What is TrueUSD (TUSD)?
TrueUSD (TUSD), launched in March 2018, is a stablecoin pegged to the US Dollar. Developed by TrustToken, it aims to provide a stable and trustworthy digital currency alternative to traditional fiat currencies and volatile cryptocurrencies. Each TUSD is backed 1:1 with the US Dollar held in escrow accounts, audited regularly to ensure transparency and security.
TrueUSD is designed for use in global trade, offering the benefits of digital currencies without the associated price volatility. It is widely used in trading, hedging against crypto market volatility, and as a medium of exchange in various digital transactions. TUSD’s adherence to regulatory compliance and its transparent framework make it a popular choice among users seeking stability and reliability in the cryptocurrency market.