TrueUSD

TrueUSD (TUSD)

TrueUSD (TUSD) is a pioneering digital asset designed as a fiat-backed stablecoin, aiming to provide a reliable and transparent alternative in the cryptocurrency space. As the first USD-pegged stablecoin to implement live on-chain attestations by independent third-party institutions, TUSD guarantees a 1:1 backing with the U.S. dollar. This innovative approach ensures that for every TUSD in circulation, there is an equivalent amount of USD held in reserve.

Key Features

• Transparency: TUSD employs advanced auditing mechanisms, with daily attestation reports provided by the reputable accounting firm Moore Hong Kong, ensuring users can track the reserves at any time.
• Multi-Chain Accessibility: TUSD is available on over 12 major public blockchains, including Ethereum, TRON, BNB Smart Chain, Avalanche, Fantom, and Polygon, enhancing its usability across various platforms.
• High Liquidity: With a daily trading volume exceeding $1 billion in Q3 2023, TUSD showcases impressive liquidity and is listed on more than 100 exchanges, including major platforms like Binance and Huobi.
• Fee-Free Minting and Redemption: Users can mint and redeem TUSD without incurring any fees, making it a cost-effective option for digital transactions.

Regulatory Recognition

TUSD has been granted statutory status as an authorized digital currency and medium of exchange in the Commonwealth of Dominica, a significant milestone achieved on October 7th, 2022. This recognition underscores TUSD's commitment to adhering to regulatory standards and enhancing its legitimacy in the global financial landscape.

Innovative Technology

TrueUSD leverages the Chainlink Proof of Reserve technology, making it the first USD-backed stablecoin to secure minting processes and further promote transparency and reliability within the ecosystem. This technological integration provides users with real-time visibility into the token's backing and reserve status.

Global Adoption

With a focus on providing convenience and utility, TrueUSD is compatible with various financial contexts, including trading and transferring assets. The token's presence across multiple DeFi protocols and exchanges facilitates its accessibility, making it a popular choice among investors and traders worldwide.