TrueUSD

TrueUSD (TUSD) is a US dollar stablecoin that was the first digital asset to offer live, on-chain attestations from independent third-party institutions. Launched in 2018, it is backed 1:1 with the US dollar and has been listed on more than 100 trading platforms, including Binance, while running live across a dozen mainstream blockchains such as Ethereum, TRON, Avalanche, BNB Chain, Fantom and Polygon.

What is TrueUSD?

TrueUSD is a fiat-collateralized stablecoin designed to keep a steady one-dollar value while making its reserves unusually transparent. An independent, industry-specialized accounting firm in the US attests in real time that the USD reserve matches the circulating supply at a 100% collateral rate. That focus on verifiable backing has been TUSD's core selling point since launch.

How does TrueUSD work?

TUSD is a token deployed across many chains rather than a network with its own consensus, so it relies on the security of whichever blockchain it runs on. Its peg is maintained by full fiat backing: dollars held in reserve support redemptions at par. TrueUSD was also the first USD-backed stablecoin to integrate Chainlink Proof of Reserve, which helps secure minting and adds another transparency layer verifying that reserves cover supply.

TrueUSD tokenomics and supply

TUSD has no fixed maximum; supply expands when users mint against deposited dollars and contracts on redemption. Circulating supply currently sits near 494,515,083 TUSD, matching total supply. TUSD also holds statutory status as an authorized digital currency in the Commonwealth of Dominica, effective October 2022.

• Circulating supply: about 494.5 million TUSD
• Backing: 1:1 US dollar reserves, attested in real time
• Live on 12+ chains including Ethereum, TRON and BNB Chain
• All-time high $1.62; all-time low $0.884

What is TrueUSD used for?

As a multi-chain USD stablecoin, TUSD is used for trading pairs, cross-exchange settlement, remittances and as a stable store of value during volatility. Its broad presence across the Ethereum, TRON, Avalanche and BNB Chain ecosystems makes it convenient for moving dollars between networks and DeFi protocols without converting back to fiat.

Where to buy TUSD

With listings on over 100 venues, TUSD is easy to access; our best crypto exchanges ranking highlights the platforms with the deepest TUSD liquidity and direct fiat on-ramps. To hold it across its many supported chains, our best crypto wallets guide covers multi-chain wallets that support TUSD.

Is TrueUSD a good investment?

TUSD is built to hold a dollar's value, not to appreciate, so the relevant questions are reserve quality and peg reliability rather than upside. Its history shows deviations on both sides of the peg, underscoring that no stablecoin is risk-free. Consider issuer transparency, redemption access, regulatory factors and the underlying reserve when using TUSD. This overview is educational and not financial advice.