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Rank #6TUSDFiat-Backed
TrueUSD
Pegged to
USD
Market Cap
$500.00M
24h Volume
$50.00M
Circulating Supply
500.00M TUSD
Total Supply
500.00M TUSD
Peg Target
USD
Collateral Type
Fiat-Backed
Issuer
Techteryx
Launch Date
06-03-2018
About TrueUSD
TrueUSD (TUSD) is a fiat-collateralised stablecoin pegged to the US dollar. Originally launched by TrustToken (now Archblock), TUSD has undergone ownership changes and is currently associated with Techteryx. It was one of the first stablecoins to offer real-time reserve attestation via Chainlink Proof of Reserve. TUSD experienced a brief depeg event in 2023 amid reserve transparency concerns but has since stabilised. It remains listed on major exchanges including Binance and is used in both spot trading and DeFi applications.
Pros
- Real-time reserve verification via Chainlink
- Multi-chain availability
- Established since 2018
- Listed on major exchanges
Cons
- Ownership and management changes
- Past depeg events raised concerns
- Declining market share
- Less transparent than USDC
Key Features
Chainlink Proof of Reserve integration
Real-time on-chain attestation
Multi-chain deployment
Regulated escrow accounts for reserves
Institutional-grade compliance framework
Automatic minting and redemption
Stablecoin Information
Category
Fiat-BackedCollateral Type
Fiat-BackedIssuer
Techteryx