TrueUSD (TUSD) Hits Market Cap of $743.37 Million

TrueUSD (TUSD) traded 0% lower against the dollar during the 24-hour period ending at 0:00 AM E.T. on November 24th. TrueUSD has a market capitalization of $743.37 million and approximately $29.07 million worth of TrueUSD was traded on exchanges in the last 24 hours. Over the last week, TrueUSD has traded 0.1% lower against the dollar. One TrueUSD token can currently be purchased for $1.00 or 0.00006063 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

  • KILT Protocol (KILT) traded 11.3% lower against the dollar and now trades at $0.38 or 0.00002275 BTC.
  • Aidi Finance (BSC) (AIDI) traded up 7.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 1.6% higher against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded up 1.6% against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 6.2% higher against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded up 3% against the dollar and now trades at $1,436.69 or 0.08662447 BTC.
  • Kitty Inu (KITTY) traded up 1.6% against the dollar and now trades at $80.13 or 0.00483120 BTC.
  • Lunar (LNR) traded up 3.1% against the dollar and now trades at $0.0602 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded 15.4% lower against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • QANplatform (QANX) traded up 1.6% against the dollar and now trades at $4,916.09 or 0.29641368 BTC.

TrueUSD Profile

TrueUSD’s genesis date was March 31st, 2018. TrueUSD’s total supply is 743,817,716 tokens. The official message board for TrueUSD is trueusd.medium.com. TrueUSD’s official Twitter account is @tusdio. TrueUSD’s official website 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 currently possible to buy alternative cryptocurrencies such as TrueUSD directly using US dollars. Investors seeking to acquire TrueUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TrueUSD using one of the aforementioned exchanges.

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