TrueUSD (TUSD) is a fiat-backed stablecoin designed to maintain a strict 1:1 peg with the U.S. dollar. Each TUSD token in circulation is backed by an equivalent amount of USD held in escrow accounts. The peg is maintained through a mint-and-burn mechanism, where new TUSD is issued only when USD is deposited, and tokens are burned when redeemed for fiat. Unlike algorithmic models, TUSD relies on direct collateralization, making its price stability dependent on verified reserve backing rather than market incentives.

TrueUSD was the first stablecoin to implement live on-chain attestations. Independent, U.S.-based accounting firms continuously verify that the USD reserves held in escrow match the circulating TUSD supply. This reserve data is published on-chain in near real time, allowing anyone to independently verify collateralization levels. These attestations reduce reliance on delayed reports and provide ongoing transparency, making TUSD’s reserve status observable rather than trust-based.

Chainlink Proof of Reserve (PoR) is integrated into TrueUSD to secure the minting process. Reserve data from independent accounting firms is fed on-chain through Chainlink oracles. Smart contracts use this data to verify that sufficient USD reserves exist before allowing new TUSD tokens to be minted. This prevents over-issuance and ensures that token supply expansion is cryptographically tied to verified collateral, strengthening transparency and reducing issuance risk.

The supply of TUSD is uncapped and expands or contracts based on demand. As a fiat-backed stablecoin, its supply increases when users mint TUSD by depositing USD and decreases when tokens are redeemed and burned. This elastic supply model allows TUSD to scale with market usage while maintaining full collateralization. As of March 2023, approximately 2 billion TUSD were in circulation, but this figure changes dynamically based on redemption and issuance activity.

TrueUSD is deployed across multiple major public blockchains, including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. This multi-chain availability allows TUSD to be used across centralized exchanges, decentralized exchanges, and DeFi protocols without being limited to a single ecosystem. Cross-chain support improves liquidity access, reduces network congestion dependency, and enables TUSD to function as a stable settlement asset across different blockchain environments.

TrueUSD’s security model combines full fiat collateralization with real-time transparency. Reserves are held in escrow and verified through continuous attestations, while minting is secured using Chainlink Proof of Reserve. On-chain, TUSD follows standard token security practices on supported networks, including ERC-20 standards where applicable. Network-level risks such as congestion or high transaction fees are inherited from underlying blockchains rather than the TUSD protocol itself.

TrueUSD has been granted statutory status as an authorized digital currency and medium of exchange in the Commonwealth of Dominica, effective October 7, 2022. This designation provides legal recognition for TUSD within that jurisdiction and represents a notable step toward regulatory engagement for fiat-backed stablecoins. While not equivalent to global regulation, this status signals increasing acceptance of TUSD as a legitimate digital representation of the U.S. dollar.

The current TrueUSD price is $1.00. The TrueUSD price has changed by -0.013554667146814237% in the last 24 hours.

The current market capitalization is $493,285,476. This represents the total value of all circulating tokens at the current price.

There are currently 334,114 unique addresses holding TrueUSD. The top 10 holders control approximately 91% of the total supply.

The 24-hour trading volume is $7,991,115. This represents the total value of all trades executed in the last 24 hours across all exchanges.

TrueUSD is available for trading on various centralized exchanges (CEX) like HTX, GroveX, EarnBIT and decentralized exchanges (DEX) like PancakeSwap V3 (BSC), SunSwap V3, PancakeSwap (v2). These platforms offer trading pairs with various cryptocurrencies and fiat currencies.

The primary contract address is 0x0000000000085d4780b73119b644ae5ecd22b376 on the ethereum blockchain. This is where the token's core functionality is implemented.

The all-time high for TrueUSD was $2. This represents the highest price the token has ever reached.