TrueUSD (TUSD) Tops One Day Trading Volume of $44.95 Million

TrueUSD (TUSD) traded up 0% against the dollar during the 24-hour period ending at 9:00 AM Eastern on November 21st. TrueUSD has a market cap of $492.59 million and $44.95 million worth of TrueUSD was traded on exchanges in the last day. One TrueUSD token can now be purchased for about $1.00 or 0.00001192 BTC on major cryptocurrency exchanges. During the last week, TrueUSD has traded 0% higher against the dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 9.1% against the dollar and now trades at $83,174.63 or 0.99558697 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

TrueUSD Token Profile

TrueUSD’s genesis date was March 31st, 2018. TrueUSD’s total supply is 494,515,083 tokens. TrueUSD’s official Twitter account is @tusdio. TrueUSD’s official message board is trueusd.medium.com. The official website for TrueUSD is tusd.io.

According to CryptoCompare, “TrueUSD, part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin pegged to the value of USD. In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company. The contents of said bank accounts are published every day and are subject to monthly audits. If someone wants to obtain TrueUSD through the online application, they will need to pass a KYC/AML check. Once that’s complete, they can send USD to one of TrueUSD’s trust company partners. Once the funds are verified by the trust company, their API will instruct the TrueUSD smart contract to issue tokens on a 1 to 1 ratio and to send them to the Ethereum address associated with the account at hand.Once in the wallet, the tokens can be transferred to a friend or used as payment, combining the advantages of fiat (stability and trust) with those of cryptocurrencies (reduced fees and transfer times). The user can also redeem real US Dollars by sending the TUSD tokens back to the smart contract address, which will notify the trust company, and initiate a bank transfer to the user’s account.”

Buying and Selling TrueUSD

It is usually not possible to purchase alternative cryptocurrencies such as TrueUSD directly using US dollars. Investors seeking to acquire TrueUSD should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TrueUSD using one of the aforementioned exchanges.

TUSD/USD price chart by TradingView