What is TrueUSD?

TrueUSD (TUSD) is a popular dollar-backed stablecoin in the cryptocurrency market. It gained recognition for its transparency and regulatory compliance in contrast to other stablecoins. TUSD is an ERC20 stablecoin that is backed by the US Dollar at a ratio of 1:1.

Features and Benefits

TrueUSD offers several advantages:

  1. Stability: TUSD maintains a close and stable price peg to the US Dollar, ensuring consistent value.
  2. Trustworthiness: TUSD enhances transparency through advanced auditing and real-time audit reports, allowing users to monitor reserves.
  3. Accessibility: TUSD provides convenience and utility in various financial contexts and can be obtained on over 100 cryptocurrency exchanges and DeFi protocols.
  4. Better liquidity: TUSD has high liquidity with billions of dollars' worth of trades daily, enabling seamless transactions and efficient market participation. It also does not charge fees for minting and redemption.

How TrueUSD Works

TUSD is the first USD-pegged stablecoin to deploy real-time attestations for its underlying reserves by independent third-party institutions. It is listed on multiple industry-leading exchanges and offers liquidity and accessibility to investors worldwide.

Users can mint or redeem TUSD through a simple process. TUSD is collateralized by US dollars held in escrow by banks, ensuring stability and value. The supply of TUSD is backed by the corresponding amount of US dollars in circulation.

Other Stablecoins by TrueUSD

In addition to TUSD, the TrueUSD platform offers other stablecoins backed by different currencies, including TGBP (Tokenized British Pounds), TCAD (Tokenized Canadian Dollars), and TAUD (Tokenized Australian Dollars). These tokenized currencies are backed by third-party accounting corporations, providing monthly attestations to verify the reserves supporting each currency. TrueUSD is also working on a 'live attestation' dashboard to provide real-time updates on TrueUSD accounts through its partnership with Armanino, a leading US accounting firm.

Overall, TrueUSD offers a stable, transparent, and accessible cryptocurrency solution with various applications in the digital financial landscape.

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Where to Buy Cryptocurrency TrueUSD

1. Exchanges

The most popular exchanges to buy TrueUSD (TUSD) are:

  • Binance
  • KuCoin
  • HTX (Huobi)
  • Kraken

These exchanges provide a platform for users to trade TrueUSD and other cryptocurrencies. However, it is important to conduct your own research before choosing an exchange.

2. Coinbase

In order to buy TrueUSD on Coinbase, follow these steps:

  1. Create a Coinbase account and download the Coinbase app.
  2. Navigate to the "Trade" tab.
  3. Select TrueUSD from the list of assets.
  4. Follow the instructions to complete the trade using a web3 wallet.

Note that TrueUSD is not currently available on Coinbase's centralized exchange, but can be purchased through a DEX within the Coinbase app.

3. Binance

To buy TrueUSD on Binance, follow these steps:

  1. Create a free account on the Binance website or app.
  2. Verify your identification.
  3. Select the desired method to buy TrueUSD, such as credit card, debit card, or bank transfer.
  4. Follow the payment instructions and confirm your order.

Binance offers low fees and high security for buying TrueUSD and other cryptocurrencies.

4. YouHodler

YouHodler provides various methods to buy TrueUSD:

  • Buy with credit card, debit card, or bank transfer.
  • Deposit stablecoins and use the conversion feature for cheaper fees.

YouHodler also offers additional features such as digital asset management, weekly compound payouts, and the ability to use funds as collateral for lending.

It is important to keep in mind that cryptocurrency prices are subject to high market risk and volatility. Only invest in products that you understand and are familiar with.

Founders of TrueUSD

The founders of TrueUSD are Rafael Cosman and several third-party trust companies.

Rafael Cosman

Rafael Cosman is the founder and CEO of TrueUSD.

He plays a key role in the development and management of the cryptocurrency.

Third-Party Trust Companies

Multiple third-party trust companies are involved in the creation and management of TrueUSD. These companies hold collateral in escrow to back the circulating supply of the stablecoin.

Some of the key features and information about TrueUSD include:

  • TrueUSD is a stablecoin cryptocurrency that is pegged to 1 USD.
  • It was launched by TrustToken on March 5, 2018, on the Bittrex exchange.
  • The circulating supply of TrueUSD is backed by multiple third-party trust companies holding equal amounts of funds in escrow.
  • The funds held in escrow can be monitored in real-time and are verified by an independent third-party accountant who publishes monthly attestation reports.
  • TrueUSD is based on the Ethereum blockchain and is an ERC20 standard token.
  • It supports additional features, such as redemption addresses for bank account transfers and Autosweep addresses for automated balance forwarding.
  • The smart contract code for TrueUSD is open-source.

