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TUSD has consistently maintained a close and stable price peg to the US Dollar since its issuance through use of its mint and redemption mechanism.
TUSD utilizes advanced auditing and attestation mechanisms to enhance the transparency of TUSD. The team provides real-time audit reports to its users on its website, allowing users to monitor the reserves at any time.
As a digital version of the US Dollar, TUSD offers convenience and utility in various financial contexts, such as trading and transfers. Currently, TUSD can be obtained on over 100 cryptocurrency exchanges and DeFi protocols, providing users with flexibility and accessibility.
With billions of dollars' worth of TUSD traded on a daily basis, TUSD offers enhanced liquidity, providing users with various financial opportunities for seamless transactions and efficient market participation. Additionally, TUSD does not charge any fees for its minting and redemption.
TrueUSD is the first USD-pegged stablecoin to deploy real-time attestations for its underlying reserves by independent third-party institutions.
Learn how to mint and redeem TUSD with a few simple steps!
Q1. What is TrueUSD?
Banking on a well-established global network of financial institutions and robust blockchain infrastructure, TUSD is the first stablecoin to utilize smart contracts for minting/redemption via real time on-chain verification of underlying reserve coverage, supported by The Network Firm LLP, a crypto-native US auditing firm, and Chainlink Proof of Reserve.
Q2. How to get started with TrueUSD?
To get started with TrueUSD, follow the steps below:
Q3. How do I mint and redeem TrueUSD?
Send a wire to our banking partner, using the mint instructions displayed in the TrueUSD app.
Q4. How do I redeem TrueUSD?
Visit the TrueUSD app to input your bank info and receive your unique redemption address. The fiat transfer is subject to our banking partners’ KYC and AML requirements.
Send TrueUSD (minimum $1,000) to your unique redemption address.
Our banking partner generally issues a wire to your bank account within 1 business day after the tokens are successfully sent to your redemption address.
Q5. Which exchanges is TrueUSD (TUSD) listed on?
TrueUSD is currently listed on multiple exchanges, including Binance, Bittrex, and Upbit.
Please click here for a full list of active TrueUSD exchanges and markets.
Q6. What’s the smart contract address for TrueUSD?
Our token smart contracts can be found through TUSD Natively Deployed networks and TUSD Bridged Networks or Binance Chain Explorer. Below are links. You can also read more about our smart contracts and upgrades to our smart contract on our blog.
ERC-20 smart contract address and TUSD related smart contract links as follows: