TUSD

TUSD (TrueUSD) is a USD-backed stablecoin that maintains a 1:1 peg with the US Dollar. It was one of the first stablecoins to provide regular third-party attestations of its reserves and emphasizes transparency.

How It Works

TUSD is backed by US Dollars held in escrow accounts at multiple trust companies and banks. The reserves are regularly verified through independent third-party attestations to ensure full backing.

Key Features

• Transparency: Regular attestation reports from independent accounting firms
• Multi-Chain: Available on Ethereum, TRON, BNB Chain, and Avalanche
• Escrow Protection: Funds held in segregated escrow accounts for added security
• Redemption: Direct redemption for USD through the TrustToken platform

Use Cases

TUSD is used for trading, DeFi applications, cross-border payments, and as a stable store of value. It's particularly popular in Asian markets and among traders seeking alternatives to USDT and USDC.

Background

Originally issued by TrustToken, TUSD has changed ownership over the years but continues to maintain its focus on transparency and regulatory compliance in the stablecoin market.