWhat was the lowest price that TrueUSD ever reached?
AThe lowest price that TrueUSD ever reached was $0.88355 USD. This all time low price occured on 12 Mar 2020.
QDoes TrueUSD have a Reddit channel?
AYes you can find the TrueUSD Reddit channels at .
QIs TrueUSD a stablecoin?
AYes TrueUSD is a stablecoin which means that it's value is pegged to a fiat currency and should maintain a fairly constantly exchange rate with that currency.
QWhat ecosystem is TrueUSD part of?
ATrueUSD is part of the Avalanche, Arbitrum Ecosytem and Bnb Chain ecosystems.
QIs it possible to stake TrueUSD to generate passive income?
AYes, staking is available for TrueUSD on a number of platforms. For a full list of TrueUSD staking yields see our list of TrueUSD staking yields.
QHow much can I earn staking TrueUSD?
AYou can earn up to 14% APY by staking your TrueUSD tokens. Check out our TrueUSD staking yields table for further details.
QWhere is the best place to stake TrueUSD?
ARight now the best staking rates are on Nexo with an income rate of up to 14% APY.
QWhat is the difference between CeFi and DeFi staking rates for TrueUSD?
AThe best CeFi staking rate that we could find for TrueUSD is on Nexo with an income rate of up to 14% APY and the best DeFi staking rate is on Yearn Finance with an income rate of up to 10.2% APY.
QIs it a good time to buy TrueUSD?
AYou can check the technical indicators for TrueUSD on the TrueUSD Price Trend tab. These indicators are based on the analysis of multiple trading signals for TrueUSD.
QWhere is the best place to buy TrueUSD?
AYou can find the cheapest exchange on which to buy TrueUSD on the TrueUSD Buy tab.
QCan you get a TrueUSD loan without collateral?
AAlmost all TrueUSD loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is TrueUSD flash loans which allow you to borrow uncollateralised TrueUSD for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all TrueUSD loans on the TrueUSD Loans tab.
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