What is TrueUSD (TUSD)?
TrueUSD (TUSD) is a USD-pegged stablecoin that offers a high level of transparency and reliability. It is fully backed by U.S. dollars held in reserve, with its reserves attested daily by independent third-party institutions, such as the global accounting firm Moore Hong Kong. This daily attestation process ensures that each TUSD token is always redeemable for one U.S. dollar, providing users with confidence in its stability and value.
TUSD leverages smart contracts for the minting and redemption of tokens, allowing real-time on-chain verification of the underlying reserves. This approach enhances the security and trustworthiness of the stablecoin. TUSD is widely used across various financial applications, including trading, payments, and DeFi protocols. It is listed on over 80 cryptocurrency exchanges and supports multiple blockchain networks, including Ethereum, TRON, Binance Smart Chain, and more, enabling broad accessibility and liquidity.