TrueUSD (TUSD) is a fiat-backed stablecoin pegged to the US dollar, one of the earliest fully-attested USD stablecoins after USDT, distinguished by its use of third-party escrow and direct attestations from regulated trust companies — avoiding the direct custodial model that raised transparency concerns about early USDT.
| Stat | Value |
|---|---|
| Ticker | TUSD |
| Price | $1.00 |
| Market Cap | $494.14M |
| 24h Change | -0.0% |
| Circulating Supply | 494.52M TUSD |
| All-Time High | $1.62 |
| Contract (Ethereum) | 0x0000...b376 |
| Contract (Tron) | TUpMhE...C1F4 |
| Contract (Binancecoin) | TUSDB-888 |
| Contract (Binance Smart Chain) | 0x40af...11c9 |
| Contract (Avalanche) | 0x1c20...59eb |
How It Works
- User deposits USD through a KYC/AML-verified process to a TrustToken-affiliated escrow account held at regulated US trust companies.
- TUSD minted 1:1 — Smart contract issues TUSD tokens equal to the deposited USD.
- Attestations — Third-party accounting firms attest to the USD reserves separately from TrustToken. Real-time attestation was claimed via a Chainlink-powered proof-of-reserve feed.
- Redemption — TUSD holders can redeem at face value through verified accounts.
TUSD is deployed across multiple chains including Ethereum, BNB Chain, TRON, and Avalanche.
Tokenomics
| Parameter | Value |
|---|---|
| Ticker | TUSD |
| Peg | 1:1 USD |
| Backing | USD in regulated US trust company escrow |
| Launch | January 29, 2018 |
| Issuer | TrustToken / Archblock (later acquired by Techteryx Ltd.) |
| Chains | Ethereum, BNB Chain, TRON, Avalanche, others |
Use Cases
- Dollar-pegged value transfer — Cross-chain stablecoin payments and transfers.
- Binance trading pairs — Binance historically promoted TUSD as a preferred trading pair, significantly boosting its volume.
- DeFi — Used in Curve, Uniswap liquidity pools.
History
- 2018 — TrustToken announces and launches TUSD in January. It positions itself as more transparent than USDT via third-party attestations and direct access to escrow accounts.
- 2019–2021 — TUSD grows steadily; listed on major exchanges. Supply grows to ~1 billion TUSD.
- 2022 — TrustToken rebrands as Archblock. Techteryx Ltd. (Hong Kong-based) acquires the TUSD product from Archblock.
- 2023 — Binance promotes TUSD heavily after regulatory scrutiny of BUSD forces Binance to find BUSD alternatives. TUSD supply spikes from ~1B to ~3B USD. Concerns arise about reserve transparency under new ownership.
- 2023 — TUSD real-time attestations via Chainlink halted. New attestations delayed, raising transparency questions. The peg holds but credibility concerns emerge.
- 2024 — TUSD faces continued scrutiny over reserve attestations. Market share declines as FDUSD and USDC gain trading pair volume on Binance.
Common Misconceptions
“TUSD is fully transparent because it has third-party attestations.”
TUSD’s transparency improved from USDT’s early days, but attestations were paused in 2023 during the Techteryx transition. Full audit history and current reserve composition remain less clear than USDC’s.
“TUSD is Binance’s stablecoin.”
Binance promoted (but did not issue) TUSD in 2023 after BUSD was forced to wind down. TUSD is issued by Techteryx Ltd.
Social Media Sentiment
TUSD had positive sentiment in 2018–2022 as a “more transparent USDT alternative.” Sentiment deteriorated in 2023 with the ownership change and attestation pause. The crypto community generally views FDUSD or USDC as safer alternatives for exchange-based USD pairs.
Last updated: 2026-04