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The only stablecoin not owned or controlled by a centralized exchange, TrueUSD is a stablecoin backed by USD on the Ethereum blockchain and the TrustToken platform. It has received regulatory approval from the US government and FinCEN as well as five independent security audits from Chinese and US security companies.
What is TrustToken USD (TUSD)
Fundamentals of TUSD
TUSD stands apart from Tether (another USD-backed stablecoin) on the following qualities as the first USD-backed stablecoin in history to develop the US Trust & 3rd party accounting firm stablecoin mode:
Instead of paying 7–10% costs for Tether, exchanges' TrueUSD fees are redeemable (for USD) for zero fees. This has the potential to bring in large sums of money for TUSD exchange partners.
Tether is currently unable to present clean records to auditors or investigators. Contrarily, TrueUSD reduces the risk exposure and potential responsibility of exchanges.
Similar to other stablecoins, in order to purchase TUSD directly through the TrustToken Defi Platform, customers must first pass a KYC/AML identity verification and an Ethereum wallet verification.
TUSD Price & Performance recently
TUSD's price range is relatively constrained for a stablecoin. On May 12th, 2022, it rose to its maximum price (ATH) of 1.0138 USD. Since the ATH date, the price of TUSD has never been lower than 0.9987 USD on June 13, 2022.
What is TrustToken USD (TUSD)
Fundamentals of TUSD
TUSD stands apart from Tether (another USD-backed stablecoin) on the following qualities as the first USD-backed stablecoin in history to develop the US Trust & 3rd party accounting firm stablecoin mode:
Instead of paying 7–10% costs for Tether, exchanges' TrueUSD fees are redeemable (for USD) for zero fees. This has the potential to bring in large sums of money for TUSD exchange partners.
Tether is currently unable to present clean records to auditors or investigators. Contrarily, TrueUSD reduces the risk exposure and potential responsibility of exchanges.
Similar to other stablecoins, in order to purchase TUSD directly through the TrustToken Defi Platform, customers must first pass a KYC/AML identity verification and an Ethereum wallet verification.
TUSD Price & Performance recently
TUSD's price range is relatively constrained for a stablecoin. On May 12th, 2022, it rose to its maximum price (ATH) of 1.0138 USD. Since the ATH date, the price of TUSD has never been lower than 0.9987 USD on June 13, 2022.