Overall, TrueUSD provides transparency and stability as a stablecoin cryptocurrency, allowing users to have a digital asset pegged to the value of the US dollar.

Roadmap and Future Plans of TrueUSD

TrueUSD (TUSD) is a USD-pegged stablecoin that has established itself as a reliable and transparent digital representation of the US Dollar.

Here are the roadmap and future plans for TrueUSD:

Stability and Trustworthiness

  • TUSD has consistently maintained a close and stable price peg to the US Dollar through its mint and redemption mechanism.
  • TUSD utilizes advanced auditing and attestation mechanisms to enhance transparency. Real-time audit reports are available on the TrueUSD website, allowing users to monitor reserves at any time.

Accessibility and Liquidity

  • TUSD can be obtained on over 100 cryptocurrency exchanges and DeFi protocols, providing users with convenience and utility in various financial contexts.
  • TUSD offers enhanced liquidity, with billions of dollars' worth of TUSD traded daily.

    This allows for seamless transactions and efficient market participation.

  • TUSD does not charge any fees for minting and redemption.

Future Plans and Developments

  • Continued listing on industry-leading exchanges to ensure liquidity and accessibility for all investors worldwide.
  • Expanding the usage and adoption of TUSD, enabling it to be used in more financial contexts and applications.
  • Further enhancing stability and trustworthiness through ongoing improvements to the mint and redemption mechanism, as well as the auditing and attestation processes.
  • Continued engagement with the community through various events, such as AMAs and town halls, to gather feedback and address any concerns.
  • Exploring partnerships and collaborations to foster the growth and integration of TUSD within the broader cryptocurrency ecosystem.

TrueUSD is committed to providing a reliable, transparent, and accessible USD-pegged stablecoin, catering to the needs of users in the ever-evolving cryptocurrency landscape.

Introduction to TrueUSD

TrueUSD, or TUSD, is a type of cryptocurrency known as a 'stablecoin'. Stablecoins are designed to combat the extreme volatility often seen in the cryptocurrency market by tying its worth to a more steady asset. In the case of TrueUSD, as its name implies, each value unit of this cryptocurrency is pegged to the value of one US Dollar (USD). In simple terms, this means one TrueUSD coin will always be equivalent to one US dollar. The main aim of this standard is to offer stability and security in the notoriously unpredictable world of cryptocurrencies.

Key Features of TrueUSD


The most significant feature of TrueUSD is its stability. Major cryptocurrencies like Bitcoin and Ethereum often see substantial price fluctuations. The value of Bitcoin, for instance, can change dramatically in just a single day. By being pegged to the US Dollar, TrueUSD maintains a steady value, making it a safer investment avenue for users who are wary of the extreme volatility in cryptocurrencies. It provides a stability akin to traditional fiat currencies, while also offering the benefits of a digital asset.


Another key feature of TrueUSD is transparency. The company behind the coin, TrustToken, has vowed to provide full transparency in its operations. TrustToken maintains that the TUSD token is always fully collateralized by USD, held in accounts of several trust companies. They even claim that the balances of these accounts are published every day and their smart contracts are regularly audited by third-party auditors.


TrueUSD also takes strides in ensuring easy redeemability for its users. Unlike other cryptocurrencies, TrueUSD holders can directly exchange their tokens for USD anytime. This ability to effortlessly convert digital assets into real-world currencies adds another layer of value and security to this stablecoin.

Legal Protection

TrueUSD is subjected to regular audits and is compliant with the Multiple-US Dollars Protocol for legal protection. Users can make use of this protection to deal with issues such as account recovery and disputes, adding further to the overall security of this cryptocurrency.

By combining the benefits of cryptocurrency, including speed and security, with the stability of traditional currencies, TrueUSD has carved a niche for itself in the cryptocurrency market, providing users with an alternative offering that merges the best of both worlds.

What Sets TrueUSD Apart

When people imagine cryptocurrency, they often picture a high-risk, volatile market. Bitcoin, for example, has gained much attention for its fluctuations in value. However, not all cryptocurrencies follow this trend. The standout in the crowd is TrueUSD - a "stablecoin."

TrueUSD as a Stablecoin

TrueUSD is a type of cryptocurrency called a stablecoin, a digital asset specifically designed to maintain a steady value. In the case of TrueUSD, this value ratio is 1:1 with the US dollar. That means, for every TrueUSD token, there's an equivalent US dollar held in reserve, which makes this cryptocurrency's value less variable than others.

