About

TrueUSD (TUSD) is a digital currency pegged to the US Dollar, offering real-time attestations of its reserves. It was issued by the TrustToken platform, which currently operates as Archblock. TrueUSD is available on multiple blockchain networks and is used in trading and transfers in cryptocurrency exchanges and DeFi protocols.

History

Seeing the issues surrounding whether or not Tether was fully backed and had reliable banking relationships, Trust Token decided to created a stablecoin called TrueUSD (TUSD). Introduced mid 2018, TrueUSD is a fully collateralized stablecoin backed by U.S. Dollars, launched via the Trust Token platform as the platform's continued effort to tokenize real-world assets on their collateralized platform. Each TUSD token is backed by one dollar and was launched and distributed via a Trust Token platform smart contract. Trust Token has partnered with registered fiduciaries and banks that hold the assets backing the TUSD tokens.

In December 2019, TrueUSD became the first stablecoin to offer real time audits.