TrueUSD 

TUSD Price

What is the TrueUSD stablecoin?

TrueUSD (TUSD) is a USD-backed stablecoin launched in 2018 by TrustToken Inc., a San Francisco fintech company. Each TUSD token is designed to redeem for one US dollar held in reserve. TrueUSD was the first USD stablecoin to adopt daily third-party reserve attestations. Per DropsTab data, the token runs on Ethereum, Tron, BNB Chain, Avalanche, Polygon, and Arbitrum, among other networks. Traders use TUSD primarily for USD liquidity and for fiat-pair markets quoted in Turkish lira, Mexican peso, and Indonesian rupiah.

Is TrueUSD (TUSD) backed by real US dollars?

TrueUSD is backed by dollar reserves held with banking partners. New TUSD enters circulation when a customer wires dollars: funds arrive in 1 to 5 business days, and TUSD is minted within 1 business day. Redemption requires a minimum of $1,000 and carries no issuer fees. Each TUSD functions as a claim on reserves, which makes reserve quality, not emission mechanics, the primary risk for holders.

How does TrueUSD maintain its $1 peg?

TUSD holds its dollar peg through mint-and-redeem arbitrage. When TUSD trades above $1, buyers deposit dollars, mint new tokens, and sell into the premium. When TUSD trades below $1, holders redeem tokens for one dollar each and capture the discount. Supply expands and contracts with every flow, and this arbitrage pushes the market price back toward the peg.

Who issues TrueUSD?

TrustToken Inc. created TrueUSD, and the TrueCoin/TUSD business was acquired by Techteryx Ltd in December 2020. The business operated under the Archblock name during the transition. Techteryx took full operational control in July 2023, when TrueCoin exited. In October 2022, TUSD received legal tender status in Dominica, a formal government recognition for a USD stablecoin.

How are TrueUSD reserve attestations verified?

Third-party attestations verify TUSD reserves. Armanino provided the original attestations. The Network Firm took over in March 2023, and Moore Hong Kong moved to daily attestations in late January 2024. Chainlink Proof of Reserve integration followed in February 2023, giving holders real-time on-chain reserve data. The attestation provider has changed repeatedly, so the firm currently signing the reports is worth checking before relying on them.

What happened to TrueUSD reserves managed by First Digital Trust?

Hong Kong court filings and CoinDesk reporting from April 2, 2025 allege that approximately $456 million of TUSD reserves managed by First Digital Trust was diverted into Dubai-based Aria Commodities DMCC and illiquid projects. The Dubai Digital Economy Court upheld a worldwide freezing order over the funds on October 17, 2025. Justin Sun provided emergency liquidity structured as a loan, and 400 million TUSD were quarantined so retail redemptions could continue. Claims remain untried; all parties deny wrongdoing.

Has TrueUSD faced SEC regulatory action?

In September 2024, TrueCoin and TrustToken settled with the SEC over unregistered offerings of a TUSD-backed yield product. The settlement cost just over $500,000. The enforcement action concerned the yield product rather than the stablecoin token itself, and TUSD trading continued throughout.

Does TrueUSD have a maximum supply?

TrueUSD has no fixed maximum supply. TUSD supply is elastic: tokens are minted when dollars are deposited and removed when tokens are redeemed, so circulating supply tracks reserve inflows and outflows one-to-one. There is no emission schedule, no insider allocation, and no vesting calendar. Staking rewards do not exist either; the value proposition is the dollar claim, and supply changes only with user mints and redemptions.

Where can TrueUSD (TUSD) be traded?

Per DropsTab data, TrueUSD trades on more than a dozen centralized venues. Binance, KuCoin, Gate, HTX, Bitget, MEXC, BingX, and Bitrue run TUSD/USDT markets, and Upbit lists TUSD/BTC. Fiat on-ramp pairs include Bitso (TUSD/MXN), Indodax (TUSD/IDR), and SAFEbit (TUSD/TRY). On-chain liquidity sits on Uniswap, PancakeSwap, Sushiswap, and Quickswap, mostly against USDT, USDC, and WETH. DEX pools are small, and the USDT pair carries most of the depth. No derivative markets are tracked.