TrueUSD Reaches Market Capitalization of $495.40 Million (TUSD)

TrueUSD (TUSD) traded up 0% against the U.S. dollar during the 24-hour period ending at 13:00 PM E.T. on January 13th. One TrueUSD token can now be purchased for $1.00 or 0.00001088 BTC on popular cryptocurrency exchanges. TrueUSD has a market cap of $495.40 million and approximately $56.91 million worth of TrueUSD was traded on exchanges in the last day. In the last seven days, TrueUSD has traded down 0.1% against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 3.5% against the dollar and now trades at $91,516.53 or 0.99615304 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 3.3% against the dollar and now trades at $90,734.33 or 0.98763879 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About TrueUSD

TrueUSD was first traded on March 31st, 2018. TrueUSD’s total supply is 495,516,083 tokens. TrueUSD’s official message board is trueusd.medium.com. The official website for TrueUSD is tusd.io. TrueUSD’s official Twitter account is @tusdio.

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.”

Buying and Selling TrueUSD

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

TUSD/USD price chart by TradingView