TrueUSD Crypto Price Prediction, Value and Chart (TUSD)

TrueUSD (TUSD) Frequently Asked Questions

What is TrueUSD?

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. (Description provided by CryptoCompare)

How do I buy TrueUSD?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including TrueUSD.

Where can I get TrueUSD wallet?

TrueUSD produces its own wallet software that is available for download on its website, which allows you to store TrueUSD on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of TrueUSD?

One TrueUSD (TUSD) is currently worth $1.00 on major cryptocurrency exchanges. You can also exchange one TrueUSD for 0.00004715 bitcoin(s) on major exchanges. The value (or market capitalization) of all available TrueUSD in U.S. dollars is $1.20 billion.

What hashing algorithm does TrueUSD use?

TrueUSD is a coin that uses the ETH Token algorithm.

What coins are similar to TrueUSD?

The following coins use TrueUSD's ETH Token algorithm and proof-type: Binance USD, BITCOIN ADDITIONAL, Mammoth, Crypto.com Coin, Parkgene, Dai, DREP, DREP [old], THETA, Polygon, yOUcash, FTX Token, Chainlink, KickToken [old] and Magic Internet Money.