TrueUSD
ATH / ATL
24h Price
24h summary
Over the last 24 hours, TrueUSD moved from $0.9969 to $0.9966. The session high was $0.9969, the low was $0.9964, and the intraday range was $0.0005 / 0.1%.
- 24h open
- $0.9969
- 24h close
- $0.9966
- 24h high
- $0.9969
- 24h low
- $0.9964
- Volatility / range
- $0.0005 / 0.1%
- Updated
Monthly Returns heatmap
Heatmap summary
TrueUSD posted 45 positive months out of 94. The longest positive streak lasted 5 months, while the longest negative streak lasted 4 months.
- Strongest month
- Feb 2024 +1.2%
- Weakest month
- Dec 2018 -1.6%
- Longest positive streak
- 5 Jul 2018 — Nov 2018
- Longest negative streak
- 4 May 2023 — Aug 2023
- Luckiest calendar month
- Apr • avg 0.2% • 8 mo.
- Unluckiest calendar month
- May • avg -0.2% • 9 mo.
Networks
Supported exchanges
About the coin
TrueUSD (TUSD) is a stablecoin designed to maintain a stable value relative to the US dollar. It aims to bridge the gap between traditional fiat currencies and the decentralized world of cryptocurrencies.
The primary objective of TrueUSD is to provide a reliable and transparent digital asset that can be used for various purposes within the cryptocurrency ecosystem, including trading, remittances, and as a store of value.
Unlike some other digital assets, TrueUSD is backed by real US dollars held in reserve. This backing is intended to ensure that each TUSD token represents one US dollar, providing a degree of stability in the often volatile cryptocurrency market.
Transparency is a key aspect of TrueUSD's design. The project aims to provide regular attestations and audits of the reserves backing the stablecoin. This is done to build trust and confidence among users and the wider cryptocurrency community.
TrueUSD is built on multiple blockchain networks, offering users flexibility in how they interact with the stablecoin. These include:
- Ethereum, utilizing the ERC-20 token standard.
- BNB Smart Chain, employing the BEP-20 token standard.
- Tron, operating on the TRC-20 token standard.
The choice of supporting multiple blockchains allows TrueUSD to be accessible to a broader range of users and applications, catering to different preferences and existing infrastructure.
The stable nature of TUSD makes it a useful tool for traders looking to mitigate risk during periods of market downturn. It can also be used by individuals and businesses for cross-border transactions, potentially offering a more efficient alternative to traditional payment systems.
Furthermore, TrueUSD can serve as a digital representation of fiat currency, enabling easier integration of traditional financial operations into decentralized applications and smart contracts.
The project emphasizes its commitment to regulatory compliance and works to ensure its operations align with relevant financial regulations. This focus on compliance is intended to foster broader adoption and integration within the global financial landscape.
As a stablecoin, TrueUSD plays a role in facilitating liquidity within cryptocurrency exchanges and decentralized finance (DeFi) protocols. Its stability allows for predictable trading pairs and reliable collateralization in various DeFi applications.
The development and management of TrueUSD are overseen by a team dedicated to maintaining the stability and integrity of the asset. Ongoing efforts are made to enhance security and operational efficiency.
Users can acquire and hold TrueUSD through various cryptocurrency exchanges and wallets that support the token on its supported blockchains. The specific contract addresses for TUSD on each chain are publicly available, facilitating interaction and verification.
The underlying technology and operational framework of TrueUSD are designed to ensure that the stablecoin functions reliably and securely within the blockchain ecosystem.
In summary, TrueUSD is a US dollar-backed stablecoin available on multiple blockchains, aiming to provide stability, transparency, and utility within the digital asset space.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the TUSDUSDT market feed.
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