Last updated at 2022/10/04
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TrueUSD, $TUSD

USD-pegged Stablecoin

KPIs & Market Data

Market Cap
$888M
Market Cap 7d %
-12.57%
Market Cap 30d %
-16.38%
Volume 24h
$125M
Volume 7d
$574M
Mechanism
Governance
Centralized
Issuer
Techteryx, Ltd.
Jurisdiction
British Virgin Islands

TUSD has been launched in 2018 by the company TrustToken. Its value is pegged 1:1 to the USD. This is achieved by backing each issued TUSD with one USD in cash or cash equivalents. Its mainly used to hedge market volatility as well as in trading pairs for crypto trading. TUSD can be minted and redeemed on the TrustToken platform. Its main purpose is to hedge against market volatility and as a stable asset for trading. In late 2020, TrueUSD was acquired by Techetryx, an Asian conglomerate.

Risks

  • Counterparty risk against Techetryx
  • Risk of insufficient backing
    • Techetryx does not report on the backing of TUSD
  • Risk of loss of collateral due to low quality of collateral based on speculation
  • Risk of asset freeze due to regulatory pressure

$TUSD Newsticker

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