Real-time TUSD price analysis
The current price of TrueUSD in real time is $0.9729and its trading volume is equal to US$61,895,068 in the last 24 hours. TUSD price has fell on
0.29%
on the last day and decreased by
0.39%
in the last 7 days. It is important to note that TrueUSD’s current market capitalization is US$1,253,542,338Speaking of negotiable supply, TUSD has 1 288 456 472 coins. Currently, TrueUSD’s market rating is #61.
TrueUSD price today
28.70%
below
always on top and that’s it
646.61%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling TUSD are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is TrueUSD (TUSD)?
TrueUSD is a stablecoin, meaning that the price of TUSD remains stable even when the cryptocurrency market fluctuates. This is so because TrueUSD is pegged to the US dollar in a 1:1 ratio. this means that one TUSD token is equal to 1 US dollar. TUSD is available on several networks including Ethereum, THRONE, BSK, Polygonand many others.
WITH TrueUSD’s US dollar holdings are spread across multiple bank accounts held by various Nevada trust firms.it is regulated by the Nevada Department of Business and Industry.
The main purpose of the crypto asset TrueUSD or any other stablecoin, is to combat the increased liquidity of the cryptocurrency market. Since the price of TUSD manages to remain stable even during periods of strong fluctuations, it helps reduce market volatility.
In addition, it provides investors with a Plan B that they can use to exchange their assets into TrueUSD, maintaining a stable value during large fluctuations in the cryptocurrency market.
Note that the aforementioned price stability of TUSD does not mean that it does not fluctuate at all. This is true; however, TrueUSD’s price range remains close to $1. It usually does not fall below $0.97 and does not exceed $1.02.
Founders of TrueUSD
The company creating TrueUSD tokens is TrustToken. TrustToken is a platform for asset tokenization.. The company aims to someday offer the tools needed to tokenize and transact real-world physical assets on blockchains in a way that is verifiable, regulated, and collateralized.
The Financial Crimes Enforcement Network has listed TrustToken and is regulated as a Federal Cash Enforcement Network (FinCEN).
The company was founded Rafael Cosman, Jai An, Stephen CadeAnd Tory Reiss. Before founding TrustToken, Kosman worked at Google as a machine learning engineer, and Jai An worked as a data scientist at Kernel. Cade founded NeuroTechX, and Reiss worked at Microsoft in business development.
How are TrueUSD tokens created?
TrustToken uses deposit accounts. These are third-party accounts in which escrowed assets are held until the buyer and seller agree on a transaction. To reduce counterparty risk and provide token holders with legal protection against misappropriation, TrueUSD uses multiple escrow accounts..
Every time US dollars are deposited into an escrow account, new TUSD tokens are created. An equivalent amount of TrueUSD is instantly burned when the token holder converts TUSD to USD.
Thus, with the help of smart contracts, TUSD is generated and burned automatically. This ensures that the amount in the escrow accounts is always equal to the total amount of TrueUSD in circulation. This balance also ensures that the price of TrueUSD remains within $1.
What is the trading volume of TrueUSD in the last 24 hours?
TUSD has trading volume US$61,895,068 in the last 24 hours.
What is the highest TrueUSD price ever?
TUSD has the highest price US$1.36which was achieved at May 16, 2018 (5 years 9 months ago).
What is the lowest TrueUSD price ever?
TUSD has the lowest price US$0.1303which was achieved at December 11, 2022 (1 year 2 months ago).
What are the best exchanges for buying and selling TUSD?
Currently the most active and dominant exchanges for buying and selling TrueUSD are Binance, Kraken & Kucoin. The most popular TrueUSD trading pairs BTC/TUSD
(on
Binance
),
TUSD/USDT
(on
Binance
),
ETH/TUSD
(on
Binance
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
What are the safest hardware wallets for storing TUSD?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage TrueUSD. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
Pages related to TrueUSD
Read the hottest Crypto news.
Watch the animated crypt Video explanation.
Learn Cryptocurrency From scratch.
A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
