TUSD price live chart
Download TrueUSD wallet app
Store & Transfer TUSD safely
Monitor your TUSD balance in USD
Receive TUSD in BNB, ETH, TRX networks
Send TrueUSD by mobile phone number with 0% fee
TUSD wallet mobile app for iOS and Android
TrueUSD basics
TrueUSD
Payments
TrueUSD is a fiat-collateralized stablecoin issued by the TrustToken platform that keeps USD funds in third party escrow accounts without direct access by TrustToken. TrueUSD is an ERC-20 token issued on the Ethereum and corresponds on a 1:1 basis with US Dollars sitting in bank accounts. TrueUSD is the only stablecoin offering real time audits.
TrueUSD token type
TUSD
ERC-20
Payments
TUSD can be transacted over the Ethereum blockchain in the same manner as Ether or any other ERC-20 asset. If a user wishes to redeem TUSD they can send tokens to an address controlled by TrustToken who will destroy the tokens and transfer fiat currency to the user's bank account. TUSD’s existence on public blockchains allows traders and exchanges to use TUSD as an alternative to fiat currencies allowing them to outsource their banking needs to TrustToken. TUSD's existence as an ERC-20 token on Ethereum allows it to be integrated with Ethereum based applications.
TrueUSD technology explained
TrueUSD relies on a proof-of-reserves system to ensure that reserve assets match circulating tokens. This requires a third-party to audit TrustToken’s bank accounts on a regular basis to show that U.S. dollar reserves are held in an amount equal to outstanding tokens. TrustToken uses an IOU issuance model where each TUSD represents a claim for $1.00 held in TrustToken's partner banks, which users can redeem at any time.
Although the creation and destruction of the tokens occur through TrustToken, other transactions in PAX follow ERC-20 smart contracts. This ensures security for TUSD, as it gets rid of the need for third parties and instead relies on the security of the Ethereum blockchain. Additionally, trading tokens is simple with TUSD because viewing and transferring of PAX is automatically supported by most Ethereum-supporting exchanges and wallet applications.
In December 2019, TrueUSD added real time auditting, made possible through banking APIs on one end and public blockchain data pulls on the other.
TrueUSD supply limit
Burn & Mint
Other Burn & Mint models
TUSD distribution is controlled by a Trust Token smart contract, auditable on Etherscan. There is no cap on the number of TrueUSD tokens that TrustToken can generate. TUSD is only created when dollars are deposited. They only exist when dollars are in custody. When TUSD is redeemed for cash, the tokens are immediately destroyed. This is how the price remains stable. The number of PAX tokens in circulation will always exactly match the number of dollars in reserve, so the price ratio will always be 1:1. .
TrueUSD consensus
n/a
TrueUSD governance
TrustToken is the sole entity capable of altering the circulating supply of TUSD. TrustToken issue tokens when users deposit fiat currency into partner bank accounts while TrustToken destroys tokens when users redeem tokens for fiat currency deposits in partner bank accounts. In order to prove that reserves exist and the system is solvent, TUSD relies on a proof-of-reserves system whereby the system is fully collateralized when the number of TUSD in circulation matches the value of the funds held in segregated accounts at FDIC-insured, U.S.-domiciled banks by TrustToken. TrustToken publishes monthly reports proving the US dollar reserves that back the TUSD in circulation.
In December 2019, TrustToken introduced real time audits. Real time audits worth by simply pulling TUSD data from the Ethereum blockchain on-demand on one side, while pulling data on the other side through bank APIs.
Store TrueUSD with Cropty cryptocurrency wallet by 3 simple steps:
- Download the app from the Apple AppStore or Google Play, or open your browser wallet.
- Create your Cropty wallet account with Face ID or Touch ID security options.
- Transfer TUSD from external wallet.
Receive TrueUSD to your Cropty wallet by QR-code, phone number, e-mail and nickname:
- Download the app from the Apple AppStore or Google Play, or open your browser wallet.
- Create your Cropty wallet account, set up a nickname.
- Click ‘Receive’ and follow the instructions.
You can transfer your TrueUSD holdings and store it safely with Cropty wallet. Cropty secures safety of your holdings through various verification options like using password, authenticator app, Face ID, Touch ID and backup codes. You can be sure no one can get access to you TrueUSD holding except you.
Start investing in TrueUSD with Cropty cryptocurrency wallet by 3 simple steps:
- Download the app from the Apple AppStore or Google Play, or open your browser wallet.
- Create your Cropty wallet account, set your authentication settings.
- Transfer TUSD from external wallet.
The Cropty wallet provides the most convenient application for storing and transfering TrueUSD. Cropty targets to become one the best crypto wallets for Android and iOS in 2024. Cropty provides convenient application and secure custodial services, built for crypto beginners, as well as for crypto-savvies.
You can receive TrueUSD donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.
You can receive TrueUSD donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.
You can send TrueUSD instantly without fee in the Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Send’, choose ‘Send via e-mail, phone number or nickname’ and follow simple instructions.
- Sign up to TrueUSD wallet.
- Top up your balance with TrueUSD.
- Store, trade or deposit your TrueUSD.
- Get TrueUSD deposit interest directly to your Cropty wallet.