TrueUSD (TUSD) Price Down 0.1% Over Last Week

TrueUSD (TUSD) traded down 0.1% against the dollar during the one day period ending at 13:00 PM E.T. on January 25th. TrueUSD has a total market capitalization of $942.83 million and approximately $39.28 million worth of TrueUSD was traded on exchanges in the last 24 hours. During the last seven days, TrueUSD has traded 0.1% lower against the dollar. One TrueUSD token can now be purchased for $1.00 or 0.00004421 BTC on major exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 5.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 4.1% lower against the dollar and now trades at $0.0589 or 0.00000261 BTC.
• CareCoin (CARES) traded down 4.1% against the dollar and now trades at $0.0731 or 0.00000324 BTC.
• OmniaVerse (OMNIA) traded 61.3% higher against the dollar and now trades at $0.0033 or 0.00000015 BTC.
• Kitty Inu (KITTY) traded 4.1% lower against the dollar and now trades at $90.46 or 0.00400571 BTC.
• Lunar (LNR) traded down 2.8% against the dollar and now trades at $0.0282 or 0.00000125 BTC.
• Hokkaidu Inu (HOKK) traded up 15.9% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• QANplatform (QANX) traded down 4.1% against the dollar and now trades at $6,349.67 or 0.28117128 BTC.
• 2G Carbon Coin (2GCC) traded up 0.4% against the dollar and now trades at $135.60 or 0.00600454 BTC.
• Lego Coin (LEGO) traded down 1.6% against the dollar and now trades at $0.0404 or 0.00000179 BTC.

About TrueUSD

TrueUSD was first traded on March 31st, 2018. TrueUSD’s total supply is 942,612,302 tokens. TrueUSD’s official message board is trueusd.medium.com. TrueUSD’s official Twitter account is @tusdio. The official website for TrueUSD is tusd.io.

According to CryptoCompare, “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.”

TrueUSD Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as TrueUSD directly using U.S. dollars. Investors seeking to acquire TrueUSD should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TrueUSD using one of the aforementioned exchanges.