TrueUSD (TUSD) is a multi-chain stablecoin designed to trade near one U.S. dollar. Its peg depends on reserve management, redemption access, liquidity, and the issuer’s operating and legal arrangements; a dollar target is not a guarantee.
| Stat | Value |
|---|---|
| Ticker | TUSD |
| Price | Loading |
| Market Cap | Loading |
| 24h Change | Loading |
| Circulating Supply | 494.515M TUSD |
| Total Supply | 494.515M TUSD |
| Max Supply | No fixed maximum listed |
| All-Time High | $1.62 |
CoinGecko market snapshot checked 2026-10-24. Price, market cap and 24-hour change refresh through live fields; supply and all-time high are dated aggregator snapshots. Market values can change.
How TUSD is intended to work
TrueUSD (TUSD) is a token designed to trade close to one U.S. dollar. Its issuer describes a reserve-backed model in which authorized customers can mint or redeem tokens under the service’s legal and compliance terms. TUSD is issued on multiple blockchains, so an asset with the same name on another network may be a bridged representation rather than the same contract. A dollar peg is a design goal; it does not guarantee that every holder can redeem instantly at par.
Tokenomics and supply
TUSD does not use proof-of-work mining or native staking rewards. Its supply changes when the issuer mints tokens or processes redemptions and burns tokens, subject to the issuer’s systems and applicable restrictions. CoinGecko listed about 494.515 million TUSD in circulation on October 24, 2026, with total supply at the same level and no fixed maximum shown. The market table’s price and market-cap fields are refreshed dynamically; supply is a dated aggregator snapshot, not proof that reserves are available or redeemable.
Reserve transparency and the SEC case
The current TrueUSD transparency page says reserve reports are provided daily and names Moore Hong Kong as the attestation provider. When checked for this review, its chain cards did not show a circulation figure, so the page did not expose a usable supply total in that view. Separately, the SEC’s 2024 complaint alleged that the companies involved had invested a substantial part of the purported TUSD reserves in a risky offshore fund and alleged that 99% were invested there by September 2024. The SEC said TrueCoin and TrustToken agreed to settle without admitting or denying the allegations. These are regulatory allegations and a settlement record; readers should not turn them into a claim that every TUSD is currently unbacked.
Risks to consider
A stablecoin can trade below or above its target because of liquidity, market stress or doubts about reserves and redemption. Users also rely on the issuer, custodians, banking and legal arrangements, smart contracts and the specific network version. TUSD is not a bank deposit; review current redemption terms and the underlying reserve reports rather than relying on a ticker or a price table alone.
Related Terms
See Also
- Why Algorithmic Stablecoins Keep Failing (And Why People Keep Trying Anyway)
- Real World Asset Tokenization: What It Actually Is and Why BlackRock Is Doing It
- Elon Musk Helped Shape the Law That Would Govern His Own Stablecoin
Swap supported assets on ChangeNOW.
Sources
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TrueUSD’s current reserve transparency page — The issuer describes daily reserve attestations; its network cards displayed no circulating-supply figure when checked for this review.
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TrueUSD’s February 2026 white paper — The issuer describes its intended reserve, minting and redemption framework and sets out operational and counterparty risks.
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SEC litigation release on TrueCoin and TrustToken — The SEC release distinguishes its complaint allegations about reserve investments from the defendants’ settlement without admitting or denying them.
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CoinGecko’s TrueUSD market page — CoinGecko reports the dated market and supply snapshot above and records the historical high used in the table.