TrueUSD (TUSD) Feed: Events, News & Roadmap

What is TrueUSD?

TrueUSD (TUSD) is a fiat-collateralized stablecoin designed to maintain a 1:1 peg with the US dollar, ensuring that each token can be redeemed for an equivalent amount of fiat currency. It operates across multiple blockchain networks, including Ethereum, TRON, Binance Smart Chain, Avalanche, Fantom, and Polygon, allowing for broad accessibility and integration into decentralized finance (DeFi) applications. TrueUSD is legally recognized in jurisdictions like the Commonwealth of Dominica, highlighting its increasing adoption as a regulated digital asset.

The stability of TUSD is maintained through a reserve-backed model, where each token in circulation is fully backed by US dollars held in escrow accounts. These reserves undergo real-time on-chain attestations verified by independent third-party accounting firms, ensuring transparency and trust. Additionally, Chainlink’s Proof of Reserve (PoR) is integrated to provide automated verification of collateral, reinforcing the reliability of TrueUSD’s backing.

The TUSD token follows the ERC-20 standard on Ethereum and equivalent standards on other blockchains, making it widely compatible across the crypto ecosystem. Unlike algorithmic stablecoins, TUSD has an uncapped supply, with tokens minted or burned based on user deposits and redemptions. Its zero minting and redemption fees further enhance its usability for trading, payments, and remittances. However, as with other blockchain-based assets, TUSD transactions are subject to network conditions such as gas fees and congestion risks on Ethereum and other chains.