TrueUSD Price Tops $1.00 on Exchanges (TUSD)

TrueUSD (TUSD) traded down 0.1% against the U.S. dollar during the 24 hour period ending at 7:00 AM ET on March 19th. TrueUSD has a market cap of $2.03 billion and $34.34 million worth of TrueUSD was traded on exchanges in the last 24 hours. During the last seven days, TrueUSD has traded down 0.1% against the U.S. dollar. One TrueUSD token can currently be purchased for approximately $1.00 or 0.00003684 BTC on exchanges.

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

• KILT Protocol (KILT) traded down 8.1% against the dollar and now trades at $0.40 or 0.00001483 BTC.
• Aidi Finance (BSC) (AIDI) traded 0.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2% against the dollar and now trades at $0.0675 or 0.00000249 BTC.
• CareCoin (CARES) traded down 2% against the dollar and now trades at $0.0838 or 0.00000309 BTC.
• OmniaVerse (OMNIA) traded 49.2% higher against the dollar and now trades at $0.0013 or 0.00000005 BTC.
• Kitty Inu (KITTY) traded 2% lower against the dollar and now trades at $100.18 or 0.00369574 BTC.
• FEG Token (FEG) traded 2% lower against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded down 3.7% against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded down 2% against the dollar and now trades at $7,281.76 or 0.26861927 BTC.
• Lego Coin (LEGO) traded 8.5% lower against the dollar and now trades at $0.0163 or 0.00000060 BTC.

TrueUSD Token Profile

TrueUSD’s launch date was March 31st, 2018. TrueUSD’s total supply is 2,029,772,378 tokens. TrueUSD’s official message board is trueusd.medium.com. TrueUSD’s official website is tusd.io. TrueUSD’s official Twitter account is @tusdio.

According to CryptoCompare, “TrueUSD, part of the [TrustToken](https://hackernoon.com/truecoin-unveils-usd-backed-stable-coin-a-trustworthy-alternative-to-tether-b436610df9bb) 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 buy alternative cryptocurrencies such as TrueUSD directly using US dollars. Investors seeking to trade TrueUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TrueUSD using one of the aforementioned exchanges.

TUSD/USD price chart by TradingView