A detailed description and exchange rate of Bitcoin True USD (TUSD)

 True USD (TUSD)  ETH Token  Avalanche Ecosystem, USD Stablecoin, Stablecoins 

Blockchain:  using algorithm ETH Token

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Curculation 1400698230.75107 из 1400698231 TUSD

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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.

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Rating True USD

Rank by rate  CoinMarketCap: 84

Rank by rate  CoinGecko: 110.

Evaluation of communication (points): 8,86

Common Assessment Points: 0,004

Evaluation of the design (points): 65,696

Assessment of the liquidity (points): 59,346

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Useful links and additional information

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Events TUSD

Official website TUSD: https://trueusd.com/  https://www.trusttoken.com/ 

Block explorers TRUE-USD: etherscan.io  ethplorer.io  tronscan.org  cchain.explorer.avax.network  polygonscan.com  bscscan.com  snowtrace.io  arbiscan.io 

Announcements TRUE-USD: trueusd.medium.com 

Socials

Twitter tusd_official  

Facebook: TrustToken  

Telegram: TUSDofficial_EN  

Software

GitHub: https://github.com/trusttoken/trueUSD

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