Ethereum/strong>/a>, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-tron-trx/">TRON/strong>/a>, <strong>BSC<\/strong>, <strong>Polygon<\/strong>, and many others.<\/p>\r\n<p>Since <strong>TrueUSD's USD holdings are spread over multiple bank accounts held by various Nevada trust firms<\/strong>, it's subject to regulation by the Nevada Department of Business & Industry.<\/p>\r\n<p>The primary purpose of the TrueUSD crypto asset, or any other <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-stablecoin/">stablecoin/strong>/a>, is to deal with the increased liquidity of the crypto market. Since the TUSD price manages to stay stable even during periods of high fluctuation, it helps decrease the market's volatility.<\/p>\r\n<p>Besides that, it provides investors with a plan B that they can use to exchange their holdings for TrueUSD, keeping the value stable during high crypto market fluctuations.<\/p>\r\n<p>Note that the aforementioned stability of the TUSD price doesn't mean it doesn't fluctuate even a bit. It actually does; however, the range of the fluctuation of the TrueUSD price stays close to $1. It typically doesn't fall below $0.97 or exceed $1.02.<\/p>\r\n<h2>The Founders of TrueUSD<\/h2>\r\n<p>The company behind TrueUSD tokens is TrustToken. <strong>TrustToken is a platform for <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-tokenize/" target=\"_blank\" rel=\"noopener\">asset tokenization<\/a><\/strong>. It aspires to someday offer the tools needed to tokenize and conduct transactions involving real-world physical assets on blockchains in a way that is audited, governed by law, and has collateral.<\/p>\r\n<p>The Financial Crimes Enforcement Network has TrustToken listed and overseen as a federal Money Service Business (FinCEN).<\/p>\r\n<p>The company was founded by <strong>Rafael Cosman<\/strong>, <strong>Jai An<\/strong>, <strong>Stephen Kade<\/strong>, and <strong>Tory Reiss<\/strong>. Cosman worked for Google as a machine learning engineer prior to founding TrustToken, while Jai An worked as a data scientist for Kernel. Kade founded a company named NeuroTechX, and Reiss worked for Microsoft in business development.<\/p>\r\n<h2>How Are TrueUSD Tokens Created?<\/h2>\r\n<p>TrustToken utilizes escrow accounts. These are such type of third-party accounts that hold the deposited assets until the buyer and the seller negotiates their deal. To mitigate counterparty risk and give token holders legal protection from appropriation, <strong>TrueUSD utilizes several escrow accounts<\/strong>.<\/p>\r\n<p>Whenever USD is deposited into an escrow account, new TUSD tokens are created. The equivalent amount of TrueUSD is instantly burned when a token holder converts TUSD to USD.<\/p>\r\n<p>Thus, using smart contracts, TUSD is generated and <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-burning/">burned/strong>/a> automatically. This ensures that the amount in the escrow accounts is always equal to the total amount of TrueUSD in circulation. This balance also guarantees that the TrueUSD price stays within the $1 range.<\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/trueusd-tusd-price","crypto_currency_info":{"id":139,"crypto_currency_id":208,"description":"TrueUSD (TUSD) is a cryptocurrency and operates on the BNB Beacon Chain (BEP2) platform. 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More information can be found at https:\/\/www.trueusd.com\/.","tags":"[\"store-of-value\",\"stablecoin\",\"asset-backed-stablecoin\",\"avalanche-ecosystem\",\"arbitrum-ecosytem\",\"bnb-chain\"]","platform":"{\"id\":1839,\"name\":\"BNB Beacon Chain (BEP2)\",\"symbol\":\"BNB\",\"slug\":\"bnb\",\"token_address\":\"TUSDB-888\"}","category":"token","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/2563.png","original_links":"{\"website\":[\"https:\\\/\\\/www.trueusd.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/tusd_official\"],\"message_board\":[\"https:\\\/\\\/trueusd.medium.com\\\/\"],\"chat\":[\"https:\\\/\\\/t.me\\\/TUSDofficial_EN\",\"https:\\\/\\\/t.me\\\/TUSDofficial_CN\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0x0000000000085d4780B73119b644AE5ecd22b376\",\"https:\\\/\\\/explorer.binance.org\\\/asset\\\/TUSDB-888\",\"https:\\\/\\\/blockchair.com\\\/ethereum\\\/erc-20\\\/token\\\/0x0000000000085d4780b73119b644ae5ecd22b376\",\"https:\\\/\\\/tronscan.org\\\/#\\\/token20\\\/TUpMhErZL2fhh4sVNULAbNKLokS4GjC1F4\",\"https:\\\/\\\/snowtrace.io\\\/token\\\/0x1c20e891bab6b1727d14da358fae2984ed9b59eb\"],\"reddit\":[],\"technical_doc\":[],\"source_code\":[\"https:\\\/\\\/github.com\\\/trusttoken\\\/smart-contracts\"],\"announcement\":[]}","links":"{\"website\":{\"trueusd.com\":\"https:\\\/\\\/www.trueusd.com\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/tusd_official\",\"trueusd.medium.com\":\"https:\\\/\\\/trueusd.medium.com\\\/\",\"reddit.com\":\"https:\\\/\\\/www.reddit.com\\\/r\\\/TUSD\\\/\",\"telegram.org\":\"https:\\\/\\\/t.me\\\/TUSDofficial_CN\"},\"explorer\":{\"etherscan.io\":\"https:\\\/\\\/etherscan.io\\\/token\\\/0x0000000000085d4780B73119b644AE5ecd22b376\",\"explorer.binance.org\":\"https:\\\/\\\/explorer.binance.org\\\/asset\\\/TUSDB-888\",\"blockchair.com\":\"https:\\\/\\\/blockchair.com\\\/ethereum\\\/erc-20\\\/token\\\/0x0000000000085d4780b73119b644ae5ecd22b376\",\"tronscan.org\":\"https:\\\/\\\/tronscan.org\\\/#\\\/token20\\\/TUpMhErZL2fhh4sVNULAbNKLokS4GjC1F4\",\"snowtrace.io\":\"https:\\\/\\\/snowtrace.io\\\/token\\\/0x1c20e891bab6b1727d14da358fae2984ed9b59eb\"},\"source_code\":\"https:\\\/\\\/github.com\\\/trusttoken\\\/smart-contracts\"}","data":"{\"id\":2563,\"name\":\"TrueUSD\",\"symbol\":\"TUSD\",\"category\":\"token\",\"description\":\"TrueUSD (TUSD) is a cryptocurrency and operates on the BNB Beacon Chain (BEP2) platform. TrueUSD has a current supply of 1,360,035,382.4202619. The last known price of TrueUSD is 0.99933303 USD and is down -0.05 over the last 24 hours. It is currently trading on 244 active market(s) with $263,469,533.95 traded over the last 24 hours. More information can be found at https:\\\/\\\/www.trueusd.com\\\/.\",\"slug\":\"trueusd\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/2563.png\",\"subreddit\":\"\",\"notice\":\"\",\"tags\":[\"store-of-value\",\"stablecoin\",\"asset-backed-stablecoin\",\"avalanche-ecosystem\",\"arbitrum-ecosytem\",\"bnb-chain\"],\"tag-names\":[\"Store Of Value\",\"Stablecoin\",\"Asset-Backed Stablecoin\",\"Avalanche Ecosystem\",\"Arbitrum Ecosystem\",\"BNB Chain\"],\"tag-groups\":[\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"PLATFORM\",\"PLATFORM\",\"PLATFORM\"],\"urls\":{\"website\":[\"https:\\\/\\\/www.trueusd.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/tusd_official\"],\"message_board\":[\"https:\\\/\\\/trueusd.medium.com\\\/\"],\"chat\":[\"https:\\\/\\\/t.me\\\/TUSDofficial_EN\",\"https:\\\/\\\/t.me\\\/TUSDofficial_CN\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0x0000000000085d4780B73119b644AE5ecd22b376\",\"https:\\\/\\\/explorer.binance.org\\\/asset\\\/TUSDB-888\",\"https:\\\/\\\/blockchair.com\\\/ethereum\\\/erc-20\\\/token\\\/0x0000000000085d4780b73119b644ae5ecd22b376\",\"https:\\\/\\\/tronscan.org\\\/#\\\/token20\\\/TUpMhErZL2fhh4sVNULAbNKLokS4GjC1F4\",\"https:\\\/\\\/snowtrace.io\\\/token\\\/0x1c20e891bab6b1727d14da358fae2984ed9b59eb\"],\"reddit\":[],\"technical_doc\":[],\"source_code\":[\"https:\\\/\\\/github.com\\\/trusttoken\\\/smart-contracts\"],\"announcement\":[]},\"platform\":{\"id\":1839,\"name\":\"BNB Beacon Chain (BEP2)\",\"symbol\":\"BNB\",\"slug\":\"bnb\",\"token_address\":\"TUSDB-888\"},\"date_added\":\"2018-03-06T00:00:00.000Z\",\"twitter_username\":\"tusd_official\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"TUSDB-888\",\"platform\":{\"name\":\"BNB Beacon Chain (BEP2)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}},{\"contract_address\":\"0x0000000000085d4780B73119b644AE5ecd22b376\",\"platform\":{\"name\":\"Ethereum\",\"coin\":{\"id\":\"1027\",\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\"}}},{\"contract_address\":\"TUpMhErZL2fhh4sVNULAbNKLokS4GjC1F4\",\"platform\":{\"name\":\"Tron20\",\"coin\":{\"id\":\"1958\",\"name\":\"TRON\",\"symbol\":\"TRX\",\"slug\":\"tron\"}}},{\"contract_address\":\"0x1c20e891bab6b1727d14da358fae2984ed9b59eb\",\"platform\":{\"name\":\"Avalanche C-Chain\",\"coin\":{\"id\":\"5805\",\"name\":\"Avalanche\",\"symbol\":\"AVAX\",\"slug\":\"avalanche\"}}},{\"contract_address\":\"0x14016e85a25aeb13065688cafb43044c2ef86784\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}}],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:17.000000Z","updated_at":"2023-05-18T14:34:12.000000Z"},"crypto_currency_social":{"id":202,"crypto_currency_id":208,"twitter":null,"reddit":"{\"subscribers\":12,\"description\":\"TrueUSD\",\"created_at\":\"2018-05-16 00:00:00\",\"subreddit_type\":\"public\",\"subreddit_name\":\"r\\\/TUSD\",\"moderators\":1,\"hot\":[{\"title\":\"What Is TrueUSD ($TUSD)?\",\"author\":\"AcrobaticBird72\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TUSD\\\/comments\\\/v4kokc\\\/what_is_trueusd_tusd\\\/\",\"created_at\":\"2022-06-04 08:39:38\",\"icons\":[]},{\"title\":\"Top 5 Avalanche Ecosystem Tokens - TrueUSD (TUSD)\",\"author\":\"bordoisse\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TUSD\\\/comments\\\/oeag5c\\\/top_5_avalanche_ecosystem_tokens_trueusd_tusd\\\/\",\"created_at\":\"2021-07-05 16:05:56\",\"icons\":[]},{\"title\":\"Breaking Down Stablecoins: What Are Stablecoins And How to Get TUSD\",\"author\":\"bordoisse\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/TUSD\\\/comments\\\/k6sc15\\\/breaking_down_stablecoins_what_are_stablecoins\\\/\",\"created_at\":\"2020-12-04 20:01:52\",\"icons\":[]}]}","github":"{\"stars\":304,\"watchers\":31,\"forks\":122,\"language\":\"TypeScript\",\"license\":\"Other\",\"repo_name\":\"trusttoken\\\/smart-contracts\",\"repo_link\":\"https:\\\/\\\/github.com\\\/trusttoken\\\/smart-contracts\",\"public_repos\":39,\"bio\":\"Tokenization you can Trust\",\"type\":\"Organization\",\"username\":\"trusttoken\",\"user_link\":\"https:\\\/\\\/github.com\\\/trusttoken\",\"created_at\":\"2017-08-18 00:00:00\"}","telegram":"{\"title\":\"TrueUSD | Stablecoin Community\",\"description\":\"TrueUSD (TUSD) is the world's most transparent stablecoin, backed 1:1 by US Dollars and attested live, independently, and on-chain.\\n\\nMint\\\/Redeem at https:\\\/\\\/app.TrustToken.com \\nTelegram Channel:\\nhttps:\\\/\\\/t.me\\\/TUSDofficialChannel\\nWebsite:tusd.io\",\"chat_id\":\"@TUSDofficial_EN\",\"member_count\":5456}","domain":"{\"domain_rating\":49,\"ahrefs_top\":805163,\"traffic\":61.87851124556333,\"website\":\"https:\\\/\\\/www.trueusd.com\"}"},"buy_page":{"id":320,"crypto_currency_id":208,"button_link":"https:\/\/www.bitdegree.org\/crypto\/goon\/binance","slug":"trueusd-tusd","created_at":"2020-12-29T08:37:50.000000Z","updated_at":"2023-02-24T10:59:47.000000Z","content":null,"middle_cta_text":null,"intro_text":null,"reason_titles":null,"reason_texts":null,"benefits_texts":null,"faq_questions":null,"faq_answers":null,"status":"published","link":"https:\/\/www.bitdegree.org\/crypto\/buy-trueusd-tusd"},"halving_page":null}"
:fiat-currency="{"name":"United States Dollar","logo":"\/crypto-prices\/fiat-logos\/USD.svg","symbol":"USD","sign":"$","price":1}"
>