$0.9993 +0.01%
Glob. Mkt Cap Rank: Unranked
2024-08-07:09:36:36update
24H High
:
7.2722
24H Turnover
:
1.41亿
Max Supply
:
0.0
24H TR
:
3.9%
24H Low
:
7.2678
24H Vol
:
19432154.92
Curr. Issued
:
498201479.0
24H High-Low
:
+0.06%
ATH
:
8.57
Highest Mkt Cap
:
36.22亿
Circulating Supply
:
498201479.0
Dominance
:
0.02%
ATL
:
6.67
Mkt Cap (Float)
:
36.22亿
Circulating Supply
:
-%
Issue Date
:
2018-03-07
Introduction
Latest News
News Flash
Basic information
Full Currency Name /TUSDB
Currency Code TUSDB
Coin Intro "TrueUSD, abbreviated as TUSDB.
TUSDB is the StableUSD (TUSD) stablecoin issued on Binance Chain that is pegged to the value of the US Dollar (USD) (1 TUSDB = 1 USD).
The current price of TUSDB is $1.00, with a 24-hour trading volume not currently available. TUSDB has had no change in the past 24 hours. Its market cap is not currently available. The circulating and total supply are also not currently provided."
Issue Date
All-Time High $1.0740359
All-Time Low $0.35625669
Total Supply 0
Circulating Supply 0
Circulating Supply Percentage NaN
Market Cap NaN
Fully Diluted Market Cap $Infinity
Mkt Cap (Float) $
Circulating Market Cap % of Global Total
Listed on Exchanges 0
Official Link https://www.trusttoken.com/
Whitepaper
Blockchain Explorer
Telegram "https://t.me/joinchat/HihkMkTja1gIyBRM1J1_vg"
Github https://github.com/TrustToken/true-currencies
Twitter https://twitter.com/trusttoken
FaceBook https://www.facebook.com/trusttoken
Reddit https://www.reddit.com/r/TrustToken/
Currency Introduction

TrueUSD (TUSD) is a platform for tokenizing monetary calls and real assets. It offers legally protected US dollars to token holders, with one TrueUSD token representing one US dollar. TrueUSD provides reliable trading tools that enable consumers and businesses to use currency conversion as a medium.

Similar to the current USDT, TrueUSD falls under the category of "stablecoins" and is launched by TrustToken, a startup backed by the Stanford Entrepreneurship Fund. This cryptocurrency, TrueUSD, combines transparency with stability, making it the first highly trusted USD-backed stablecoin in the market. Through partnerships with banks and trusts, the company ensures its tokens maintain currency stability.

Unlike Tether, which controversially insists on auditing bank accounts, TrueUSD provides regular audits, offering strong legal protections to holders. It maintains compliance through measures such as Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, even reviewing individual transactions to reduce risk. However, these reviews and audits ensure transparency at the cost of additional expenses.

The Birth of TUSD

Before TUSD was born, stablecoin USDT was frequently used for trading. However, due to its opaque mechanisms, several scandals were exposed, including the issuance of USDT to buy large quantities of BTC, fueling market volatility. During market highs, traders had to pay a premium to purchase USDT, while during lows, they were forced to sell at a discount, causing fluctuations of up to 20% in USDTs value. Given its significant volatility and long redemption periods, USDT could no longer be considered a true stablecoin. The dominance of USDT created a thriving crypto ecosystem but also buried potential risks. As a ticking time bomb, the need for a more stable and transparent currency in crypto transactions became apparent, leading to the creation of TUSD.

Differences from USDT

It offers a more transparent stablecoin option, providing real-world assurance for digital currencies through a proprietary legal framework. The platform also grants legal rights to token holders, ensuring account security. The company itself never touches these funds – users become direct beneficiaries of these stablecoins, able to deposit and withdraw directly from credit accounts held by banks.

Of course, stablecoins carry inherent risks:
When demand for a stablecoin rises and its value exceeds the pegged price, adjustments can be made by increasing supply or other means.
However, when demand decreases and the coins value drops below the pegged price, the project must issue bonds to attract investment. In this scenario, excess stablecoins are repurchased, awaiting a return to normal valuation. Investors face the risk that if a stablecoin loses trust and continues to decline, they may not receive any returns.

With the listing of TrustToken’s TUSD on Binance, competition among stablecoins will likely spur growth in the broader cryptocurrency market and other industries, such as lending, market predictions, and smart contracts requiring stablecoins.

TUSDs Revenue Model

TUSD primarily generates profits through fees: a fee is charged for purchasing and redeeming via the official website, at a rate of one-thousandth of the transaction amount (with a minimum of $75), making the fee relatively high for amounts below $75,000. Additionally, transferring TUSD between Ethereum wallets incurs a fee of seven ten-thousandths.

Related Links:

Why TUSD Could Be the Next Stablecoin King?
https://www.jianshu.com/p/980b1307033c

Stablecoin USDT’s Competitors: TUSD and GUSD
https://www.jianshu.com/p/f59d0a0d3413

expand
Development History
GO TOP