coins.thebios.org

Total Coins 4668, Coins available on exchanges 3378

True USD
TUSD $1.0004
0.0000

Price % High24hr Low24hr Volume MarketCap Supply LastMarket ProofTypeAlgorithm StartDate
$1.0004 0.02% $1.0219 $1.0012 $1,743,615,435.10 $1,232,894,107 1,232,375,179 Poloniex N/AN/A 2018-03-31
    1Day 7Day 1Month 3Month 6Month 1Year 2Year 5Year

Description from cryptocompare.com

TrueUSD, part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin pegged to the value of USD. In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company. The contents of said bank accounts are published every day and are subject to monthly audits. 

If someone wants to obtain TrueUSD through the online application, they will need to pass a KYC/AML check. Once that’s complete, they can send USD to one of TrueUSD’s trust company partners. Once the funds are verified by the trust company, their API will instruct the TrueUSD smart contract to issue tokens on a 1 to 1 ratio and to send them to the Ethereum address associated with the account at hand.

Once in the wallet, the tokens can be transferred to a friend or used as payment, combining the advantages of fiat (stability and trust) with those of cryptocurrencies (reduced fees and transfer times). The user can also redeem real US Dollars by sending the TUSD tokens back to the smart contract address, which will notify the trust company, and initiate a bank transfer to the user’s account.

Top Exchanges

ExchangePairVolumeVolumeTo
Cexio TUSD/USD 19.70 $19.72
Bitfinex TUSD/USD 1683.17 $1682.96
BitTrex TUSD/USD 3111.00 $3109.45