Transparency and Security

The selling point of TrueUSD doesn't end with stability. This cryptocurrency also offers significant advantages in transparency and security. Because each TrueUSD token corresponds to a real dollar stored in a certified bank account, token holders can have more confidence in their virtual currency's actual worth. The accounts holding these reserves are regularly audited and published, ensuring transparency in transactions.

Beyond this, TrueUSD offers a legally protected, exchange-free way to complete transactions. This means users don't have to trade in their tokens on an exchange and are thus shielded from the potential security vulnerabilities inherent in such exchanges.

Creating Trust through Facilitating Direct Purchases

TrueUSD has revolutionized the role of stablecoins in the cryptocurrency market by allowing users to make direct purchases of the tokens with US dollars. This 1:1 ratio remains in place when trading back into dollars, too, further bolstering trust in the system.

What TrueUSD Means for the Crypto Market

In sum, TrueUSD offers a fascinating glimpse into the potential for cryptocurrency to provide easy, direct, and stable financial transactions. Its unique features as a stablecoin offer individuals a less volatile entry into the world of digital currencies.

How TrueUSD Works

TrueUSD is a stablecoin, a kind of cryptocurrency that is pegged to a stable asset, in this case, the US dollar. This means that each TrueUSD (often denoted as TUSD) is meant to represent a real US dollar, held in accounts under the protection of escrow agreements. The design is to provide a stable medium of exchange for the volatile cryptocurrency market.

TrueUSD operates on the Ethereum blockchain, the most popular decentralized platform for applications that run exactly as programmed without any downtime, meaning its transactions are open for everyone to see. Ethereum allowed to create a token, TrueUSD, using its ERC20 protocol. The ERC20 token standard has effectively become a rule-set that every new token issued on the Ethereum network follows. This ensures that these new tokens will be compatible with any existing system that accepts ERC20 tokens.

Maintaining Connection With the US Dollar

The value of TrueUSD is inherently tied to the US dollar. TrueUSD is 100% collateralized by USD, meaning that for every one TrueUSD that is minted, there is one US dollar held in reserve which can be redeemed for TUSD. This peg to the US dollar is maintained through the use of escrow accounts. When you want to purchase TUSD tokens, you send USD to a third-party escrow account. Once your funds are verified, an equivalent amount of TUSD tokens is minted and sent to your cryptocurrency wallet. The USD you deposited then stays in the escrow account, providing the collateral for your TUSD tokens.

Purchasing and Trading TrueUSD Tokens

To purchase TrueUSD, you will need to go through a KYC/AML check (Know Your Customer/Anti-Money Laundering). This is a legal requirement aimed to prevent financial fraud, and money laundering. Once approved, you deposit USD into one of the project’s partner banks. An equivalent amount of TUSD is then minted and sent to your Ethereum address.

Afterward, those TUSD tokens can be used just like any other cryptocurrency: They can be sent to other people, used as payment for goods and services, or even held as an investment. They can also be redeemed for USD through the TrueUSD system if you wish.

In terms of trading, TrueUSD can be bought, sold, or traded on numerous cryptocurrency exchanges. Trading pairs are often available between TUSD and other cryptocurrencies (like Bitcoin and Ethereum) or for TUSD and fiat currencies (like the US dollar).

Benefits of Investing in TrueUSD

Cryptocurrency can be a daunting field to venture into with its unstable values and immense price volatility. It's in this context that stablecoins like TrueUSD have gained popularity. TrueUSD is a type of cryptocurrency that is pegged to the US dollar, meaning its market value is designed to match the value of the dollar. The approach provides potential investors with assurance that the value of their investments will remain stable.

Stable Value

One of the main reasons you might choose to invest in TrueUSD is its stable value. While other cryptocurrencies such as Bitcoin and Ethereum are known for their extensive price fluctuations, TrueUSD maintains parity with the US dollar. This essentially means that one TrueUSD is equal to one USD. The stable value reduces the risk of your investment losing value over time due to price volatility, thus providing a safe and predictable investment.

Transparent Auditing Process

The commitment of TrueUSD towards transparency is another attractive attribute for potential investors. The cryptocurrency is regularly audited by third-party accountants to ensure that for every TrueUSD token issued, there is a corresponding US dollar held in a bank account. This auditing process is open and can be verified by any interested party. As a result, investors can be confident in the value of their TrueUSD investment knowing that its peg to the dollar is secure and verifiable.

Ease of Exchange into Traditional Currencies

Another notable advantage of TrueUSD is the ease with which it can be exchanged into traditional currencies. TrueUSD, being a stablecoin, is designed to be easily converted back into USD. This makes the cryptocurrency ideal for those who need a quick way to convert their digital assets into spendable cash. The ease of conversion is further facilitated by the wide acceptance of TrueUSD in major exchanges globally. Therefore, if you're concerned about liquidity when investing in cryptocurrencies, TrueUSD provides a convenient solution.

