TrueUSD (TUSD)
TrueUSD is a USD-backed stablecoin offering transparent, multi-chain digital currency with daily third-party attestations of reserves.
Overview
TrueUSD (TUSD) is a USD-pegged stablecoin designed to provide a transparent and reliable digital currency for global payments, trading, and decentralized finance (DeFi) applications. It distinguishes itself as the first stablecoin to implement daily attestations of its fiat reserves by independent third-party accounting firms, enhancing trust and transparency for users. TrueUSD leverages smart contracts for minting and redemption, enabling real-time on-chain verification of reserve coverage supported by Chainlink Proof of Reserve and auditing by Moore Hong Kong.
The stablecoin is natively deployed on multiple blockchains including Ethereum, TRON, Avalanche, and BNB Smart Chain, with bridged versions on Polygon, Arbitrum, Cronos, Optimism, and Aurora. This multi-chain presence allows users and developers to access TUSD liquidity across a broad ecosystem of over 80 exchanges and DeFi protocols. TrueUSD supports seamless minting and redemption through a verified account system, requiring users to complete KYC and wire funds to banking partners. The platform does not charge fees for minting or redemption, and transfers are significantly faster and cheaper than traditional wire transfers.
TrueUSD’s transparency model includes daily published audit reports accessible on its website, allowing users to monitor the fiat reserves backing the stablecoin at any time. The stablecoin recorded over $1 billion in daily trading volume during Q3 2023, reflecting strong liquidity and adoption. Its unique redemption address system simplifies the process by allowing redemptions from any wallet, including exchange wallets, while maintaining secure association with user accounts. TrueUSD is trusted by global financial leaders and integrated into numerous trading venues such as Binance, Bittrex, and Upbit.
Developers and enterprises can get started by creating and verifying an account on the TrueUSD platform, completing identity verification, and then minting or redeeming TUSD tokens via the app. Comprehensive documentation and support resources are available to facilitate integration and usage across various blockchain networks.
The Problem
Stablecoins often face challenges related to transparency of fiat reserves, slow and costly minting/redemption processes, and limited multi-chain availability, which can hinder trust and usability in global financial applications.
The Solution
Key Features
Smart Contract-Based Minting and Redemption
Utilizes smart contracts for real-time on-chain verification of reserve coverage.
Unique Redemption Addresses
Simplifies redemption by allowing tokens to be sent from any wallet to a unique user-specific address.
Integration with Chainlink Proof of Reserve
Supports automated proof of reserve verification to ensure backing of tokens.
Key Strengths
How Developers Use TrueUSD (TUSD)
Cross-Border Payments
Businesses and individuals use TrueUSD to send USD-pegged stablecoins globally with lower fees and faster settlement than traditional banking.
DeFi Liquidity and Trading
DeFi developers integrate TUSD into protocols for stable collateral, liquidity pools, and trading pairs across multiple chains.
Enterprise Treasury Management
Enterprises hold and transact with TUSD to manage USD exposure on-chain with transparent backing and regulatory compliance.
Works Well WithEthereumBNB Smart ChainAvalancheTRON
Polygon PoS
Fantom
Arbitrum One
Cronos
Optimism
Aurora
BNB Beacon Chain (BEP2)
Power your next build
Discover trusted tools and services in the QuickNode Marketplace. Everything you need to launch faster and scale smarter.
TrueUSD (TUSD) Alternatives
Explore web3 competitors and apps like TrueUSD (TUSD).
Coinify
Coinify provides plug-and-play crypto payment and trading solutions for businesses, handling compliance, liquidity, and settlement.
Coinbase
A comprehensive suite of APIs, SDKs, and developer tools from Coinbase to build onchain applications and integrate crypto services.
Fuse
Fuse is a public blockchain ecosystem designed for low-cost, scalable Web3 payments and business adoption with a focus on mobile-first and real-world use cases.
Tether (USDT)
Tether is a multi-blockchain stablecoin platform providing fiat-backed digital tokens for seamless blockchain payments and settlements.
EarnPark
EarnPark is a decentralized finance (DeFi) platform focused on automated market making and digital wealth building strategies.
Balancer
Balancer is a decentralized automated market maker (AMM) protocol enabling customizable liquidity pools and token swaps on Ethereum.
0x
0x provides battle-tested APIs to embed fast, gasless, and deeply liquid crypto trading into decentralized applications.
Custodial NFT Wallet
Crossmint is an all-in-one platform that integrates wallets, stablecoins, tokenization, and payment primitives into apps and products with easy APIs and no blockchain complexity.
Firebird Finance
Firebird Finance is a decentralized finance (DeFi) platform offering various financial products and services.
Pricing
Standard | |
|---|---|
| Price (Monthly) | Free |
| Price (Annual) | Free |
| Messaging | N/A |
| Support | Community support via Help Center and email |
| Analytics |
Resources
TrueUSD provides comprehensive resources including detailed documentation, daily transparency reports, and a help center to support users and developers in integrating and using the stablecoin across multiple blockchains.