TrueUSD (TUSD) Market Capitalization Hits $492.73 Million

TrueUSD (TUSD) traded 0% higher against the dollar during the 1 day period ending at 8:00 AM E.T. on September 10th. In the last week, TrueUSD has traded 0% lower against the dollar. TrueUSD has a market capitalization of $492.73 million and approximately $63.68 million worth of TrueUSD was traded on exchanges in the last 24 hours. One TrueUSD token can now be bought for approximately $1.00 or 0.00000887 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower 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 0.4% lower against the dollar and now trades at $112,178.38 or 0.99862042 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 0.1% against the dollar and now trades at $110,885.54 or 0.98805134 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• P2P Solutions foundation (P2PS) traded 0.2% lower against the dollar and now trades at $392.24 or 0.00349175 BTC.

About TrueUSD

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

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 currently 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 GDAX, Changelly or Gemini. 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