From its stable value to its transparent auditing and ease of exchange, TrueUSD offers multiple benefits for individuals considering cryptocurrency as an investment. Its advantages promote confidence and provide a sense of security—in terms of value, transparency, and liquidity—that can be hard to find within the broader cryptocurrency market.

Challenges and concerns with TrueUSD

One of the major facets of cryptocurrencies that often perturb potential users is the level of risk they may expose themselves to. In the case of TrueUSD, a stablecoin directly pegged to the US Dollar, there are a number of risks and challenges that could complicate its use.

Regulatory Uncertainties

Regulatory uncertainties are a significant hurdle in the world of cryptocurrencies. Given the nascent and highly dynamic nature of the industry, governments and banking institutions around the globe are frequently reassessing and updating their regulations and policies toward these digital assets.

Specifically with regard to TrueUSD, the idea that its value is pegged to the US dollar may lead to unpredictable legal implications depending on location and jurisdiction. It is important to remember that while the asset is digital, its connection to a tangible and heavily-regulated currency could cause regulatory complications.

Operational Risks and Transparency

Another challenge facing TrueUSD, or any cryptocurrency, is the risk associated with operational aspects. Factors like cybersecurity threats, hacking, fraudulent activities or even potential instability of the blockchain, can all contribute to operational risks.

While TrueUSD is built on the highly secure Ethereum network and transactions are transparent, the potential for operational flaws or exploits exists nonetheless. The security of the Ethereum network relies upon the network's participants, making it a potential weak point under certain circumstances.

The Reliance on Third-Party Audits

TrueUSD's claim to be a stablecoin is underpinned by its use of regular audits performed by third-party companies. These audits aim to reassure users that for each TrueUSD token, there is one US Dollar held in a reserve account.

However, this mechanism relies heavily on the trustworthiness and accuracy of these third-party audits. If the auditing companies were to make mistakes, or worse, act maliciously, it could lead to significant issues for TrueUSD users.

Moreover, while these third-party audits are intended to provide transparency and engender trust, their processes and methodologies are not always fully transparent themselves. This raises the question of TrueUSD's ‘true’ auditability and reliability.

In conclusion, while TrueUSD presents an opportunity for users to access the benefits of cryptocurrency without as much market volatility, users should be aware of the inherent risks and challenges. It is always advisable to perform due diligence before engaging with any cryptocurrency.

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How to Buy and Store TrueUSD

The first step in acquiring TrueUSD (TUSD) cryptocurrency is to find a credible digital exchange platform that trades this currency. Examples include Coinbase, Binance, and Kraken. After you have chosen your desired platform, you will need to create an account. This will require a valid email address and a strong password. After your account setup, you will be expected to complete a Know Your Customer (KYC) compliance procedure, which often involves uploading an identification document and a recent photograph. Once your account has been set up and verified, you'll be able to deposit your chosen fiat currency (like USD, EUR, or GBP) which will be exchanged for TrueUSD.

Finding TrueUSD on the Exchange

Next, you must navigate to the section of your chosen exchange platform that lists the pairs of cryptocurrencies available for trade. Here, search for TUSD paired with your chosen fiat currency. Once you have selected this pair, you'll be able to set up a purchase order.

Completing the Purchase

You can now choose how many TrueUSD (TUSD) tokens you'd like to buy, or how much fiat currency you're willing to spend. After entering your preference, you can proceed with the transaction. Confirm all details are correct before finalizing your purchase.

Selling TrueUSD

The process for selling TUSD is quite similar to the purchasing process. Navigate to the exchange platform where your TUSD is stored. Instead of clicking on "Buy" as we did before, this time click on "Sell." You will then be asked to input how many TUSD you wish to sell and choose your preferred fiat currency or another cryptocurrency to receive in return. Verify all the details of the transaction before you confirm it. After completing your sale, your corresponding balance in fiat currency or the chosen cryptocurrency will reflect in your exchange account.

Storing TrueUSD

Given that TUSD is an ERC20 token, it can be stored on any wallet that supports Ethereum-based tokens. Here are some possibilities:

Hardware Wallets

Hardware wallets such as Trezor and Ledger support TrueUSD. They are physical devices that securely store your cryptocurrency offline, making them more resistant to cyber-attacks.

Software Wallets

These wallets, which exist on your computer or mobile device, are also a viable storage option for TUSD. Examples include MyEtherWallet, Exodus, and MetaMask. As a rule of thumb, you should always do your research to determine which wallet or exchange platform is most suitable for your needs. Remember, the security of your digital assets is paramount.